NEW MEDIA ARTICLE ANALYSIS 1

  • Category:
    Business
  • Document type:
    Assignment
  • Level:
    Undergraduate
  • Page:
    2
  • Words:
    1298

New Media Article Analysis

New Media Article Analysis

Article Analysis of Seven Ways Government Could lift the Economy’s Post-Brexit Vote Blues

1. What Is The Article About? What Is It Overtly/Covertly Suggesting?

Katie Allen Media article titled “Seven ways government could lift the economy’s post-Brexit vote blues” (2016 p.5) represents an analysis of the government role to control an economy. This article was published in 2016 when the Bank of England showed limited power to shore up the economy. The report draws attention on the measures the government can use to lift the economies after Brexit. This paper will argue that tax cuts are essential to fire up consumer spending, which accounts for the UK’s economic growth as presented in the article. Before reducing consumer tax, the government needs to carry out surveys how it will affect the economy. In reality cutting business taxes is relevant in response to the Brexit vote.

2. Who Is It Written By/For? (Why Might This Be Significant?)

The piece addresses the government on the measures it can use to control the economy. The article is rather descriptive than analytical on the actions the government can take to control the economy. For instance, this paper will discuss measures such as tax cuts, development of infrastructure, boosting productivity, development of trade, reducing the increase of living wage and delaying the proposed apprenticeship levy as the measures the government can take to control an economy. In this paper, it is equally important to note that the article is significant to the development of the economy. For example, Katie Allen asserts that the government needs to spend more on roads and rail links to allow money flow through the economy (Behling, 2015 p.624). The author states that spending more on infrastructure can lead to employment and development of long-term projects that would yield long-term economic gains.

3. Who Is The Publisher? (Why Might This Be Significant?)

The Guardian is the publisher of the article because the piece appeared significant in boosting the economy of the country. This article states that increasing productivity requires Britain to develop innovative ways by creating new apprentices by 2020. Equally the article is significant in tackling inequality through a provision of employment opportunities in decent careers for all graduates. It is important to note that cutting corporation tax plays a significant role in encouraging businesses to invest in Britain (Allen, 2016 p.5). It is evident to know that reforming capitalism is important to enable all the citizens to benefit from the country’s economy.

4. What Are Some Of The Underlying Assumptions, Values, And Ideologies Found In The Article?

This article provides an understanding of the unit of economics in business to control supply and commodities in the market (Allen, 2016 p.5). The paper argues that in order to catch up with countries which have advanced economies on productivity; the UK needs to determine the productivity of its workers per hour to raise economic prospects. It is important to note that the article ideologies and values are focused on the role of government in improving the economy.

5. Why Did You Choose This Article? What Unit-Related Concepts Does This Article Demonstrate?

The article was chosen because it provides learning guide on how UK government can control the economy after Brexit vote. It is important to state that the article is relevant because it explained how a government could respond to global business changes. The article demonstrates the measures government can use to control the economy (Kassen, 2014 p.52). Overall this section is related business, government, and the International Economy because it relates to economic, political and social changes in a global business environment.

Article Analysis of Three Ways to Grow the Open Data Economy

1. What Is The Article About? What Is It Overtly/Covertly Suggesting?

On the other hand, the article “Government must start talking up the UK economy” (2017p.16) by Allister Heath seeks to address the UK government role to develop the economy. The article tries to suggest the UK government need to start talking up the country’s economy show that it remains open for business. The basis of the argument involves developing ways of slashing corporation tax for profitable firms. In this paper, the piece states that the government needs to find more means of improving the economy and cancel freshly imposed tariffs.

2. Who Is It Written By/For? (Why Might This Be Significant?)

It is evident from the article that the author addresses the UK government how strengthening corporate investment, and housing markets can promote economic growth. The author acknowledges that the government should stop its fears and develop mechanisms on how the state can thrive and grow the economy (Heath, 2017). Equally, the government needs to expand trade and attract more investors as an independent country.

3. Who Is The Publisher? (Why Might This Be Significant?)

The daily telegraph is the publisher of the article. It is significant because it provides ways the government can use to prevent further depreciation of the value of sterling against the dollar. Additionally, the piece tries to state how the increase of expensive import products can improve consumer price index. By promoting the value of sterling, problems of inflation will have been reduced, and the current account deficit will be balanced.

4. What Are Some Of The Underlying Assumptions, Values, And Ideologies Found In The Article?

The underlying assumption of this article is how UK government can manage inflation and developing the FTSE 250 that is essential for a healthy economy. The author tries to emphasize on the impact of post-Brexit in the decline of UK economy. The idea of the piece is that Britain property market can improve as a result of Brexit Credit. To support the claims, the author further asserts that London needs to look at the real estate market in preventing stamp duty and tax hikes (Heath, 2017). In brief, this article provides ways of improving UK economy through a change of current attitude develop a proper vision and increase trade deals.

5. Why Did You Choose This Article? What Unit-Related Concepts Does This Article Demonstrate?

It would be important to state that the article was chosen because it educates on how government can increase economy growth and identify ways of improving products and services. In this paper, the author claim has been supported by the fact that the government needs to spend more time to prevent the cause of harmful effects to the economy (Heath, 2017). In other words, the piece sounds great because it provides ways of improving the value of sterling against the dollar.

However, what is remarkable about the two articles is that the government has a role to play in the economy. Katie Allen managed to present ways in which the UK government can lift its economy after the Brexit vote while Allister Heath seeks to address the reasons why the government must start talking up the economy.

References

Allen, K. (2016). Seven ways government could lift the economy’s post-Brexit vote blues. The Guardian. Retrieved from https://www.theguardian.com/business/2016/aug/05/seven-ways-government-could-lift-the-economys-post-brexit-vote-blues

Heath, A. (2017). Government must start talking up the UK economy. The Telegraph. Retrieved 22 March 2017, from http://www.telegraph.co.uk/business/2016/07/04/government-must-start-talking-up-the-uk-economy/

Kassen, M. (2014). Globalization of e-government: open government as a global agenda; benefits, limitations and ways forward. Information Development, 30(1), 51-58. http://dx.doi.org/10.1177/0266666912473620

Ho, S., & Kueh, Y. (2000). Sustainable economic development in South China (1st ed.). New York: St. Martin’s Press.

Samuels, W. (2005). The Role of Government in the History of Political Economy: The 2004 HOPE Conference Interpreted and Critiqued by the General Discussant. History Of Political Economy, 37(Suppl 1), 393-423. http://dx.doi.org/10.1215/00182702-37-suppl_1-393

Shadbolt, N. (2012). Linked Open Government Data: Lessons from Data.gov.uk. IEEE Intelligent Systems, 27(3), 16-24 http://dx.doi.org/10.1109/mis.2012.23

O’Hara, K., & Shadbolt, N. (2010). Privacy on the data web. Communications Of The ACM, 53(3), 39. http://dx.doi.org/10.1145/1666420.1666437