Contemporary Business Environment: Brexit and its Impact

Contemporary Business
Environment

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY ..................................................................................................................................3
CONCLUSION................................................................................................................................7
REFRENCES...................................................................................................................................8

INTRODUCTION
Contemporary Business environments are increasingly dynamic and competitive. For coping
with changes in new concepts for controls of accounting must be accessed for the fat pace of the
economic changes. Thus, reliable and logical strategies of business and utilization of accounting
for management are necessary tool for the company to support plan, decision-making and
control.
Brexit is the withdrawal of United Kingdom from European Union. A referendum from
June 2016, in which 51.9% votes are given for leaving the UK. The study includes the debate of
Brexit, describing current position of the Brexit in UK. Defining the Brexit with its obstacles
which are faced by UK in approval of Brexit. The value and consequences of Brexit. Further the
study carried forward with effect and future of Brexit with import industry UK. The report ends
with the disadvantage and advantages of Brexit.
MAIN BODY
Debate of Brexit -
A Portmanteau of words “Britain” and “exit,” whereas Brexit is the shorthand for
Britain's disunited from European Union, changing its relationship to bloc on security, trade and
migration. The debate by Britain explains the pros and cons of their membership in the European
community almost when the idea was developed. The first vote on membership done in 1975
after wards it is named as European Economic Community. After the three years of joining, 67
percent of voters are meant to be in bloc(Popkova, Chechina and Sultanova, 2016).
Prime Minister David Cameron in 2013, has promised the national voter by offering the
idea of remain or leave with the European Union Membership. On 23 June 2016 , Britons voted
as a crisis occurs during the migration which had become a political issue across Europe and the
leave campaign has further moved on and thus Brexit won by 52 percent of voting. Particularly
almost all the voters in Wales and England from smaller cities and rural areas supported Brexit.
Current Position of Brexit -
The date of Brexit is set to be delayed till 31 January 2020 after the consent of UK's
request for extension by EU. The bill is to be gone through the parliament as Prime Minister