BUSS4 - Government intervention, Political Issues & Law
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Vince Cable defends Royal Mail sale

Vince Cable defends Royal Mail sale | BUSS4 - Government intervention, Political Issues & Law | Scoop.it
Business Secretary Vince Cable refuses to apologise over Royal Mail's sale, despite criticism from the spending watchdog.
Mr Bedford's insight:

The government have been accused of selling The Royal Mail to cheap, remember this happened with the privatisation of British Gas as seen in previous lessons. Vince Cable argues about the amounts the government have made, how will this now be reinvested?

 

On another note there are a couple of positives and negatives to be taken from the privatisation; it looks as though the strike action has been halted (for now anyway). The negative is that 16 investors were given high priority when buying shares, in a bid to have some long term stability. They have since sold their shares and made a lot of personal profit. 

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Key points of Budget: At-a-glance

Key points of Budget: At-a-glance | BUSS4 - Government intervention, Political Issues & Law | Scoop.it
An at-a-glance summary of the main points of the 2014 Budget.
Mr Bedford's insight:

The yearly budget – a must read for all A2 students. This is simple to read and kindly split up into different industries. Videos to watch also. The Conservatives are attempting to get the economy growing again, which main changes to fiscal policy do that?

Can you spot any changes that they are using to gain voters in a certain age group? Bingo tax?

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Carney set to adjust rates policy

Carney set to adjust rates policy | BUSS4 - Government intervention, Political Issues & Law | Scoop.it
Bank of England governor Mark Carney is expected to overhaul his flagship forward guidance policy on interest rates.
Mr Bedford's insight:

Using solely unemployment as a trigger for changing the rate of interest in the UK seems to have been a narrow minded view. Many other economic variables will be considered in the future. This article shows the effects interest rates has on other economic variables.

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£1bn Crossrail job for Bombardier

£1bn Crossrail job for Bombardier | BUSS4 - Government intervention, Political Issues & Law | Scoop.it
The £1bn contract to build the trains for London's new Crossrail route has been awarded to Derby-based Bombardier Transportation.
Mr Bedford's insight:

UK based business with many jobs created/secured. Is this government intervention or a fair bidding process to win a contract?

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UK interest rates remain on hold

UK interest rates remain on hold | BUSS4 - Government intervention, Political Issues & Law | Scoop.it
The Bank of England keeps UK interest rates unchanged at 0.5%, as expected, with all eyes now on the publication of a key report next week.
Mr Bedford's insight:

There is a strong focus on the correlation between interest rates and unemployment. Previous assurances that the interest rate would not rise until unemployment reached 7%.

 

Some suggest that any interest rate rise should be linked with more than just unemployment. Growth is the main aim, it looks as if interest rates will remain low for a long time to come.

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UK and the EU: Better off out or in?

UK and the EU: Better off out or in? | BUSS4 - Government intervention, Political Issues & Law | Scoop.it
With Europe at a crossroads and growing calls for an in/out referendum, what would be the impact on daily life in Britain?
Mr Bedford's insight:

An excellent resource which answers most of the important questions on the EU and the UKs membership. Nice layout also.

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Hitachi to move rail business to UK

Hitachi to move rail business to UK | BUSS4 - Government intervention, Political Issues & Law | Scoop.it
Japanese electronics firm Hitachi - the manufacturer of the first bullet trains - announces it will move its global rail business from Japan to the United Kingdom.
Mr Bedford's insight:

A great vote of confidence for the UK. There are many motives for Hitachi moving to the UK, you show identify these. This is a continuation of the Bombardier story previously shown.

 

The UK being a member of the EU also has a benefit for Hitachi, this move is good for the economy and might help attract other rivals.

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£19m fund to help first-time buyers

£19m fund to help first-time buyers | BUSS4 - Government intervention, Political Issues & Law | Scoop.it
A £19m scheme designed to help first-time buyers in the Northern Ireland housing market is launched.
Mr Bedford's insight:

Excellent example of government intervention into an industry. Great chance for analysis also, think about how the economy should grow after this investment.

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Bombardier wins £1bn Crossrail deal

Bombardier wins £1bn Crossrail deal | BUSS4 - Government intervention, Political Issues & Law | Scoop.it
Bombardier has won a £1bn contract to provide trains for the London Crossrail project, the government announces.
Mr Bedford's insight:

Fantastic news article on the recent decision to offer a contract to a large UK employer. Do you see this as government intervention or fair competition. Assess the benefits of the decision made by the government, consider the wider benefits for the UK. Attempt to think beyond increased employment opportunities. Also Great analysis from John Moylan.

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UK economy 'to grow 2.5% this year'

UK economy 'to grow 2.5% this year' | BUSS4 - Government intervention, Political Issues & Law | Scoop.it
The UK economy will grow by 2.5% this year and 2.1% in 2015, the National Institute of Social and Economic Research (NIESR) forecasts.
Mr Bedford's insight:

This is an excellent story to highlight the benefits of low interest rates. Unemployment decreasing, economy growing. Consider if these effects are likely to continue??

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Osborne wants minimum wage rise

Osborne wants minimum wage rise | BUSS4 - Government intervention, Political Issues & Law | Scoop.it
Chancellor George Osborne says he wants to see an above-inflation increase in the minimum wage, arguing the country "can afford" it.
Mr Bedford's insight:

The government seem to be attempting to help the lowest paid people in the country. The minimum wage rise will have positive and negative impacts on the economy and businesses. Small businesses seem to have the highest concerns with this news.  

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Diageo in Whyte & Mackay sale offer

Diageo in Whyte & Mackay sale offer | BUSS4 - Government intervention, Political Issues & Law | Scoop.it
Diageo, the world's biggest Scotch whisky distiller, offers to sell the Whyte & Mackay business to appease competition authorities.
Mr Bedford's insight:

Obviously the competition commotion believe that this monopoly would be negative for consumers. Diageo have taken a proactive step to offer to sell part of the business. Consider the possible negative effects of Diageo having this high market share.

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