The Case Study: The real barrier to UK exports is the lack of productivity

i. Explain what is meant by “balanced economic recovery”. (4 marks) ii. Why a strong British pound is not welcome in the long term? Explain. (10 marks) iii. Outline at least three possible benefits to the UK economy of the strong British pound. (12 marks) iv. Examine why the fall in the value of British pound failed to have a significant impact on the UK’s exports. (12 marks) v. Assess the likely effects of British companies shifting their production to more high-tech, capital-intensive production methods on the UK economy. (12 marks)