UK Economy Flashcards
(20 cards)
Why did UK manufacturing decline?
Cheaper overseas competition (Asia), mechanisation, rising labour costs. Fell from 40% (1970) to <10% (2010) of employment.
How has globalisation affected the UK?
TNCs like Nissan (Sunderland) operate here; jobs outsourced (e.g., call centres to India).
Key UK government policies since 1945?
- 1945–1979: Nationalisation (coal, railways).<br></br>- 1979–2010: Thatcher privatisation (BT, British Gas).<br></br>- 2010+: Northern Powerhouse, green energy.
What is a post-industrial economy?
Shift to services (80% jobs) and quaternary sector (IT, research).
Case Study: Cambridge IT hub
1.3M IT jobs; e.g., cybersecurity, app development. British Antarctic Survey (£30B/year research).
Case Study: Southampton Science Park
Hosts Fibercore, Symetrica; near M3/University of Southampton. Offers labs/business support.
Case Study: Cobalt Business Park (Newcastle)
UK’s largest; hosts P&G, Siemens; low rent, skilled workforce, near A1/airport.
Negative industrial impacts?
Pollution (air/land), deforestation, quarry scars (e.g., Tor Quarry – now sustainable).
Case Study: Tor Quarry sustainability
5M tonnes limestone/year; rail freight, wildlife habitats, water recycling.
Rural growth: South Cambridgeshire
Commuter belt for Cambridge; villages like Cambourne grow due to jobs/schools. Challenges: House prices, traffic.
Rural decline: Outer Hebrides
Remote islands; youth leave for mainland jobs. Challenges: Poor transport, few jobs.
Case Study: A303 ‘Super Highway’
£2B upgrade (Stonehenge tunnel); cuts congestion to Devon/Cornwall.
Case Study: Crossrail (Elizabeth Line)
Links Reading-Heathrow-London-Essex; +10% capacity, £42B economic boost.
Case Study: Liverpool2 port
£400M terminal; handles mega-ships, boosts northern trade.
Heathrow expansion pros/cons?
- Pros: 70,000 jobs, 700K flights/year.<br></br>- Cons: Noise, pollution, village destruction.
Causes of the North-South divide?
Deindustrialisation (e.g., Sheffield), London/EU proximity, uneven investment.
Strategies to reduce the divide?
HS2, Northern Powerhouse, Enterprise Zones (tax breaks), local transport funding.
UK’s global trade role?
5th largest economy; exports cars, pharmaceuticals, finance.
Brexit impacts?
Lost EU trade deals/mobility; now negotiates own (e.g., Australia, Japan).
Commonwealth links?
56 nations; shared trade/democracy (e.g., Commonwealth Games).