European Union: Influence of the European Government on the UK business climate BTEC Business Unit 1 P4 Learning objectives • Outline the role of government in creating the business climate (p4) • Be able to describe the role of the European government in creating the business climate • Success criteria: Create full bank of notes to write up as a report. First Task • Google challenge – use the worksheet find the terms – you have 10 mins!!! • Timer: http://www.onlinestopwatch.com/rocket-timer/full-screen/ The answers! • • • • • • • Letters of the EU – European Union EU started in 1991 27 Countries are in the EU Yes the UK is in the EU 3 Others from: (next slide) Single currency is the Euro Benefit is not changing money up - so smooth business transactions, encourages trade between countries http://www.bbc.co.uk/learningzone/clips/theeuro/8575.html (video on benefits of the Euro) • • • • • • • • • • • • Austria Belgium Bulgaria Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hungary • • • • • • • • • • • • • • • Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Poland Portugal Romania Slovakia Slovenia Spain Sweden United Kingdom Second Task • Make notes on your worksheet to help you write up your report: What is the single market? • Access to 500 million customers over 27 countries (rather than just the 60 million in the UK) • Free movement of good between borders of 27 countries – no payments to import or export makes trade very attractive • Free movement of workers between countries – helps govt objective of full employment • Grants for poorer countries to help them trade What was the Maastricht Treaty of 1992? • Started the EU • Created the Euro • Written to protect the rights of all employees in all 27 countries • Social Charter – Minimum wage – EU citizens can work in any EU country – Max 48 hour working week Advantages and disadvantages of being part of the EU Advantages • Social Charter protects the rights of employees • Access to large single market Disadvantages • European Parliament brought in lots of tough laws: • EU food labelling not allowed to say 8 rashers or a dozen eggs must sell through weight! http://news.bbc.co.uk/1/hi/world/europe/764 • Jam only jam if it has sugar in 305.stm it • Can’t sell straight bananas http://www.dailymail.co.uk/news/article• Threatens to call UK Chocolate 1289882/EU-ban-selling-eggs-dozenShopkeepers-fury-told-food-weighed-sold“Vegelate” kilo.html Report • Write up all your notes • Use lots of images • Title is: Influence of European Government in creating the business climate