logo

The Potential Impact of Brexit on Business - PDF

   

Added on  2021-01-01

7 Pages1470 Words447 Views
Political Science
 | 
 | 
 | 
DISCUSS AND EVALUATE THEPOTENTIAL IMPACTS OFBREXIT ON BUSINESS
The Potential Impact of Brexit on Business - PDF_1

Table of ContentsINTRODUCTION ..........................................................................................................................1FINDING AND DISCUSSION.......................................................................................................1RECOMMENDATION ..................................................................................................................3CONCLUSION ...............................................................................................................................3REFERENCES................................................................................................................................4
The Potential Impact of Brexit on Business - PDF_2

INTRODUCTION The term Brexit is abbreviated as British and Exit which is depicting the decision ofUnited Kingdom related to withdrawal from the European Union. This was decided on the basisof votes acquired by majority of British Voters existing in a referendum in year of June 2016dated as 23rd. The main reason of doing so is to make UK independent in terms of commercialactivities, business operations and considering welfare of citizens of the country. According togovernment, after being detached from EU, their nation will become able to improve currenteconomical condition by earning high amount of profits (Dhingra and et. al.,, 2016). In otherwords, they want to be highly developed in comparison to other countries. The main motive ofdesigning present report is to discuss and evaluate the potential impact of Brexit on business incontext of United Kingdom.FINDING AND DISCUSSIONThe results and consequences of British referendum has totally appalled the entire world.On 23rd June, civilians of United Kingdom give their precious votes regarding making theirnation independent in terms of commerce. In context to reach the pre - determined aims andobjectives, governance system of United Kingdom are attempting their best. But it is to be notedthat while going alone in the way of attaining success within corporate world, they are facing somany difficulties. After getting outcome, UK has become the first and only country afterGreenland which have opted to withdraw from the European Union. All pandemonium hadbroken loose with the pound of Great British taken a serious beating, explosion or burst ofgovernmental unrest & looming the uncertainness eclipsing the whole business environs. Thereare various people who have different views and reviews regarding Brexit in which most of thecountry people are in the favour of Brexit which can be identified in the voting of thereferendum. As the dust get settled, (Cumming and Zahra, 2016) has presented a brief look onthe assertable ramifications as well as positive implications of Brexit over business of UK. Thiscan be clearly understand by below mentioned points :Lower Direct Tax : For quelling the concern of the UK losing image and reputation as abusiness hub, George Osborne (Finance Minister) has committed to minimise taxationaffiliated with corporation to less than 15 percent. As an outcome, this give business1
The Potential Impact of Brexit on Business - PDF_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Assignment on What does Brexit mean?
|9
|2578
|13

Impact of Brexit in the UK Assignment
|16
|3530
|34

Impact of Brexit on UK's Hospitality Industry
|9
|2486
|34

Effects of Brexit on UK's Standards of Living
|11
|3838
|257

Impacts of EU Referendum Result on Human Resource
|6
|1442
|30

Brexit impacts on Foreign Investment
|6
|1280
|298