Brexit Deal: Impact on United Kingdom's Business and Economy

INDIVIDUAL REPORT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................2
MAIN BODY..................................................................................................................................2
Analysis of the Brexit deal..........................................................................................................2
CONCLUSION................................................................................................................................5
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INTRODUCTION
Brexit refers to a deal between the United Kingdom and the European Union. The treaty
of United Kingdom leaving the European Union is referred to as the Brexit Deal. After the Brexit
Deal, the opinion of the people across the world towards this decision states the now the United
Kingdom will be free to make their own laws. It is stated that, Earlier, the European Union was
dominating and used to undermine the sovereignty of United Kingdom. However, the present
report will be presenting arguments that discusses both the aspects of the European Union i.e.,
whether the United Kingdom has been benefitted by leaving the European Union or has been
impacted negatively. used to undermine the sovereignty of the United Kingdom.
MAIN BODY
Analysis of the Brexit deal
The Brexit deal i.e., United Kingdom leaving the European Union is a conflicting
situation. There are various people that argues that leaving the European Union has helped the
United Kingdom in regaining their power and authority to make several laws and regulations
within the country. However, it is very difficult and complicated to state whether the United
Kingdom has been benefitted from the deal of Brexit in terms of getting the freedom to make
their own rules and regulations within the country or not (Hix, 2018). The deal of Brexit has
been found helpful to the United Kingdom in certain ways, but on the other hand, it has affected
the country negatively too. Even though, the Britain has left the European Union, but still the
country follows several rules and regulations which were developed by the European Union.
However, now, the United Kingdom has the power to make its own decisions and decide on their
own what is good or bad for the development of their nation.
The major advantages of the Brexit deal with respect to the United Kingdom involves
fewer restrictions from the European Union, enhanced opportunities of growth for the company,
the opportunity to make decisions on their own, the ability to make international trade
agreements without having to take permission from the European Union, recovering from the
fees charged by the EU, less divisions within the society. The exit of Britain from the European
Union has found to be effective in certain ways as it allowed the government of the United
Kingdom to open the doors to different opportunities in front of them. The exit of United
Kingdom from the European Union allowed to the government to develop their own policies
with respect to the rules and regulations operating within the nation, health policies, employment
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