Business environment Essay Example | Topics and Well Written Essays - 250 words

Business environment - Essay Example The UK is experiencing an increasingly ageing population which means that there will be a corresponding rise in demand for products targeted to this demography such as medicines, fashion and accommodation (Gillespie, 2007). On the converse, companies will experience increased costs in the form of pension payments to staff that are living longer. One strategy that firms are using to tackle the rising pension costs is to tap into this labour pool of older employees, by keeping them on the job longer. Of note also it that the ageing labour is being replaced by UK high net immigration trend that is the largest in Europe (Walayat, 2010). Economy Watch (2010). The Economy of the UK, GB, British Isles (or Whatever You Want to Call It!). [Online]. 30 June 2010. Economy Watch. Available from: http://www.economywatch.com/world_economy/united-kingdom/. [Accessed: 2 January 2012]. Elliot, L. (2011). George Osborne given stark warning on cuts’ impact. [Online]. 12 September 2011. The Guardian. Available from: http://www.guardian.co.uk/business/2011/sep/12/george-osborne-warning-cuts-impact. [Accessed: 2 January 2012]. Walayat, N. (2010). UK Population Growth and Immigration Trend Forecast 2010 to 2030. [Online]. 2 August 2010. The Market Oracle. Available from: http://www.marketoracle.co.uk/Article21565.html. [Accessed: 2 January 2012]. Weldon, D. (2011). The really big question in UK economic policy: What are low gilt yields telling us? [Online]. 20 December 2011. ToUChstone blog: A public policy blog from the TUC. Available from: http://touchstoneblog.org.uk/2011/12/the-really-big-question-in-uk-economic-policy-what-are-low-gilt-yields-telling-us/. [Accessed: 2 January