The UK could be referred to as a post-industrial economy. However there is evidence that it's not due to the governmental policies seeking to rebalance the economy.
The main tertiary sectors that the UK works in are IT, finance and research.
The main tertiary sectors that the UK works in are IT, finance and research.
Evidence for being in a post-industrial economy |
Evidence for not being in a post-industrial economy |
Finance Service sector has grown rapidly and now contributes 79% of the money the UK earns (economic output) The UK is a world leader for financial services and London is the centre of that. Finance creates 10% of UK GDP Research Contributes £3 million to the UK economy Research is done by universities, government bodies and private companies It is likely to be an area of growth in the future E.G the British Antarctic Survey which is linked to the University of Cambridge to investigate the impact of climate change at the poles. IT Technology contributes to develop at a rapid pace Internet connectivity is easy with most able to access on their phones or tablets. IT allows amny to work form home The secotr emplys 1.3 billion people The UK goveremnet is committed ot making the UK the best place to start a technology business. |
Investment in manufacturing Mnaufacturing demand is at its highest level in recent times BMW has opened a new production factory in the UK Clarkes shoes has reopened in sommerset and has created 80 jobs Food and drink is the UK's largest manufacturing centre because the government has lowered corporation tax to make it more attractive for manufacturing |