Brexit and Its Impact on UK's Trade and Sovereignty: A Business Law Report

This report discusses why UK has left the ties of EU, how it will affect the ways of trade,will it gain freedom of making again and other pursuance records of the Brexit. It explores the differences between hard and soft Brexit, the legal implications of Brexit, and the challenges faced by the UK in the post-Brexit phase.

Individual report for
business law

Table of Contents
INTRODUCTION...........................................................................................................................2
MAIN BODY ..................................................................................................................................3
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Walking out of the field of the European Union has been meaning to be a difficult task
for the The United Kingdom itself ,The complexity of the procedural work of trade and
organizational agreements which is done within can be shredded , it involves the various types.
The context of free flowing trade , the properties of custom &duties between the lanes of the
united kingdom and the European sideways , UK beyond any reasonable doubts , is putting
preposition on the table, which is of the fair,free competition in the matter of trade (Fennelly,
2018). Looking further it is matter of social security , which is directly effected to the economic
development and social welfare of the country, as the Senator Peter Wilding, says, Brexit is a
mixture of two words , which highlighted the motive behind it , Brexit means ,'Britain exit'
relating to the Britain leaving the trade mannerism conduct of the European union. By the
merging all the economic powers, which stands under the roof of the European union , which has
28 countries in total, , in order to attaining trade growing and the letting the citizens of the
countries to hop from one country to another, the questions remains , if the solid doctrine of the
trade amalgamation with the European union is so well connected why would united kingdom
wanted to leave such a stable network and leave ,will it be doomed or will it rise from the ashes.
Hence, this report will discuss why UK has left the ties of EU, how it will affect the ways of
trade,will it gain freedom of making again and other pursuance records of the Brexit.
MAIN BODY
The underlying bonds of UK and EU has lacking from the beginning, and the severity occurs
due to the many reasons, such as , the ideology status they share, they lessen controls over the
inter boarder so the areas , the kinship ties of the Britain creates a strong net with people who
oppose the European structure which caused the parchment with the approval of the lawmakers
and the intellects of UK , the Brexit postponed , because the comparative process it takes, the
lawmakers divided the Brexit into two parts, the Hard Brexit and the Soft Brexit, the sphere
which favours the hard Brexit, it defines it as , where the UK will withdraws from the stages of
customs from the EU , and the small market in the states where it allows the members of the state
,to trail the trade on its own and while coordinating with other countries (Fitzgerald and Lein,
2018). Where the supporters of the Soft Brexit states, as they still wiling to maintain the trade
facilities with the EU and be in the good books with them, this difference of opinions varies

between the committed souls of the UK, leading the foundations of the country and the intellects
which wants the UK to remain seated with the EU. This whole Brexit procedure have caused a
huge hard cash amount to the Britain , if by any case the Brexit looses the charm and does not
happen , and if the EU will deny to the terms or conditions give by the UK , then they get
themselves a no deal. The position of England is ill-fated at this moment, the caving in can be on
the politically, economically, constitutionally, basis. Escaping from the maintained EU
spaces,has made the UK free in theoretical conduct , not clearly in the practical format (Hughes,
2019).
The understanding segment of the European union, which has been annulled brick by
brick from the heads. Leaving without any remains , in order to make the big picture of Post
Brexit work in a good orderly pace. The formulation of distribution of powers, apparently the
post-brexit phase have been affected the judicial reforms of the country, on the verge of the
jurisprudence motions and other legal aspects. The supreme court and them Court of Justice of
the European union have parted their ways (Banakar,2019). Deducing the statements , it seems ,
that for the betterment of the United Kingdom, it definitely lies in the parliamentary sovereignty
when the absolute power given to the legislation of England . Making the laws for the
development of the country , Overruling the regulations which seals the faith of the country in
the bad shape, No making of such laws which all defined altogether or the which cannot be
revoked under the supervision of the next sitting parliament (Tuck, 2020). Outlining the concept
of the absolute sovereignty, In a way of its sheerness, it was said that for the need of in-blended
sovereignty one may move to North Korea , said by the prime minister John Major.
Laying down major landmark decisions by the house of lords , it pressed down intensive
facts of the case R Factortame Ltd v Secretary of The State of Transport, affirming by the
compelling of the case, it was laid down that the actions of the Parliament cannot override by the
legislation of Europe , furthermore , in the case of Costa v Enel, The Court of Justice of the
European Union adjudicated that, Setting aside of a national must be done if it is conflicting in
nature with the community laws. The supra rulings contains the evidence of the transferring of
the sovereignty en routing to the institutions of Europe and the court of justice of Europe from
the British parliament (Tuitt, 2020). Adding up some more internal cases for providing with the
modifications of the postulates of the sovereignty, In the case of Thoburn v Sunderland City
Council, which carried out all the mandatory elements for swinging a market trader who violated

