Unemployment in the UK Essay Example | Topics and Well Written Essays - 1500 words - 2

Unemployment in the UK - Essay Example It is worthwhile to mention the fact that employment and business outlook aggravated in 2007 – 2008 after collapse of housing sector or property market and ‘bursting of speculative financial sector’ that resulted in financial difficulties and a credit crunch like situation. Indeed, the bankruptcies of various small and large financial institutions followed by closures of manufacturing and services sector organisations led to rapid surge in unemployment and economic contraction. In simple worlds, the aggregate demand and supply reduced that in turn resulted in a decrease in productive activities and new employment opportunities for general public. The weakness in economy, consumer buying power and real incomes also adversely impacted relatively strong sectors such as heavy machinery, engineering, arms, information technology, airline industry, electronics and others etc. because of fall in demand from all consumers. Hence, these strong sectors were unable to sustai n their business volume and cut down their employees thereby contributing in unemployment across UK. (Gregg and Wadsworth, 2010) Economists have provided an explanation that the weaknesses in financial system were actually the major reason behind UK economic collapse. Indeed, the dependence of consumers on plastic money (such as credit cards, debit, visa etc.) for spending and purchasing goods and services and decrease in circulation of monetary units is itself noxious for sustainable development and smooth functioning of the economy. Secondly, the role of financial institutions in subsequent growth of non-productive business sectors such as mutual funds, leasing, mortgage, securities and bonds obviously could benefit in short-term growth and expansion of money and financial markets. Indeed, contribution of manufacturing sector in Gross Domestic Product of United Kingdom is barely above 20% whereas services

Information Governance Essay Example | Topics and Well Written Essays - 3000 words - 1

Information Governance - Essay Example Information management deals with the formation, preservation as well as the outlook of information. A company’s records can either be in form of a substantial, tangible item or digital data such as application data, e-mail and database. Historically, the lifecycle of a piece of information was considered to be from the point it was created up until the time of its disposal. However, in the past few decades, formation of data has escalated as much as the issues associated with its regulations and acquiescence, rendering the traditional method of records keeping unable to keep up with the pace. Consequently, the need for a more inclusive platform for organizing data and records became apparent so as to tackle every stage involved the information lifecycle (Hovenga & Grain, 2013). Therefore, the emergence of Information Governance was as a result of a failed traditional method of record management and the need for a better way of keeping information. Many forms of information go vernance have been introduced and embraced by many organizations, internationally, as they have proven to be more efficient and effective than traditional methods. For example, in 2003, England’s Department of Health launched the model of wide based information governance into the National Health Service (NHS). In addition, it distributed version 1 of an online performance evaluation tool alongside a supporting guidance. Currently, the National Health Service Information Governance Toolkit is used by over 30 000 NHS and associated organizations, backed-up by an e-learning platform that has over 650 000 users. Another example is the Generally Accepted Recordkeeping Principles (The Principles), introduced in 2008 by ARMA International. The Principles is meant to recognize the vital features of information governance, and therefore, apply to any