The Impact of Brexit Related to Large Businesse
Added on -2021-02-21
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The impact of Brexit related tolarge businesses
Table of ContentsTopic - The impact of Brexit related to large businesses.................................................................1The impact of Brexit related to large businesses.............................................................................1REFERENCES................................................................................................................................4
Topic - The impact of Brexit related to large businesses.What is Brixit Brexit is made by two words “British exit”. It is refers to UK leaving the EU and theEuropean market with few or no deals. It is refers to the possibility of Britain withdrawing fromthe European Union (EU). The reason behind the Brexit is that the European market is affect theeconomy of UK as it decrease the GDP, market and overall economy so the decision is taken bythe government to improve the economy. The impact of Brexit related to large businessesAs per the view of Billing McCann and Ortega-Argilés, (2019) It is clear defined thatBrexit has caused major uncertainty regarding British politics, but it must also be made clear thatthe exit from the European Union is also creating the possibility of major economic and financialdifficulties. Therefore, the impact of Brixit related to large business In board terms, there aremany factors which negatively and positively affects business. Grater long term economic growth rate According to Lesort and Camp, (2019) it is stated that EU economy is not high ascompare to other as it has dismissal record. Thus, when UK exits the EU, the best advantage forthe UK companies is that they have opportunity to expand their business in UK market as well inEu market so it would be for its long term economic growth. On the other side, Many business ofUK have disadvantage when UK leaving the EU the cost of move its headquarters out of the UKit could be increase. As the strategy and procedure will change so the decision making processwould be delayed so this creates the negative impact on large organizations. For example, Brixitis creates the negative impact on apple because the cost of establish and transfer the branch andadministrative office would be increase because travelling and labour cost is arises so it createsthe negative impact on the business. UK exports will take a hitAs per the view of Li, (2019) it is stated that when uk is leaving to the EU, the businessof UK is affects because UK exported £133 billion worth of goods to the rest of the EU, which isalmost equal to half of global goods export and it creates the negative impact because when UKleave Eu they cannot make huge export and hit export business of the uk. On the other side,when UK leave EU so the value of pound would be decrease so when organization import anyraw material it creates the negative impact because it would be expensive for the large1
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