Professional Documents
Culture Documents
Nguyen Phuong Anh 10112050 I18S3
Nguyen Phuong Anh 10112050 I18S3
The race for the leadership of the Conservative Party has been heating
up since Ms. Truss announced her resignation on October 20 and
became the shortest Prime Minister in office in the UK, just six weeks.
Her economic plan, also known as the "compact budget", caused
economic turmoil and damaged the Conservative Party's credibility. The
debt-based tax cuts that Mrs.Truss offered did not reverse the economic
predicament facing Britain. Ms. Truss' economic strategy has pushed the
pound to a 37-year low against the dollar, while also pushing up
borrowing costs and government mortgage rates.
1.2. Rationale
Until now, British people have not been able to directly vote for their
new Prime Minister. The appointment of the former Prime Minister, Liz
Truss or choosing a successor to Rishi Sunak is not in the hands of the
British public but only by members of the ruling Conservative Party.
Therefore, this study will help people better understand the views,
thoughts, and attitudes of the British people and more specifically living
in Vietnam towards the new British Prime Minister and his policies. On
the other hand, this study also helps Vietnamese students who are
interested in the politics of the UK to expand their knowledge, helping
them, especially students who want to study abroad, have a better,
deeper perspective on British politics and British people.
The study has five main parts: Introduction, Literature Review, Research
Methodology, Findings and Discussion, and Conclusion. First, the
introduction gives the reader an overview of the political situation in
England. Second, the document review will talk about the differences
between the two presidents Liz Truss and Rishi Sunak. Third, Research
Methods aims to illustrate the research process, participants, and tools
and to describe in detail the methods of carrying out this research.
Fourth, Findings and Discussions include the main parts that the study
needs to clarify, such as British people's attitudes in Vietnam about the
political situation in the UK. Besides, it shows the influence of the
British people when their country is going through an economic crisis.
Last but not least, the conclusion is the study summary. It also shows the
limits of research - the exploration of British culture and politics.
CHAPTER 2: LITERATURE REVIEW
2.1. Introduction
2.2. Definition
Many smaller businesses lack the financial strength (and influence over
their customers/suppliers) to deal with an economic downturn. If they do
not have the habit of saving some money to prevent situations such as
financial crises, especially the financial crisis caused by Covid-19, they
will have difficulties in living and borrowing from banks. As a result,
companies went bankrupt, many people lost their jobs and the country
was hit hard. All businesses can face some of the following problems
during a recession: declining profits, reduced cash flow, disgruntled
shareholders, and poor customer outcomes.
Not solely are customers and business partners outlay less once the
economy is in trouble, but, lenders also are less able to give income (due
to the risks involved). Additionally, customers |to sponsors |to buyers}
might miss payments (or generate late fees), that additional reduces the
quantity of liquid returning through the corporate.
By lowering interest rates, the financial organization puts money into the
pockets of shoppers and businesses – which inspires savers to pay their
money. therefore consumers with variable-rate mortgages pay less to
their supplier every month. Instead, they need that extra stream of
financial gain to spend within the economy. Lower interest rates
conjointly mean businesses ought to pay back less – providing a lift to
the firm’s cash flow. These lower rates also create it cheaper to borrow,
which creates a chance for companies to speculate on higher equipment.
The study will undertake to collect and evaluate the attitudes of British
staff working at the British Council in Hanoi. 10 employees will
participate in this survey.
The qualitative method was chosen for this survey which aims to
understand the opinions and thoughts about the latest English Priminister
of English employees working at BC, Vietnam. I will interview 10
employees, and also give them a survey to analyze the results easier.
50-
Age 20-30 30-50
75
Number of participants 1 6 3
Average Times per week 0 4 7
Never 20%
Everyday 40%
Dissagree
50%
10%
30%
60%
50%
40%
30%
20%
10%
0%
Positive Negative 50/50
50/50
10%
Negative
30%
Positive
60%
4.6 The possibility of income can affect the teacher’s reading news
habit
Never
Everyday
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
CHAPTER 5. CONCLUSION