Study Notes
Competitiveness Policies
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 May 2017
This page provides a summary of some of the policies introduced in recent years to improve the competitiveness of the UK economy
Policies include:
- Improving the functioning of Labour Markets
- Investment in all levels of education and workplace training
- Encouraging inward migration of skilled workers
- Improvements in management quality
- Infrastructure Investment
- Better motorways, ports, hi-speed rail, new sewers
- The Northern Powerhouse project
- Communications e.g. super-fast broadband, 4G networks
- Supporting Enterprise / Entrepreneurship
- Improved access to business finance e.g. for start-ups
- Incentives for business innovation and invention
- Reductions in business red tape
- Macroeconomic Stability
- Maintaining low inflation / price stability to help confidence
- A sustainable and more competitive banking system
- A competitive exchange rate v major trading partners
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