Brexit Impact on Businesses

BREXIT IMPACT
BUSINESSES

Table of Contents
INTRODUCTION...........................................................................................................................1
Findings and Discussion..................................................................................................................1
The advantages of Brexit for UK and how STEMCOR might benefit from it: .........................1
The disadvantages of Brexit for UK and how STEMCOR might find its hard for its
organisation to thrive...................................................................................................................2
What overall changes the businesses will see and their impact on them....................................2
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
UK's exit from the European union has been proved both positive and negative for the country.
The country has suffered with its businesses and its overall association with Europe. The
European Union provided Great Britain with a lot of benefits that might in case of Brexit will be
gone. The below essay discusses and evaluates the impacts of Brexit on various Businesses. The
advantages and disadvantages of leaving the European Union for UK. How different factors such
as Trade, Investment, Sovereignty, Immigration, Jobs, will affect the United Kingdom and how
the steel giant STEMCOR is being affected with all these factors along with Brexit.
Findings and Discussion
The advantages of Brexit for UK and how STEMCOR might benefit from it:
• Political and Social – The exit of UK from European Union has caused its termination
from membership in the protections and democratic independence which it gained while
its association with the union.(Razminiene and Tvaronaviciene, 2017) This factor might
cause and prove itself as a hurdle for STEMCOR in its business for a long time. The
organisation has to suffer with its supplies and production in European Union and
worldwide but after sometime it will lead the organisation towards tremendous benefits.
The political part would open more opportunities for STEMCOR to develop its business
which were blocked because of the strict EU laws, also, it would help the organisation to
grow more freely. STEMCOR now can take open actions to make its organisation grow
without being interrupted from any political domination.
• Economic: Though Britain's exit from European Union has been proved bad for its
economy, yet there are various economical advantages that United Kingdom and
STEMCOR would be observing in the near future. These might lead the organisation
towards growth and better performance because of less taxes and open financial market.
• Being able to make trade deals: Due to the strict law and Union's challenges
STEMCOR has to face serious troubles whenever the company wanted to make trade