I. Starting up

A. Read the article and comment on the following points:

To make the Britain’s economy more efficient the British government should try to:

· stimulate innovations in economy;

· encourage competition;

· reduce taxes;

· promote exports;

· work for worldwide free trade.

Britain on the Brink: UK Economy Sliding out of the Global Premier League

The UK is facing its most significant economic crisis and contraction in GDP since the Second World War. It is in a worse position to weather the current storms than other G7 states. In this report, BMI assesses the extent of the problem, and the risks facing the current structure of the UK economy over the coming years. The report also gauges how the UK economy can benefit from long-term trends in the global economy.

UK Falling In BMI Political Risk Ratings The UK has fallen 16 places since the start of 2008 in BMI's short-term political risk ratings. It is now ranked 31st globally out of our 150 rated states. Whereas in 2007 it was ranked eighth among its EU peers, the UK has now sunk to 12th position. This is a result of the British government's activities.

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V. Listening and watching: Changing trends on consumer markets.	\|	B. Examine the graph and say which of the mentioned steps are reasonable at the moment (in 2000, 2007).

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