Post Brexit and Changing Global Landscape

Added on - 28 May 2020

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Running head: POST BREXIT AND CHANGING GLOBAL LANDSCAPEPost Brexit and Changing Global LandscapeName of the StudentName of the University
1POST BREXIT AND CHANGING GLOBAL LANDSCAPEExecutive SummaryBrexit stands for the Britain’s decision of exiting the European Union taken in June 23, 2016through referendum. This decision was taken through public vote due to the limitations faced bythe UK population in their free movement. The focus of the report was on the trend of thecommonwealth trade and the impact of Brexit on the financial sector. The report identified thatthe impact of the event is likely to impact on the commonwealth trade, where the multinationalfinancial organisations are will receive significant blow due to the economic slowdown. TheBritain is now to think of the post Brexit trading policies and taxations that will attract theinternational finance organisation for helping UK to grow.
2POST BREXIT AND CHANGING GLOBAL LANDSCAPEContentsIntroduction......................................................................................................................................3Trends in Trade of Goods and Services between Commonwealth Countries.................................4Commonwealth Trade with UK...................................................................................................5Effect of Brexit on intra-commonwealth trade with UK.............................................................8Impact of Brexit on trade and investment in Finance Sectors of UK..............................................9Post Brexit Challenges and opportunities in MNE in Finance Sector...........................................11Recommendation and Conclusion.................................................................................................13Reference.......................................................................................................................................15
3POST BREXIT AND CHANGING GLOBAL LANDSCAPEIntroductionBrexit stands for the Britain’s decision of exiting the European Union taken in June 23,2016 through referendum. This decision was taken through public vote due to the limitationsfaced by the UK population in their free movement. Value of the free movement of theimmigration resulted in limiting the accessibility in the countries under the union. This had overpowered the monetary benefits received by UK. The parties are under two years of negotiationfor determining the relation of UK with the EU for the post Brexit period, which is scheduled on29thof March, 2019 (Hunt and Wheeler 2018). The decision was indeed shocking for thepolitical elite of UK, leaders of EU and the EU bureaucracy itself. Moreover, this event is likelyto draw some consequences for both UK and EU. The first consequence that can be identified isthe political unrest between both the parties. This can lead to an acrimonious tug of war betweenthem from the political stance. The financial market on the other hand will be effected and makeit vulnerable for over 19 nations under EU. This can be directly related with the trade. The exitwill redefine trade policies between UK and other EU members as the EU members enjoy freetariffs on import and export of goods (independent.co.uk. 2018). Moreover, a large number ofpopulations of both the parties are living across the member states. Brexit is likely to causeimmigration of the population to their origin, which has further implication on the financialsectors of the parties. This will also cause a recession in the market, as the people are likely tolose their jobs. Over three million EU populations is employed in Britain alone, who are likely tolose their job if the trade and investments are ceased between EU and UK after Brexit. Thisreport will further identify the trade of goods and services between the commonwealth countriesand the possible impact of Brexit on the trade and investment in finance sector of UK. The
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