Impact of Brexit on British Economy

The assignment discusses the impact of Brexit on the British economy, highlighting the challenges faced by the country after leaving the European Union. It examines how the government responded to these issues, including making new trade agreements with other countries and focusing on increasing employment opportunities. The analysis concludes that Brexit has had a positive effect on Britain's economy, making it stronger and more independent.

ACADEMIC SKILLS

TABLE OF CONTENTS
SECTION 1: PORTFOLIO EVIDENCE........................................................................................1
Week 1. Self- evaluation checklist..............................................................................................1
Week 2. SWOT analysis............................................................................................................1
Week 3. Structuring writing.......................................................................................................3
Week 4. Quantitative Data Analysis..........................................................................................3
Week 5. .....................................................................................................................................3
Week 6........................................................................................................................................3
Week 7........................................................................................................................................3
Week 8........................................................................................................................................3
Week 9.......................................................................................................................................3
Week 10......................................................................................................................................3
SECTION 2 ACADEMIC WRITING.............................................................................................3
Essay...........................................................................................................................................3
Section 2 Reflective writing........................................................................................................4

SECTION 1: PORTFOLIO EVIDENCE
Week 1. Self- evaluation checklist
Skills Do not
know
about this
Find this
difficult/
can’t do
this
Can
partially
do this
Can do
this well
Looking for
information
Identify which books/journals/websites to use ☐ ☐ ☐ ☐
Select relevant parts of a text ☐ ☐ ☐ ☐
Evaluate sources ☐ ☐ ☐ ☐
Using sources
Acknowledge sources of information ☐ ☐ ☐ ☐
Synthesize information from more than one source ☐ ☐ ☐ ☐
Write a reference list correctly ☐ ☐ ☐ ☐
Avoid plagiarism ☐ ☐ ☐ ☐
Planning/ writing
Brainstorm ideas ☐ ☐ ☐ ☐
Plan written work ☐ ☐ ☐ ☐
Link ideas effectively ☐ ☐ ☐ ☐
Paraphrase & summarise ideas ☐ ☐ ☐ ☐
Write an introduction ☐ ☐ ☐ ☐
Write a conclusion ☐ ☐ ☐ ☐
Critically edit written work ☐ ☐ ☐ ☐
Independent
study
Work independently (without lecturers) ☐ ☐ ☐ ☐
Work as part of a (study) group ☐ ☐ ☐ ☐
Oral presentation
Give a presentation on my work ☐ ☐ ☐ ☐
Brainstorm ideas with peers ☐ ☐ ☐ ☐
1

Discuss written work in a tutorial ☐ ☐ ☐ ☐
Deal effectively with questions ☐ ☐ ☐ ☐
IT
Access the internet ☐ ☐ ☐ ☐
Use search engines ☐ ☐ ☐ ☐
Create word documents ☐ ☐ ☐ ☐
Use PowerPoint ☐ ☐ ☐ ☐
SECTION 1: PORTFOLIO EVIDENCE
Week 1. SWOT analysis
Strengths
 I have good Designing skills
 Good knowledge of PHP and other
software is another strong pint of mine.
 I have good understanding about
business activities
 I have relevant Experience
 I am hard working
 I am creative
 My Analytical skills is my strong point
 Strong internal focus on control
Weaknesses
 I am about aware with the Political
changes
 Copy writing
 I have fear of failure
Opportunities
 Globalization
 Young and single
 Flexible
Threats
 Lack of time
 Poor funding
 Quality of products to market
 Changing market condition
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 Get exposed to right company
 Entrepreneurship overload
Discussion to overcome weakness and minimizing threats
In order to minimize fear of failure, I need to attend some motivation seminars which can
raise my confidence and I would be able to perform my work effectively without any fear. I need
to start watching news channels and have to read newspaper daily. In order to overcome from
threats lack of time and funds, I need to communicate with higher authorities. They can suggest
me the right path such scheduling and effective utilization of resources by this way I can be able
to complete project within stipulated time and budget.
Week 2. Structuring writing
1. Introduction
Britain has leaved the European unit and exist from Britain was termed as BREXIT. It
has affected business of UK to great extent. Present study will focus on issues face by country
after BREXIT and impact of this issue on business of the country. Government, public and
private organizations were the key persons in this issue. Report will highlight impact of BREXIT
on business management (Nugent, 2017).
2. Discussion
Globalization is the big term which gives opportunities to firms to run their operations
across the world. BREXIT was the great issue which has affected the condition of UK to great
extent. It has impact on business in positive and negative both manner. After that new trade
agreement have made by government which has increases imports and export of the firm. By this
way entities are able to earn more profit and expand their business. On other hand due to changes
in regulation initially its economic condition was not good and people have lost their
employment opportunities. BREXIT has created opportunities for the firm because they got
chance to enter into the new market and free trade agreement has improved their business
conditions. BREXIT has given chance to business to globally conduct their business. Now they
have opportunity to trade with other countries as well. By this way they can enter into new
nations easily and can expand their business across the world. This globalization is the major
benefit of BREXIT for organizations. This has enhanced employment opportunities in the
country. By this way people now having good income sources and they can live their life easily.
3

