The Autumn Statement is a traditional statement made by the government that serves as a financial report. It is the second made every year, with the first being the Spring Budget. It is given by the Chancellor of the Exchequer, who provides MPs with information about the United Kingdom’s taxation and spending (BBC, 2016). Traditionally, the Budget dealt primarily with taxation while the Statement focuses more on department allocation. The information and data used is compiled by the Office of Budget Responsibility, which publishes its information as soon as the chancellor finishes his/her speech. Last year’s Autumn ...
Essays on British Economy
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What is a cartel? (5 marks)
The companies in a market might collude to set the prices by making explicit or implicit agreements between them on the market price, sharing the market geographically, or controlling the quantity supplied in the market. The agreement between the companies in a specific market might create an oligopoly behaving like a monopoly. The companies might set the price, and all the agreement partners might obey the agreement. If the companies can create a large market power, they might behave like one monopolist. Cartel is the situation of existence of an explicit or implicit agreement between the companies in a ...
Executive Summary
Family businesses have been making vital contributions to the British economy and the forecast indicates even more in the coming years. A typical family business in UK, Associated British Foods plc, has been performing consistently well for over 100 years. The company has built up portfolios in Sugar, Agriculture, Retail, Grocery and Ingredients segments and owns many of the most famous food brands. Starting with bakery products, the company has diversified into the other segments mostly by prudent acquisitions. The models generally used for analysing family businesses, namely the three circle model, the 12S model and the business canvas ...
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ORDER AN ESSAYThatcherism is typically described by analysts and political experts to be an ideology which espoused achieving a supported governing competency with the reconstruction of traditional conservative tenets with a focus on autonomy over a series of issues, they deemed as issues of “high-politics” Moravcsik, 1991). Specifically Margaret Thatcher’s rise to power in came on the heels of post War World II, a deteriorating industrial based economy and the provision of abysmal governmental services and a deep seated crisis of the state during the mid-1970s (Gamble, 1988). These “new politics’ within the Conservative traditions emerged during a recession and ...
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