This report discusses the impact of Brexit on the UK's new found independence and the operation of parliamentary sovereignty. It explores the role of the European Union in promoting peace, democracy, development, and human rights. The report also examines the implications of Brexit on trade policies and the economy of the UK.
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INTRODUCTION...........................................................................................................................4 MAIN BODY..................................................................................................................................4 TASK 2(Individual report)..............................................................................................................4 Discuss with reference to the operation of parliamentary sovereignty in the UK. In the context of this discussion you should consider if the UK’s new found independence is real or just a façade...........................................................................................................................................4 CONCLUSION................................................................................................................................7 REFRENCES...................................................................................................................................8
INTRODUCTION Business laws and ethics are those laws which is been used in order to run business organization in more effective manner. Business law has helped in making an organization attain sustainability within an organization. Business ethics makes environment of business developed within an organization. In these report things to be covered is based upon Brexit and European Union. In this report both European Union and Brexit is explained in then end justification is provided over Impact of Brexit on UK. MAIN BODY TASK 2(Individual report) Discuss with reference to the operation of parliamentary sovereignty in the UK. In the context of this discussion you should consider if the UK’s new found independence is real or just a façade. The European Union hasbeen playing important role in relation to diplomacy with promotion of human rights, trade, development and humanitarian aid working in relation to multilateral organization. Further European Union has helped in making coordination develop between member’s countries(Key and et. al., 2019). Some important role played by European Union has been explained as follows: Contributor to peace:This is one of the most important roles that have been paid by European Union. It makes conflict solved all over the world resulting making peace to be achieved.In this EU has been contributing in peace at very high level it has made various agreements to be moderated over agreements that made historical agreement over nuclear programs created in more effective manner. EU with the help of other countries like China, France, Germany, Russia, the United Kingdom and the United States has made progress. It has made United Kingdom attain strength in relation to peace making all over the world. EU has also set up committees within countries which are not financially sound in order to help them in terms of building strong agreements. Also EU has made various kinds of talks and rounds conducted which has resulted in making peace to be maintained within UK. EU has been helping in making
countries emerged from political crises by making peace agreements with them. Further EU has been helping neighboring countries. In this EU has been helping in making train Malian armed forces over fighting against terrorism which makes sustainable development created.This is an example of the EU's comprehensive approach which uses all its tools - diplomatic, security, financial and with development cooperation. Through its political, practical and economic support, the EU has played a crucial role in building peace in the Western Balkans since the Yugoslav wars. A responsible neighbor:To the east and south of the European Union lie many countries which have undergone – or are still undergoing – dramatic political change. To accompany their transition to fully-fledged democracy, theEuropean Neighbourhood Policyaims to maintain solidandfriendlyrelationswithcountriesattheEuropeanUnion'sborders.Promoting democracy with good governance has made United Kingdom emerge as one of the super powers in world. Human rights while opening trade and cooperating in many policy areas, including on migration and visa issues are some of the Policy's aims. Development partner:EU is the largest donor in relation over development aid. EU and its member states provide assistance in relation over development criteria set by various countries. Also it has contributed in making food and other basic necessity cities provided to developingtherebasisneeds.ThusEUhashelpeditsneighbouringstateinattaining sustainability by making them achieve goals and objectives set by such countries. Human rights:EU has made human rights a central aspect of its foreign relations and expresses this focus in political dialogues with third countries, in its development policy and aid, and in its participation in multilateral forums, such as the United Nations. The EU also has human rights policy guidelines covering areas such as the death penalty, torture and freedom of expression offline and online. The EU's Instrument for Democracy and Human Rights (EIDHR) enhances respect for human rights and fundamental freedoms in countries and regions where they are most at risk. The right to vote is a human right. Election observation is a vital EU activity which aims to promote democracy, human rights and the rule of law worldwide(Haidt and Trevino, 2017).
