The government sets outs policies that influence the UK economy. Provide an overview of the sector of Land rover. Consider the following policies below by explaining what the policy is and how this affects Landrover.
1. Economic Policy
2. Industrial and regional Policy of Birmingham UK (enterprise zones)
3. Competition Policy
4. Fiscal Policy (Government spending & taxation)
5. Education and training policy (apprentices, University Fees)
The UK Government has proposed the following changes:
- Spending on education to increase.
- Government introduces a programme to cut carbon emissions by 20% and to use environmental friendly materials.
- Government introduces a lower inflation target of 1.5%
- The government outlined key changes in the industrial policy; the government will NOT support business as of 2012 to introduce new technology and engineering facilities.
Your task is to analyse the impact of the above changes on Landrover. You need to examine the information and draw justified conclusions on how the business may react.