Business Law: Comprehensive Report on Brexit's Impact on UK Businesses

This report provides a comprehensive analysis of the impact of Brexit on UK business law. It begins with an introduction to business law and the term 'Brexit,' defining its implications for the United Kingdom's withdrawal from the European Union. The report delves into the pre-Brexit era, highlighting the benefits of the EU's single market, including free movement of goods, services, and people, as well as the rights enjoyed by UK citizens under EU law. It then examines the post-Brexit scenario, detailing the economic and political variations that have occurred, including the Trade Cooperation Agreement, changes in immigration policies, and the impacts on trade and future cooperation. The report also discusses the implications of Brexit on various sectors, including education, energy, science, and deals with non-EU countries, concluding with an overview of the challenges and opportunities facing the UK in its post-Brexit landscape. The analysis incorporates references to relevant books and journals, providing a well-rounded perspective on the subject.

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
PRE BREXIT ERA.....................................................................................................................3
POST-BREXIT: UK GOT ITS INDEPENDENCE....................................................................4
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
The term business law refers to set of rules and regulations in the form of agreements,
conventions, enactment of nation and foreign land which governing the dealing among persons
in mercantile subjects. It is also known as commercial law. The term brexit is made up from
combination of two words Britain and exit which means withdrawal of European Union
membership by the United Kingdom. It process of withdrawing mention in Article 50 of treaty of
European Union by member nations. The process was started in 2017 by making official
notification to European council by the United Kingdom of its intention to leave end the
membership of united nation. In transitional period continuous communication takes place
between them regarding future relationship (Freedman and Loutzenhiser 2022). Like negotiation
made on European atomic energy community and the European union on trade and cooperation
agreement. This report deal with pre and post effect of brexit on UK.
TASK
PRE BREXIT ERA
The EU provide single market facility to its member nation which provide variety of
goods, services which helps in making money and people can move freely throughout in member
nation of EU because of easy move citizens of EU have the right to study, work or retire in any
EU nation. As member of EU enjoy same facilities as its own citizens regarding employment,
social security or tax purposes. To prevent the fluctuation in currency euro use by citizen of EU
which boast single market. As per the treaty on the European union citizen of EU and its legal
resident have vast range of rights in several field as per EU laws. Before brexit UK enjoy
personal, Social, political, economic rights as per the charter of fundamental rights being a
member of EU. Member nation have right to employment they can work in any member nation
and enjoy basic rights relating to health and safety at workplaces, equality in opportunity and
protection from discrimination (Martill and Sus 2018). UK also enjoy digital right in which
person rights and information was protected under data protection and privacy law.
Consumer rights are protected by EU by which consumer are feel secure they get their money
back in case of wrong delivery of item because of strict standard of goods and services. UK
enjoy the status of world's stringent standard of good regarding quality and safety. When UK

was member of EU it comes under the category of world' largest exporter of finished goods and
services. And benefit of free trading among its members was provided due to single market
policy. Its helps in protecting against downside of globalisation because of membership which
support small businesses and make assure big companies pay their share. As EU have prime
status in global trade because of free movement. Regarding food products its come under best
quality standard health protection is the motto of law made by EU. It also concern about nature
so, for environment protection they produce the good keeping in mind the minimum risk to
climate, flora and fauna, and health. UK acting as a unison which have voice on world stage
which provide donation for progress assistance and work jointly for promoting good governance,
poverty, malnutrition, preserving natural resources. UK being a part of EU follow the guideline
of human right policy covering the matter like death punishment, torture and liberty of
expression. Like the instrument for democracy and human rights states about human right and
freedom in nation where they are most in peril. EU provides help to nations and population
within Europe in case of humanitarian emergencies. Like during the period of pandemic it
supports a lot in terms of medical aid and financially (Menon and Salter 2016). The EU
collaborate with governments of member countries apart the processing world along with civil
society and international bodies.
Like in Haiti the EU gives a number of various forms of aid and development aid which help the
country in developing resilience, resolve cognition weaknesses and bring temporary relief to the
most assailable. The EU has furnish Haiti with €419 million(approx.) to help in give right to life-
saving health facilities, administer emergency protection in camps and host families, provide
access to clean water and sanitation facilities, parcel out food, take a preventive steps against an
increase of malnutrition, happening of epidemics and pandemic and actual civil unrest, bring
down vulnerability in camps, lays down primal warning systems and reinforce shelters and
architecture against recurring hurricanes, floods, and other natural hazards. As a part of EU the
united kingdom also taking the advantages of such facilities.
POST-BREXIT: UK GOT ITS INDEPENDENCE
After UK left EU major economic and political variations occurred in the state. Under the
conditions of negotiated divorce deal, UK is now in partnership with 27 countries cooperating
different aspects of economy. The Trade Corporation Agreement is entered which allows for

