Brexit and its Impact on Business Law and Ethics in the UK

Business Law and
Ethics

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Task-.......................................................................................................................................1
“The United Kingdom (UK) has separated the European Union (EU) and would once again be
independent to form its personal laws, post of the Brexit Transition period. Few debate that
the UK’s legislature sovereignty was so deep-mined by the EU and that UK has eventually
got back its independence.” ...................................................................................................1
CONCLUSION................................................................................................................................4
References:.......................................................................................................................................5

INTRODUCTION
The business law refers to the law that discusses about the roles and responsibilities that
is to be taken by the business organisation in a country. Moreover, there also lies various
business ethics that are necessary to apply on the business enterprise in order to run the business
in a long run. The business ethics are the ethical duties that must be complied by every business
concern. These duties includes the responsibility of the business towards the environment ,
customers, society and country as a whole(Bickerton and Brack, 2022). The sale of the products
in a appropriate manner with committing any malpractices comes under the business ethics of the
firm. This report would discuss about the sovereignty of the United Kingdom along with its
parliament. Moreover, it would also cover the impact of Brexit on UK and EU. It would also deal
with the pre and post Brexit conditions of United Kingdom.
MAIN BODY
Task-
“The United Kingdom (UK) has separated the European Union (EU) and would once again be
independent to form its personal laws, post of the Brexit Transition period. Few debate that
the UK’s legislature sovereignty was so deep-mined by the EU and that UK has eventually
got back its independence.”
Discuss this statement.
The terminology Brexit has formed from the two terms British and exit. This means that
the Brexit is the separation of the European Union and the United Kingdom. Moreover, the EU
has its own laws that is also applicable on the UK as it was the part of EU during the Pre Brexit
period. Moreover, the detachment of the UK has both its positive and the negative impacts in the
country. The period of the Brexit is also named as the Transition period. This transition period is
of almost an year. The transition period started from 31st January 2020 and ended on 31st
December 2020. During this period, the UK has formed an agreement under which the laws of
EU is applicable on the UK. These laws are to be formulated in order to run the country in an
effective manner. There are various positive impacts of the Brexit. These impacts would mainly
include the independence of UK(Bisciari, 2019). The Brexit has resulted into providing
independence to UK. Moreover, the country has provided with the authority to frame its own
laws for its own citizens. The UK would now be able to control the borders of the country. There
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