From the discussion it can be concluded that BREXIT has initially affected the economic
condition of the UK but later on it has created positive situation for the business those which are
operating in UK (Archick, 2016).
3. Discussion
Organizations of UK has been greatly affected by BREXIT. It is essential for the
company to manage their business well so that they can smoothly run their operations.
Population have lost their jobs which was another main issue of BREXIT. Due to leaving EU
from Britain has initially negatively impact on business unit. Firms was not having trade
agreements with other nations because earlier trade agreement shave been broken by Britain. It
is because people were not having income sources and due to which economic condition of the
nation was badly affected. But Brexit has supported later on the government in making new trade
agreements with other nation. This has supported the organizations in managing their operations
well. They got chance to import or export business with other nations. It has increased revenues
of the firms to great extent. But after that new investors have invested in the nation and new
business got developed which has increased employment opportunities in the UK. Organizational
management has been improved after Brexit because now companies were able to expand their
business, it has raised employment opportunities in the nation. By this way now people are
having sufficient income sources and import and export business are working well which give
rise to foreign currency. But due to BREXIT country has faced problems of increasing conflicts.
From the discussion it can be concluded that BREXIT has increased positive situation for
the Britain and now it has strong connection with developed nation and have made free trade
agreements. By this way import and exports firms are able to expand their business sin other
countries.
4. Conclusion
From the above discussion it can be concluded that BREXIT has affected the condition of
UK to great extent but somehow effective regulations and free trade agreement has supported in
improving its condition again. Companies have got opportunity to globally work and enter into
new market. Apart from this management of firms have been improved by this Brexit issue
because now firms were getting more opportunities to trade with other countries. Britain should
make new free trade agreement with other nations also so that its economic condition can be
improved more (Nugent, 2017).
4

Week 2: structuring writing essay
Planning
Week 1 2 3 4 5 6
First
selectio
n of
topic
Set aim
and
objectiv
e
Collecti
on of
data
Analysi
s of the
data
Finding
and
conclusi
on
Final
submiss
ion
Globalisation
BREXIT has given business opportunities to expand their business and
5

get global presence
Organisational management
BREXIT has helped in improving revenues of firms and managing
business well. New trade agreement has helped in gaining support of
advanced technologies through which organizations can run their
business well.
Week 3: presenting analysing data
https://www.consultancy.uk/news/13280/cfos-more-upbeat-about-business-environment-and-
brexit-impact
Week 3: Written analysis of data
Brexit has increased mergers in the nation and due to which initially spending power of
consumers were decreased. Condition of UK has become more strong after some time
The graph is focusing on spending power, capital expenditures, hiring etc. This data is significant
because by this way overall company's performance can be measured effectively. Purchasing
power of consumers can help in measuring sales revenues of the organizations. The major
difference in performance of the firms were that after BREXIT entities are able to expand the
business but before that they were restricted to conduct operations in limited areas only.
Government of nation should make effective legislation through which new investors can take
more interest in UK and domestic firms can enhance their business.
6

As per the given graph it is shown that 6% people think that it is likely to leave Britain
whereas 48% respondents believe hat it makes no sense because leaving under Britain was
profitable for UK. 15% people think that they do not know about it. Furthermore, 32% answers
believe that it is less likely.
Week 4: Evaluation of sources and critically engaging with texts
Resource type:
(book, journal,
video)
&
citation/reference
Text A Text B Text C
Authority
This website discuss about
workforce planning
consideration. It has
discussed about risk
analysis, Brexit
management capabilities
and recruitment
proposition.
(CIPD (2017) ‘Brexit
workforce planning
considerations’, THE CIPD.
Available at:
https://www.cipd.co.uk/new
s-views/brexit-hub/workfor
ce-planning (Accessed 28th
June 2017)
This website discussed
about impact of leaving
decision of Europe
from Britain on HR
policies
(Jacobs, K. (2016)
‘What does Brexit
mean for HR?’, HR.
Available at:
http://www.hrmagazine
.co.uk/article-details/w
hat-does-brexit-mean-
for-hr (Accessed 28th
June 2017)
This website discussed
impact of Brexit on
business units and their
growth.
(Ross, T. and Meakin,
L. (2017) ‘UK Business
says Brexit already
having a negative
effect’, Bloomberg
Market. Available at:
https://www.bloomberg.
com/news/articles/2017-
02-06/u-k-business-
says-brexit-is-already-
having-a-negative-effect
(Accessed 28th June
2017)
7