tariff-less, ratio-free entry to each other's marketplace for goods but not for work or personal
services. It also envelopes future contentions , fishing benefits, and competition on issues
including security. Discharged from EU commercialism and "free motion" regulations, the UK
has been presenting its own plan of action on commerce and immigration just as the EU now
does respecting British people. Other modifications impact people, movement and enterprises.
EU people who are already residing in the United Kingdom and Britons residents on the
landmass have the freedom to stay but it is contended that complex paperwork, documentation
and registration process has created uncertainty for them.
Other areas which have been impacted are as follows:
 Free Movement and Immigration
EU nationals now doesn't have the right to settle in UK or move freely too nor the UK citizens
are allowed to do so without restrictions. The right to freedom is lost from January 2021 which
means that the absolute right which the citizens possessed has no become conditional. Cross-
border travel and private rights are also limited now. The preferential treatment which was given
to EU in immigration is no longer available as UK is now implementing new immigration
regulations.
 Trade and Future Cooperation
Post Brexit there have been constant tries from London and Brussels to reach an agreement on
the future relationship of UK-EU which failed leading to their reversion to traditional
international rules and leaving the other determinations affecting the business in Limbo. Now the
future cooperation is finally achieved with TCA which was long stuck until 2020 Christmas Eve.
The obstacles like EU fishings rights in waters of UK and fair competition ensured by safeguards
were removed with time to pave the way for this deal (O'Rourke 2019). This all came during the
COVID-19 pandemic and the sterling economic juncture in Europe after World War II. This
called for global cooperation and acts to ease harmful problems, not aggravate them.
 Supervision and Dispute Settlement
A associated Partnership Council is to be formed under the transaction to oversee its practical
application. It has typical representation from both sides which will have meeting at least once a
twelve month, and has the authority to alter parts of the trade if issues come to knowledge A
distinct arbitration and conflict settlement mechanics is framed, which does not be dependant on
EU law and involved no role for the Continental Court of Justice.

 Education, Energy and Sciences
Scientific group action proceeds with the UK still a contributing associate of the EU's Horizon
Europe system for 7 years. It also stays in the EU's Globe observation promulgation Copernicus
and the atomic energy arrangement (Virdee and McGeever 2018). However, UK is not the part
of EU's student program and Erasmus and left this to form the turning scheme which is UK's new
initiative towards international studies.
 Deals with non-EU countries
Post-Brexit, the autonomous trade deals are started by the UK to move a self-directed trade
policy. The British authorities has been operating to "roll over" various EU trade deals with third
states which no more apply to the UK.

CONCLUSION
It can be concluded with this work that the UK sought a autonomous trade deal with
freedom and no control of EU rules. The EU's priority is to protect the integrity of its projects
and to ensure the UK has no unfair competitive advantage in the future. Although the talks had
elaborate specified details, both sides had multiple political aims. Now the tassel continues
where United Kingdom desires independence of actions for Europeans and is not willing to
compromise hard achieved freedom. In contrast EU is adamant in showing that decision of
exiting it is not appropriate for UK and life inside the block is better than outside. It is also stated
that UK just can't cherry-pick the benefits without accepting the liabilities. United Kingdom has
come a long way and have a whole strata of hurdles to cross in the process of its future growth
and development.

REFERENCES
Books and Journals
Freedman, J. and Loutzenhiser, G., 2022. Tax policy in the UK post-Brexit. Oxford
Review of Economic Policy, 38(1), pp.188-204.
Martill, B. and Sus, M., 2018. Post-Brexit EU/UK security cooperation: NATO, CSDP+,
or ‘French connection’?. The British Journal of Politics and International Relations, 20(4),
pp.846-863.
Menon, A. and Salter, J.P., 2016. Brexit: initial reflections. International Affairs, 92(6),
pp.1297-1318.
O'Rourke, K., 2019. A short history of Brexit: From Brentry to backstop. Penguin UK.
Virdee, S. and McGeever, B., 2018. Racism, crisis, brexit. Ethnic and racial
studies, 41(10), pp.1802-1819.