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Post Brexit Business Environment

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Added on  2020-04-13

Post Brexit Business Environment

   Added on 2020-04-13

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Running head: POST BREXIT BUSINESS ENVIRONMENTPOST BREXIT BUSINESS ENVIRONMENTName of the StudentName of the UniversityAuthor Note
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1POST BREXIT BUSINESS ENVIRONMENTExecutive SummaryThis report throws light on the post Brexit vote environment of the United Kingdom. AfterBritain decided to vote out of the European Union in 2016, there were several impacts on thebusiness environment including the political, legal and economic environment of the nation.Some recommendations to cope up with the change have been given.
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2POST BREXIT BUSINESS ENVIRONMENTTable of ContentsIntroduction................................................................................................................................3Discussion..................................................................................................................................3The United Kingdom..............................................................................................................3Brexit......................................................................................................................................3The Impact of Brexit..............................................................................................................5Preparation for the changed environment:.............................................................................7Conclusion..................................................................................................................................9References................................................................................................................................10Appendix..................................................................................................................................11
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3POST BREXIT BUSINESS ENVIRONMENTIntroductionThe business environment of the United Kingdom is market oriented and highlydeveloped. Being the fifth largest economy in the world, it is the tenth largest exporter ofgoods and fifth largest importer in the world. However, when the vote for Brexit had beenconducted, this announcement changed the business environment drastically (Dhingra et al.2016). The political, legal and economic environment was adversely affected the aim of thereport is to analyze the political, legal and economic environment post the BrexitAnnouncement in the United Kingdom. Recommendations with reference to the alternativesavailable to the business has also been madeDiscussionThe United KingdomThe UK is one of the most globalised nations and is comprising of the economies ofScotland, Northern Ireland, England and Wales. The service sector is the dominating sectorof the UK economy and it contributes to around 80% of the GDP (Economics 2016). Thefinancial industry is considered to be the most important with London being the world`sbiggest financial sector. The pound sterling is the currency of UK, which is considered one ofthe ten largest industries in the world.BrexitThe Great Britain had been a member of the European Union since 1973. However,there have been certain crises that have shaken the confidence of the Great Britain in theEuropean Union. The conservative Prime Minister of Britain, David Cameron was worriedabout the United Kingdom Independence party, hence, to gain the confidence of anti-
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