Currency Pound Sterling Pound Sterling Pound Sterling
Content Content is good and has
increased understanding
about workforce planning
Content increases
knowledge about HR
issues after Brexit.
It discusses about Brexit
and its impact on
several units.
Accuracy It is quite accurate It is quite accurate It is quite accurate
Audience This content has gathered
attention of Audience
This content has
gathered attention of
Audience
This content has
gathered attention of
Audience
Further notes/
comments
It is impressive website It is good for
researchers
It is good for the
research purpose.
Week 5: Synthesising
Task A
(CIPD 2017)
key idea
It discusses about workforce planning. In order to minimize negative impact of Brexit
organizations need to analysis risk and have to improve their recruitment propositions.
Furthermore, by enhancing management capabilities they can create healthy environment in the
workplace. Role of leaders play significant role in planning this can help in giving proper
response to gap and improving business performance.
Task B
(Jacobs, 2016)
Key idea
8

This article discuss about consequences ace by firms after this Brexit, people lost thei jobs.
Employment laws have been changed. HR consultant have to pay attention on these changes and
have to make such policies through which skilled employees can get retained in the workplace
for longer duration.
Task C
(Ross and Meakin, 2017)
key Idea
This article says about impact of Brexit on business units. It was estimation that after that exist
business conditions will get worst. Firms were expecting to increase their costly. Some of the
members were unhappy with Brexit decision but later on they have given their concern for the
same.
Week 7: presenting assignment
Impact of BREXIT on business management
Introduction
Exist of Britain from European unit was termed as BREXIT. It has affected business of
UK to great extent. Report will highlight impact of BREXIT on business management.
Impact of BREXIT
Negative impact
People lose their jobs
Restriction in trade agreements
Positive impact
New trade agreements
Enhance employment opportunities
Strong economic condition
BREXIT has positively and negatively impact on the business environment. Condition of
nation was initially very poor , people have lost their jobs and they were not having income
sources. But after that government has made new trade agreements with developed nation which
has improved business condition and due to which economic condition of nation has been
improved.
Conclusion
9

From the above study it can be concluded that BREXIT was the great decision it has impact on
individual lives and also affected business performance to great extent.
Recommendation
Government should make new trade agreements with other developed countries.
It should encourage foreign investors towards the nation.
References
Nugent, N., 2017. The government and politics of the European Union. Springer.
Archick, K., 2016. The European union: Current challenges and future prospects. CRS
Report. 44249.
Week 8: Marking criteria
Good
evidence
Some evidence Insufficient
evidence
Knowledge and
understanding of the
subject
A. Demonstrates overall understanding of core
academic skills, evidenced both with the
portfolio tasks and academic writing tasks.
B. Demonstrates independent reading and
research.
C. Has an understanding of conducting primary
research (appropriate to level 4).
D. Has a convincing introduction, arguments/
discussion and conclusion for the written
assignment.
E. Demonstrates an understanding of the subject
material related to programme of study.
Cognitive/ Intellectual
skills
10

F. Clear and logical argument/ discussion and
structure.
G. Shows evidence of applying critical thought to a
range of tasks.
H. Has backed up discussion/ arguments with
evidence.
I. Has evidence of some analysis and evaluation
(appropriate to level 4).
Graduate skills for
Life and
employment.
J. Insightful reflection on own strengths and
weaknesses.
K. Effective written communication skills (e.g. have
they written in an appropriate academic style?)
is the report/essay format successful? Is the
reflective writing appropriately written? Is it
professional?
L. Effective visual presentation.
Strength:
 Strong evidence and clear communication
 Use of secondary resources
 Simple language
Areas of improvements:
 Need to involve primary sources to gather more information about BREXIT
 Need to collect more evidences
 need to enhance analytical skills
Week 9: Post presentation reflection
Your groups’ comment
Content
11

