A Report on a Law Student's Career Goals and the Impact of Brexit

This report analyzes a law student's career goals and the impact of Brexit on their future. The student aims to become an investment banker and plans to leverage opportunities at Aston University. The report discusses the student's perspective on Brexit, including the different deal options: no-deal, ...Read More

Running Head: SUMMARY 0
Summary
(student name)
10-17-2018

SUMMARY 1
For this discussion, a law student was asked about the reason to study law and his future goals.
This student wanted to study law because of his interest in laws applied to business, partnership
firm, and the way businesses are operated. The reason for studying law at Aston University was
that the student parents aspire to see their child studying at one of the popular law university.
Short-term and long-term career plans of the student are very clear and futuristic, according to
which the education was conducted. The student vision is to become an investment banker, for
which the action plan was to take a degree with pride, and will grasp opportunity through “Aston
trading and investment society” in near future.
The student was interviewed regarding the deal of Brexit. The exit of the United Kingdom from
European Union is said as “Brexit.” The nation will officially leave EU on 29th March 20191. The
transmission period will occur when British MEP’s will leave EU parliament, keeping other
things same like migration rights, trade, and EU subsidies. The transmission period will end on
31st December 20202, until then nothing will change. The parliament deals options consist of no
deals Brexit, soft Brexit, hard Brexit, and the chequers deal. In case of No Deal Brexit, the
United Kingdom will not be liable for any rules and regulations of the Union. This could be
advantageous for the country; the control will solely be in hands of the United Kingdom
regarding borders and countries’ own policy of migration will be imposed. Earlier the countries
associated with EU can easily trade and enter another country, which will not be the case with
the United Kingdom any more, after Brexit. There are disadvantages for the same, it can lead to
violence in Northern Ireland, and due to restricted trade, businesses may be affected severely.
Moreover, in case of a hard Brexit deal, it reflects definitive split from the union. Harder the
Brexit, EU features left will increase. The government will have the freedom to set their own
regulations regarding trades such as introducing tariff on products from outside to enter into
Britain. Whereas, Soft Brexit deal consider high alignment between UK and EU like custom
unions, and staying in the single market. However, in Soft Brexit, UK would not be able to make
changes in trade deals with freedom.
The Chequers deal is a Theresa May attempt, which is creating a deal between Hard Brexit and
Soft Brexit. The attempt is to cherry-pick the beneficial parts of Brexit. A common rulebook will
be signed by the government with EU, which will allow continuation of harmonization with the
1 The actual referendum was passed back in June 2016.
2 The European Council (Article 50)

SUMMARY 2
union like avoiding tariffs and border delays. Nevertheless, at the same time, the freedom to
make new trade deals will lies with the UK government. From this deal, Hard Irish border can be
prevented and avoid potential violence through harmonizing EU trade rules. Both EU parliament
and UK were not pleased with the deal. Michel Barnier, the Chief Negotiator, finds this deal
proposal negatively. In case the deadline to create a deal runs out, the Brexit could be delayed or
leads to call a second referendum.