Economics

Study Notes

Competitiveness Policies

Level:
AS, A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

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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