Global Factbook Flashcards
Importing tomatoes from _ into UK (by sea) causes less environmental damage than growing them at home
Spain
In which year did the UK remove capital controls?
1979
Where do Nissan (Japanese company) have a car manufacturing plant in the UK?
Sunderland
UK saw a decline in cost efficiency of _ industries and hence reduced manufactured exports
Steel Works
From 1995 to 2005 US share of trade in hi-tech goods went down by _
10%
UK have a corporate tax rate of _
20%
_ of UK exports went to IMF classified emerging economies in 2014
11%
UK suffered from _ unemployment as primary industries shrank
Structural
The UK can’t place high emergency tariffs on Chinese steel because they are in the _
EU
Steel production makes up _ of the UK’s economic output
0.1%
End of the 1980s UK economy boomed with spending and inflation, widening _
Deficit
Recession in UK in 2009 and _ led to improvement in current account deficit
1992
UK post-2010 used contractionary policy and successfully kept exports and imports _
Stable
A reverse effect of the J-Curve can be seen from 1996-2001 where revaluation in the UK made the current account go from £-2.5 billion to £0.5 billion and then get worse down to _ billion
£-6
UK gov plans to further reduce the household _ cap
Benefits
In UK government plan to introduce a National Living Wage (NLW) for workers aged 25 and over, to reach _ by 2020
£9
UK reforms are increasing the rigour of GCSEs and A levels, including in _ and science
Maths
Thatcher’s privatisation and trade union reforms met serious opposition in the _
1980s
UK government plan on cutting corporation tax to 19% in 2017 and then again to _ in 2020
18%
UK gov plan to cut a further £10 billion of _
Red tape
In the late 1960s UK government allowed per _ person to be taken abroad
£50
From 2004-2005 HMRC measured that the top _ of the UK had 93% cumulative wealth
50%
_ is more unevenly distributed in the UK than income
Wealth
Gini-coefficient in the UK rose from _ to 0.38 from 1974-2010
0.26