Brexit Issue and Opportunities | Assignment

Added on - 02 Feb 2020

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TABLE OF CONTENTS1.0 INTRODUCTION.....................................................................................................................12.0 PORTFOLIO SECTION 1.........................................................................................................13.0....................................................................................................................................................2REFLECTIVE WRITING...............................................................................................................34.0 SECTION 2................................................................................................................................3Primary Research Methods.........................................................................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
1.0 INTRODUCTIONThe United Kingdom withdrawal from the European Union was the major issue occurredin June 2016. It was known with the name of “Brexit”. UK was the first country who applied forEuropean Economic Community (EEC) in the year of 1961 (Begg and Mushövel, 2016). 30million people voted for the decision, the term of hard Brexit explains that UK can trade with EUas non member country as per the regulation of world trade organization. In the term Soft, it caninvolve retaining membership with the country. Prime minister Theresa May announced thedecision that government will invoke Article 50 of the Treaty on European Union. Governmentand Mr. may were the key persons for this judgement. Present assignment will discuss the uponthe Brexit issue and opportunities related to this issue for the UK in portfolio1. In the portfoliosection 2, report will focus on SWOT analyses of researcher and will illustrate the quantitativeand qualitative data analysis.2.0 PORTFOLIO SECTION 1Brexit was the key issue as it was argued that EU failed to meet with the needs ofeconomic and due to this since 2008 EU was facing economic problems. As the majorexample was that in southern Europe 20% people were unemployed. This was affectingthe income level of the persons thus country was facing financial crises and EU wasunable to handle this issue effectively. Monitory policy was the key issue Euro zone wascontrolling over the Britain (The global implications of Brexit. 2016).Currency volatility was harming the situation of the country. This will impact positivelyon UK as it will be able to formulate its own polices which can increase liquidity in thecountry. By this way employment opportunities will get increased in the UK. This willenhance value of currency of the nation (What Is The Brexit? Key Issues Explained, HowTo Get Results And Everything Else You Need To Know. 2016).This decision will create great opportunities for the country and there will be growth inthe business performance. Liquidity will get raised so that companies will be able to takeloans and will be able to expand their businesses. More employment opportunities will beavailable for the public, small firms will be able to contribute in the development of theUK. UK will be able to formulate its own fiscal and monitory policies so it can be betteerresults to the nation (paper discussing the United Kingdom’s relationship with Europeand the impact of ‘Brexit’ on the British economy.. 2016).1
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