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Trading:European Union is world’s largest trading organization and has been helping in making various kinds of trade policies formed within United Kingdom. This made trade relation to be strong over making agreements created over trade policies. This made EU formed stronger policy for making trade agreements created in this negotiation is been done over trade practices in UK. This made EU develop itself as trading system which makes free and faire trading to be made in smooth manner. This is how European Union has helped United Kingdom in developing itself as one of the super power within world. It made United Kingdom attained success with proper framework that made trade policies attain strength. The major part that is impacted due o Brexit is the EU- UK Trade and Cooperation agreement. Also the trade policies formed with EU is been impacted. This made trade to be impacted in more effective manner. This made per capital income of United Kingdom damaged. The effects of Brexit will in part be determined by the EU–UK Trade and Cooperation Agreement which was agreed on 24 December 2020 and ratified by the UK Parliament on 30 December 2020 and was "provisionally" applied by the EU from 31 December 2020. The broad consensus among economists is that Brexit will likely harm the UK's economy and reduce its real per capita income in the long term, and that the referendum itself damaged the economy. Brexit is likely to reduce immigration from European Economic Area (EEA) countries to the UK, and poses challenges for British higher education, academic research and security; the Turing scheme was announced as a new global student exchange programme in early 2021 to combat this. Following Brexit, EU law and the EU Court of Justice no longer have supremacy over British laws or its Supreme Court. The European Union (Withdrawal) Act 2018 retains relevant EU law as domesticlaw, which the UK can now amend or repeal. The 2015 Referendum Act did not expressly require Article 50 to be invoked but prior to the referendum, the British government said it would respect the result. When Cameron resigned following the referendum, he said that it would be for the incoming prime minister to invoke Article 50. The new prime minister, Theresa May, said she would wait until 2017 to invoke the article, in order to prepare for the negotiations. In October 2016, she said Britain would trigger Article 50 in March 2017, and in December she gained the support of MP's for her timetable.In January 2017, the Supreme Court of the United Kingdom ruled in the Miller case that government could only invoke Article 50 if authorised by an act of parliament to do so. The government subsequently introduced a bill for that purpose, and it was passed into law on 16 March as the European Union (Notification of Withdrawal) Act 2017. On 29 March, Theresa May triggered Article 50 when Tim Barrow, the British ambassador to the EU, delivered the invocation letter to European Council President Donald Tusk. This made 29 March 2019 the expected date that UK would leave (EUAsad, 2020). It can be observed that United Kingdom is going to be affected from the Brexit in a way that trade policies are going to be weakening. Also it is going to lose stability within the country.
Further Brexit has made United Kingdom change its various policies or has to amend them majorly. This is also impacting GDP growth of United Kingdom which is directly going to make economy weaken within the country. So, United Kingdom after leaving European Union is going to face lot of difficulties in its survival. CONCLUSION From the above discussion it can be concluded that business law and ethics are those kinds of elements which is required for an organization to develop itself in more effective manner. Further the report covers about BrexitandEuropean Union within it. Since European Union has helped in making United kingdom attain stability at global level. Since Brexit is been followed United kingdom is required to face lot of difficulties.
REFRENCES Books and Journals Asad, T., 2020. 7 Reconfigurations of Law and Ethics in Colonial Egypt. InFormations of the Secular(pp. 205-256). Stanford University Press. Haidt, J. and Trevino, L., 2017. Make business ethics a cumulative science.Nature Human Behaviour,1(2), pp.1-2 Key, T.M. and et. al., 2019. Embedded ethics: How complex systems and structures guide ethical outcomes.Business Horizons,62(3), pp.327-336. Moretti, A., 2019. Navigating the grey areas of law and ethics in ethnography.Journal of Organizational Ethnography. Peterson, E.A and et. al., 2018. Beyond Black Letter Law: Spirituality in the Business Law Classroom.JL Bus. & Ethics,24, p.51. Young, C., 2019. Putting the law in its place: Business ethics and the assumption that illegal implies unethical.Journal of Business Ethics,160(1), pp.35-51.