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Welfare reform - the end of universal benefits
Underemployment - over 3 million
CPI inflation - at 2.7%
Autumn statement - austerity to continue
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Libor - rate fixing scandal
Greek exit - a little nearer
Competition policy - new regulator planned
Fiscal union - rejected by UK
Europe - a Tobin tax?
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Competitiveness

Question 1

  1. What factors help determine a country’s competitiveness?

  2. During the last 12 months the value of Sterling has risen against the US Dollar. Examine the likely affects of this on UK:

  1. Competitiveness

  2. Inflation

  3. Employment

  1. “Investment is the key to improving a country’s competitiveness in the long run.” To what extent do you agree with this assertion?

 


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