the Electronic Commerce Directive 2000, by using kilograms instead of pounds , in this case the
Justice ruled various charters and acts which are namely, The Bills of Rights, The Magna Carta,
The Human Rights Act, 1988, The European Communities Act, 1972 and the Scotland Act,1998,
they are opt to be given a privileged status in the Constitution of England, under no
circumstances the protection provided will counterfeit the authoritative sovereign of the
Parliament removing any existing norms of the legislation , in the matters of revocations it must
states in the expressly conduct and can not be in an implied manner And yet again in the HS2
Action Alliance Ltd v The Secretary of the State of Transport, the principles of the British
constitution may bring over success , as the litigants demanded to review the parliamentary
statements, where the court is determined to the EU law to recognized the adequacy of the
parliamentary process , if it is in the violation of the Section 9 of the Bills of Rights 1698 later
the court says, that the directives of EU requires nothing that would result in the breach of Bills
of Rights. United kingdom untangled itself from the rules and regulations of the European
institutions (Hepburn, 2020).
Under the state of affairs where the England have adopted the Brexit, pen down the
words of the Mr. Prime Minister ,.the act of Brexit , will be nothing but more beneficial fur us ,
and flourish the developments of the country, our country will not wreaked any more,
Surrounded by the commands ingredients of the Brexit , Britain will attain :
 Dominating the matter of money , the trade circle , the resources and the utmost
democracy , will be in the hands of the makers of England entirely.
 Overseeing the boarders , waters and resources of the country.
 Freedom of administrating the most quickest and corresponding in which the British
business can run, without the hassle of malfunctions.
 Providing the people with uttermost benefits and the satisfaction of putting their
money into goods hands , where they can get good returns and interest.
 Enhancing the healthcare welfare of the country, where the citizens can reach the
medical facilities easily for betterment (Wincott,2018).
 Developing the virtues , rights of the consumer , the improvement can devoid the use
of predatory pricing ,misproportion of the product , remedies available to the consumer
if damaged happened.

 Achieving a better shape for the environment , the green state for the animals , with
sustainable development in use.
 Globally polishing up its ways for reaching to the notch of the trade deals with
different countries coordination , maintaining relations over globe , helping the Britain
with business tactics and new reformed strategies which can be helpful for economics
as well as social developments.
CONCLUSION
The decision of Brexit after the release of the referendum has affected the European
union as well as the United kingdom , this whole procedure is called out to be as complicated as
a divorce , which requires guarantee for stability which outright to be given by the EU, an
average time-frame of couples of years is in need to sort the subsequent rulings laid down by
both the countries, the groundwork of all the official notifications given to the EU by the UK.
The most derived conclusion is the descriptive character of the country's economy European
Single Market which is the foremost economic gaining space for all the British corporations.
This detachment took a load strike on the financial sectors of England , which includes the
companies present on the land of the queen. Taking a leap the productivity and the commerce
possibility in making is influenced by the agreement which is signed recently , which states that
the European trade spectrum and the regulations of the industries , the negotiation of business
will not apply on the UK as it applies to other countries

REFERENCES
Books and Journals
Banakar, R., 2019. Brexit: A Note on the EU's Interlegality. Transnationalisation and Legal
Actors: Legitimacy in Question. Editors: Bettina Lemann Kristiansen, Katerina
Mitkidis, Louise Munkholm. London, Routledge, Taylor & Francis.
Fennelly, N., 2018, June. Brexit: legal consequences for the EU. In ERA Forum (Vol. 18, No. 4,
pp. 493-511). Springer Berlin Heidelberg.
Fitzgerald, O.E. and Lein, E. eds., 2018. Complexity's embrace: the international law
implications of Brexit. McGill-Queen's Press-MQUP.
Hepburn, E., 2020. Uncharted waters: The social and equality impacts of Brexit. Scottish
Affairs, 29(2), pp.141-178.
Hughes, B.M., 2019. The psychology of Brexit. Springer International Publishing.
Tuck, R., 2020. The left case for Brexit: reflections on the current crisis. John Wiley & Sons.
Tuitt, P., 2020. European Empires in Conflict: The Brexit Years. Law and Critique, 31(2),
pp.209-227.
Wincott, D., 2018. Brexit and the State of the United Kingdom. In The Routledge handbook of
the politics of Brexit (pp. 15-26). Routledge.