Impact of Brexit on UK Economy

Individual report

TABLE OF CONTENT
INTRODUCTION.................................................................................................................................3
MAIN BODY........................................................................................................................................3
CONCLUSION.....................................................................................................................................7
REFERENCES......................................................................................................................................7

INTRODUCTION
UK decision to leave European Union, Brexit has been recognised as one of the most
high impactful decision taken by majority in referendum where data and research explains
how the various sectors of economy have been impacted. Report explains various impactful
arenas of decisions by UK economy as faced by the partition from EU, the decline and how it
is recognised as high impactful decision onto which higher gaols are unset for country.
MAIN BODY
United Kingdom has left European Union post the Brexit Transition period and is
responsible for making its own laws which has been recognised as the most historical
decisions in the history of UK political environment.UK new found independence is
recognised as big regret decision within the parliamentary sovereignty. Uk has chosen the
decision to impart from European union which will have large implications on business and
economic aspects being highly disturbed with the changed diameters of laws. Uk being out
of European union will have to impart from all trade laws where European countries are
given various trade advantages with limited tax pays and medium trade funds being utilised
through which companies have been gaining huge advantages. The trade laws currently
operated within UK makes its highly difficult to trade and expand their businesses into
international market horizons. The implications of increased price rates of taxes, high Tarrif
barriers and various other high end business avenues have been drastically affected with the
Brexit decision. UK has been undergoing huge instability within the political scenario where
changed economic situations have led to high degrade and impactful functioning position
through the repressions ( Becker, Fetzer and Novy, 2017). The Brexit decision has been
highly world renowned political decision ads there was major chaos among all countries
where various aspects of choices among people have been faced b y very drastic impactful
periods.
Politically country has been facing very unstable situations through which the
demographic situations and economic scenario has also been largely disturbed. European
countries have vast market of company headquartered within UK through which companies
are facing huge losses and high fall in supply chain as the increased working scenario of
partition from European union has highly disturbed the very fundamental basis of business.
Economically country may also face large losses in economic scenario as there have been
large instable situations, with many companies shutting down their companies within