It has received criticism from many members of parliament because of its new cost. Some members of parliament have argued that the costs and benefits of the high-speed railway line continue to decline since it would dig…
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The HS2 railway would be a great investment for the United Kingdom (Cowen, 2011).
Since the railway line will run from London to Leeds and then Manchester, it would ease congestion on Britain’s railway line. However, critics of the projects argue that high-speed railway would not benefit the country accordingly because of the price tag. Despite the opposition, it is rational to argue that the HS2 project is a necessity in Britain. Given enormous growth in freight and passengers, the new line would help ease these problems. Having high-speed railway line in Britain would mean expansion and growth of areas outside London. As discussed in the paper, the HS2 railway line would contribute a lot to the economy of Britain. The benefits of the projects justify the revised costs given its long-term investment (Nash, 2010).
The high-speed railway line in Britain will open up the region and in turn encourage trade among European nations. This project means that Britain has embarked on expanding its international trade, taking advantage of the newly competitive exchange rate to penetrate new markets. It will encourage new foreign investments, expand and ameliorate its tourism industry and improve the education and skills base to continue providing a platform for new employment. In addition, under the Economic Recovery Plan of Britain, the government with the new project will appreciate the role of the public sector in economic growth. The project has also mobilized a variety of cross-public activities, which are aimed at supporting the Scottish economy through the effects of the global recession (Nash, 201).
With the aim of escalating economic recovery in the Northeast England, the approval of the High-speed railway will encourage competition among firms in Northeast England. The project will aim at making the Northeast region a more cohesive, ambitious, and attractive for investment and working based on
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The increase and decrease of prices are not ordinary because as the movement becomes more persistent, the more it delivers significant number of negative consequences. However, the movement of prices is characterized not just to one but to all commodities.
The third section is an illustration of the implication that an oligopolistic banking sector is likely to have over the residents of a nation. The fourth section depicts the situation in Australia where nationals have been immensely protesting against the oligopolistic banking sector and finally the last section summarises the contents of the entire paper.
The governments now working under the Keynesian approach can specifically use the interest rate to influence certain factors like: increasing (decreasing) exports through the devaluation (appreciation) of the currency, increasing (decreasing) the spending in an economy through inflation and prices.
The basic underlying factor behind the formation and implementation of the policy is to ensure that money itself doesn't act as a tool of economic disturbance. This article highlights various key issues faced by Australia in recent times, and helps in understanding the manner in which the central bank's commitment to price stability helps in maintaining a desired a level of inflation by regulating money supply and helping the economy to grow and prosper.
This increase assisted the producers with the capital required for investments to expand their production capacity so that they could meet the future demand. Since demand is on the rise in industry analysts are estimating long term real prices to be considerably advanced than past prices (Port Jackson Partners Limited, 2006).
Several other researchers observed a positive relationship between education and economic development. Although some of the LDCs are also emerging as newly industrialized nations, the differences in per capita GDP can
issues, various journals and news papers such as The Economist Magazine, The New York Times and The Washington Post facilitates the individuals to acquire information regarding such economic occurrences. In this paper, the debate regarding gasoline taxes in the United States, as
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