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Copy of Britain - The economy and everyday life
Transcript of Copy of Britain - The economy and everyday life
earning money - working life
public and private industry
Using money: finance and investment
Spending money: shopping
British attitude due to work
- lack of enthusiasm
- leisure as main outward sign
Is Britain a fair country?
inequality in Britain:
"The one thing the English will never fogive the Germans for is working to hard" (George Mikes)
manual workers - blue collar
non-manual work -
ways in which people look for work:
> through newspaper (national and local ones)
> through the local job center (government service)
> through privately-run employment agencies (small charge)
gpg = difference in percentage, how much man earn more than women
Confederation of British Industry (CBI)
...most employers belong to it...
...quite influential in the advices to the trade unions and the government...
Trade Union Congress (TUC)
...main organization for employees
National Farmers Union
...agricultural employers and independent farmers
Why joining a union (benefits):
- financial advices
- better payment
- insurance deals
- training opportunities
- poor performance after
World War Two
1945 - 1980 trend was to control more and more
- State-owned companies turned into companies owned by individual members
- de-nationalized or privatized
1980: let the market force rule
contribution to the widening gab between rich and poor
job losses (mass unemployment)
no social purpose
x in 1970 one of the most equitable distribution of wealth in Europe
x nowadays the gap between rich and poor is the widest since the Second World War
The distribution of wealth
Why invest in the British market?
- preference for continuity and tradition
- emphasis on personal contact
- atmosphere of stability and personal trust
1.00 Euro - 0.838139 GBP
one of the most commonly converted currencies
- Sterling Area
not very adventurous shoppers
not a high demand on creative shopping windows
supermarkets and hypermarkets are flourishing
boom in online shopping
high streets = lots of local shops, effected of the out-of-town shopping
central streets - reserved for pedestrians
- various kind of food
- main business = newspaper, magazines, sweets and tobacco
former tradition of early closing day
group of various Christian churches against consumer (working women)
flexibel opening times
Gross domestic products