Brexit and Its Impact on UK's Independence: Pros and Cons
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This essay discusses the impact of Brexit on UK's independence and analyzes its pros and cons. It covers the transition period and the benefits and drawbacks of separation from the EU. The essay also explains the laws affected due to Brexit process for United Kingdom.
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Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Whether the newly achieved independence of united Kingdom is actual or merely an illusion to UK...........................................................................................................................................1 CONCLUSION................................................................................................................................3 References:.......................................................................................................................................4
INTRODUCTION The business law defines to rules and procedure which is required by every organization to follow so that business cab be run efficiently. By authorised bodies the laws are regularised. There are several acts in UK which helps in governing business law some of them involve Employment Act, 1996, Equality act, 2010 etc. To follow employment and business law each organisation is bounded as they are basically formed for the welfare of employees and company as whole. To benefit the employment laws the employees are required to fulfil their duties. These law provides maximum working hours of employees, overtime provisions, minimum pay to employees etc. Further, in earlier UK was governed with European Union but after Brexit, the UK is not bounded to follow the laws of European Union(Buesa, and et.al., 2020). Now, UK has formed its own laws which has to be followed by UK people that are formulated by UK government. After the completion of transition period between United Kingdom and European Union this all commenced. The essay is based on the EU and UK along with its transition period. Further, the essay will discusses whether there is Independence for the UK in real sense after separation from the EU or merely an illusion for the world. Further, several laws are discussed that is affected due to Brexit process for United Kingdom. MAIN BODY Whether the newly achieved independence of united Kingdom is actual or merely an illusion to UK. The Brexit term comprises of two terms British and Exit that defines to the end of existence of legal laws between European Union and United Kingdom. This primarily refers to that UK is not delimited to precede with rules and regulations of EU. With this, UK has become an independent country along with several benefits & drawbacks are related to Brexit procedure in UK. Previously the UK, was liable to follow the rules and laws and bounded to Judiciary made by EU. But, now both Countries are not required to follow of such laws as done in past (Christiansen, and Fromage, 2019). The transition period refers to period which is also called as implementation period in UK terms. On 31stJanuary 2020 Brexit period started when UK left the EU. But in this, both European Union and United Kingdom signed an agreement which specifies certain conditions that is to be followed by the UK. During transition period in accordance to this agreement, UK 1
remained only the member of single market and union of customs. UK, stills follows the rules of EU during the period of implementation. The UK is not required to follow the rules of EU after completion of this period rather than this the UK will formulate its own law formed by parliament of UK. On 31stDecember 2020 there was end of transition period and after that UK become now an independent and democratic country(Greer,and Löblová, 2020).The new trade restrictions were created by the Brexit between UK and rest of Europe along with limits the ability of British Citizens to move as freely around the EU. The negotiators for the UK and EU reached a deal on the two parties new relationship on 24 December 2020 in which EU and UK have set out the terms of this deals in three agreements- Trade and cooperation agreement, the information security agreement, the Nuclear cooperation agreement. During the transition period, agreement comprises of matters such as money, border conflicts, future relations between United Kingdom and European Union. The children of UK are also affected with Brexit due to the reason of educational and social life of people that is suffered by discontinuance of legal relations among countries. The people social life of people is also affected as many of people have to relocate due to discontinuance between countries. The separation created stress in people minds due to which countries are suffering from mental problems. Now, in formulation of new laws for country UK government is required to puts efforts and money for having more skilful people(Latici, T., 2019). There is also creation of burden on both skilled & Unskilled people of country and develops feelings of loneliness in people minds and specifically UK children's due to imbalance and drastic change which hampered the roots of United Kingdom. There is also increase of anxiety in people minds of UK. Moreover, it has taken the symbol of resistance, ignorance and negotiations for people country. To the UK, there are several benefits of Brexit. Firstly, through exit the UK gained its control back to borders of UK as earlier the EU was having control in its hand for these border. The country was enabled in stopping the immigration of criminals in country by its borders because earlier there was no power in European Union hands. The UK was benefited in gaining its control back on its water areas(Morris, M., 2020). The Exit also benefits in creation and formulation of its own money for which now UK has not to depend on European Union for money matters. In country there is circulation of money along with helps in raising standards of country people. This also enhances trade between United Kingdom and Non-European Union countries which is sign for the country development and helping to trade more. Further, there is 2
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increase of gross domestic product (GDP) of country and United Kingdom is empowered by the independent Judiciary because earlier to such Separation UK was bounded to follow up decisions and Judgements of Court of Justice of European Union. Now, in UK there is formulation of own courts therefore, UK is not bounded by laws in order to follow the courts judgements of United Kingdom. There are several drawbacks of Brexit to UK. Its one of the drawback is that negotiation and free trade among the united kingdom and European union will come to end and before such Brexit both the countries were free in doing legal & free trade between them. The custom duty by both of them was not paid when there was the no separation between them. During transition period, after the separation there exist an agreement of free trade between both of the states. After the completion of transition period, hence both the countries are now required to pay the custom duties(Schatz, V.J., 2019). The UK also regrets the assistance they use for receiving from EU before such separation between the states. The UK citizens have to immigrate to UK who were residing in European union due to this separation. For the several immigrants this creates an problem who will to United Kingdom because of such separation. There is also lose of trade relations from the countries in UK that were in contact with UK only because of EU. The UK has to face several problems in order to relocate trade and business(Stoupos,and Kiohos, 2021). Further, European union will lose its one sixth share of Foreign capital only after the separation of United Kingdom and European Union. Therefore, to both the states of United Kingdom and European Union there were economic losses. Henceforth, it has not been clearly provedthat for UK Brexit is good or not because it has several merits and demerits on such separationofcountrycitizens.Hence,UKwillcontinuesurprisingtheglobeaboutthe consequences of Brexit(Usherwood, S., 2019). CONCLUSION From above essay it is being concluded that for UK transition period was very difficult along with the benefits of separation is explained between both states. Further, there is explanation of drawbacks that were faced by the UK citizens. The explanations are also related to differences faced by people during transition period along with compares pros & cons of Brexit. The consequences of Brexit is also analysed which is clearly seen all over the globe along with there is ascertainment of that separation gives the United Kingdom real freedom or not. The advantages and disadvantages of Brexit is useful for some of the citizens and on other side cab 3
be harmful for some citizens as well as organisation. Hence, it cannot be taken as crystal clear decision on such vital and drastic topic. References: Books and Journals Buesa,andet.al.,2020.Brexit:situationandeconomicconsequences.EconomicBulletin, (4/2020), pp.1-12. Christiansen, and Fromage, 2019.Brexit and democracy: The role of parliaments in the UK and the European Union. Springer. Greer, and Löblová, 2020. Networks after Brexit. InThe European Union after Brexit(pp. 146- 161). Manchester University Press. Latici, T., 2019. What role in European defence for a post-Brexit United Kingdom?. Morris, M., 2020. Building a post-Brexit immigration system for the economic recovery. Schatz, V.J., 2019. The international legal framework for post-Brexit EEZ fisheries access between the United Kingdom and the European Union.The International Journal of Marine and Coastal Law,35(1), pp.133-162. Stoupos,and Kiohos, 2021. BREXIT referendum’s impact on the financial markets in the UK.Review of World Economics,157(1), pp.1-19. Usherwood, S., 2019. Getting Brexit done, or getting Brexit done right?.Political Insight,10(4), pp.32-34. 4