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What Impact does Brexit exit have on different industries in UK?

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Added on  2020-06-06

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(services account for the remaining £12 billion) Under the present-day ‘status-quo’ scenario with the UK as part of the EU, the total cost of this trade in around £73 billion worth of oil and gas related trade (fuel and non-fuel) flows between the UK and therestofworld 2017) Approximately £61 billion of this is related to traded goods, which may be subject to tariffs (services account for the remaining £12 billion) Under the current ‘status-quo

What Impact does Brexit exit have on different industries in UK?

   Added on 2020-06-06

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What Impact does Britexit have on differentindustries in UK?
What Impact does Brexit exit have on different industries in UK?_1
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
What Impact does Brexit exit have on different industries in UK?_2
INTRODUCTIONIn 2013 it is a historic movement when Britain voted to leave European union. Thesefactor has great impact on the exchange rates. Due to this change there was great decline inpounds which is Britain's currency. United kingdom is considered as the leading and best countryto establish business but this fact can be change due to unknown threat or impact UK decision ofleaving European union could have on various organisation operating in UK and Britain.The study have focus on analysing the impact of Brexit on different industries in Unitedkingdom.MAIN BODYThese factor have great impact on various industries. It has direct effect on the growth,success and profitability of various firm. Some industrial sector that have been affected by Brexitare:Energy and procurement sector-These factors have great impact on the renewable and lowcarbon energy policy. The United kingdom country has got freedom from renewable energytarget that was framed by European union under the policy of Renewal energy directive and UKenergy and procurement sector also get released from EU state aid restriction. Industry UnitedKingdom got freedom as well as potential to design renewable energy support regimes. But thecountry may face difficulty in raising funds for investing in such energy projects that requirehuge capital investment such as offshore wind. United nation is obliged to essentially minimiseits dependency on traditional resources of energy by 2020.(Armstrong, 2017)Around £73 billion worth of oil and gas related trade (fuel and non-fuel) flows betweenthe UK and the other parts of world. Approx. 61 billion pound of this is related to listedproducts, that may be taxable to duty in form of tariffs. (services account for theremaining £12 billion) Under the present-day ‘status-quo’ scenario with the UK as part ofthe EU, the total cost of this trade in around £73 billion worth of oil and gas related trade(fuel and non-fuel) flows between the UK and the rest of world Approximately £61billion of this is related to traded goods, which may be subject to tariffs (services accountfor the remaining £12 billion) Under the current ‘status-quo’ scenario with the UK as partof the EU, the total cost of this trade in goods is around £600 million per annum(Staffell, 2017.)1
What Impact does Brexit exit have on different industries in UK?_3

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