(How clear, complete and
informative was the presentation?)
Group has commented that I has provided clear information
about BREXIT and its impact on business units of Britain. It
was clear and too the topic. But I need to focus more on
BREXIT and reasons of leaving Europe from BREXIT.
Audience Engagement
(How enjoyable / interesting did
the audience find it?)
Audience has enjoyed a lot and has improved their knowledge.
Organisation
(How well-structured was it? How
well did the visuals support it?)
It was well structured and in sequence. There was sufficient
involvement of graphs and pictures.
Professionalism
(How slick and professional was
it?)
I have used professional language and has carried out the
investigation in professional manner.
Your reflection
Content
(How clear, complete and
informative was the presentation?)
I have used clear and simple language. I have provided
necessary evidence which can developed understanding of
learners.
Audience Engagement
(How enjoyable / interesting did
the audience find it?)
Audience was enjoying presentation because I have added
necessary visual effects, pictures into it.
Organisation
(How well-structured was it? How
well did the visuals support it?)
I have prepared the presentation in structured manner but I
need to work more on this presentation.
Professionalism
(How slick and professional was
it?)
It was completely professional work but if I could use primary
sources then it may be more realistic.
Action plan:
 I need to improve my presentation skills for that I should attend some seminar where I can get to
know how to prepare a good presentation.
12

 I need to enhance my professional skills more, for that I should contact with my seniors and
experts those who can guide me well.
Week 10: Self evaluation checklist
Skills Do not
know
about this
Find this
difficult/
can’t do
this
Can
partially do
this
Can do this
well
Looking for
information
Identify which books/journals/websites to use ☐ ☐ ☐ ☐
Select relevant parts of a text ☐ ☐ ☐ ☐
Evaluate sources ☐ ☐ ☐ ☐
Using sources
Acknowledge sources of information ☐ ☐ ☐ ☐
Synthesize information from more than one source ☐ ☐ ☐ ☐
Write a reference list correctly ☐ ☐ ☐ ☐
Avoid plagiarism ☐ ☐ ☐ ☐
Planning/ writing
Brainstorm ideas ☐ ☐ ☐ ☐
Plan written work ☐ ☐ ☐ ☐
Link ideas effectively ☐ ☐ ☐ ☐
Paraphrase & summarise ideas ☐ ☐ ☐ ☐
Write an introduction ☐ ☐ ☐ ☐
Write a conclusion ☐ ☐ ☐ ☐
Critically edit written work ☐ ☐ ☐ ☐
Independent study
Work independently (without lecturers) ☐ ☐ ☐ ☐
Work as part of a (study) group ☐ ☐ ☐ ☐
Oral presentation
Give a presentation on my work ☐ ☐ ☐ ☐
13

Brainstorm ideas with peers ☐ ☐ ☐ ☐
Discuss written work in a tutorial ☐ ☐ ☐ ☐
Deal effectively with questions ☐ ☐ ☐ ☐
IT
Access the internet ☐ ☐ ☐ ☐
Use search engines ☐ ☐ ☐ ☐
Create word documents ☐ ☐ ☐ ☐
Week Goal Action Success criteria Completed when by?
1. To improve
presentation
skills
Attend
seminars, take
expert advice,
read articles
on
presentation.
Feedback from peer
and teachers
10 November 2017
2. To improve
research skills
Use google,
read earlier
articles, take
guidance from
seniors
Self evaluation and
feedback from peer
group
25 November 2017
3. To enhance
technical skills
Coaching,
Use of
internet
Self evaluation and
observation
10 December 2017
4. To improve my
language
Expert
guidance,
attend
language
Feedback from seniors 15 December 2017
5. To enhance
professionalis
m in writing
Take expert
advice, attend
seminars
Feedback from peer
and seniors
28 December 2017
SECTION 2 ACADEMIC WRITING
Essay
Title
The UK's exit from the European Union
Introduction
14

UK's exit from European Union was the burning issue. It departed in the year2016.
Present essay will discuss pro and cons of BREXIT.
Discussion
Government of Europe has made the decision of UK's exit from European union, after
this BREXIT has emerged. Britain is now not a member of European union due to which it
requires new budget to conduct trade. UK was more depended upon EU after this exist country
has to face many issues. It was required to arrange budget and also it had to make new trade
agreements with new countries (Archick, 2016). This has attracted more foreign investors
towards the nation. Initially after this exist people those who were employed under the European
Union firms got terminated from their organization. This has affected the currency value and
economic condition of the nation. After that government has made new agreements and have
focused on increasing employment opportunities in the country. That has increased economic
condition of the region. UK has got benefit and it became able to get faster trade deals outside to
EU. Currently it has 205 free trade agreements with approx. 35 countries. This has increased
import and export business of the country (Nugent, 2017). UK has become economically strong
after this exist decision. As per the report of OBR it is found that BREXIT had positively
affected economy of British.
Conclusion
From the study, it can be concluded that BREXIT has affected the nation in both ways.
But after this exist nation has become able to work independently and it has made new trade
concord. This has improved the condition of the country to great extent.
15