The Impact of Brexit on UK Businesses: A Comprehensive Analysis

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THE IMPACT OF BREXIT IN UK BUSINESS
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Table of Contents
Introduction......................................................................................................................................3
Findings and discussion...................................................................................................................3
Conclusion.......................................................................................................................................5
Reference list...................................................................................................................................6
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Introduction
Over time, UK businesses have experienced mixed fortunes. Those companies in the UK have a
global presence to benefit from the resulted in higher revenues. Brexit or Britain exit have an
impact on UK businesses including pharmaceuticals, banking and air travel (Dhingra et al.,
2016). It influences the responses to UK as an anticipated exit from EU. Brexit includes the
companies to establish the subsidiaries in both UK and Australia to continue with operations.
Brexit affects retail, fashion, and airline industry. It influences the value and business operations
to undergo the logistics and exchange policy for British companies (Bailey et al. 2017). On the
other hand, raw materials like adverse currency movement and sales abroad from overseas
retailers. UK businesses like airlines could face the additional cost for adverse currency
movements to include retail shoppers. UK government already offered reassurance to citizens of
EU. The study will focus on an associate or member of the EU. Again, it will be discussed to
current unchanged planning and affordable development in UK business perspective because of
Brexit.
Findings and discussion
It is found that all companies are concerned about Britain’s exit from EU in terms of EU
employees. It is determined to develop such privileges for UK citizens living in EU (Wright et
al., 2017). Pressure is mounting in transferring and maintaining the thousands of jobs, which are
at risk. The result of the parliamentary vote takes place the unwilling and referendum through the
outcomes. It is found that EU wants to open their doors to UK as they can cancel and withdraw
from EU. NHS should expect 50,000 nursing vacancies at the end of the year 2021. The number
may be expected to high as 70,000 by 2025 (Business.trustedshops.co.uk, 2019). Similarly,
Barclays had transferred pounds to an Irish subsidiary, when HSBC shifted Polish and Irish
subsidiaries in French Unit. The business includes the current and positive impacts on
developing the transformation in business aspects.
There are widespread concerns accessing labour after Brexit. It is a broader issue explicitly for
UK-EU relationship (Independent.co.uk, 2019). Marks and Spencer in UK cited the Brexit as
growing market labour shortage by Brexit. According to Bailey et al. (2017), constructions firms
in UK have been influenced to include the main concerns and across the economical approach.
Despite recent political turmoil, the UK firms face governmental establishment and
considerations in a legal and political position. The businesses consider the Brexit as a
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significant regulatory change in government analysis. In other words, it is considered, as many
firms would not deal with accommodation with other governmental analysis. Many firms would
accommodate with other governmental establishment and concerns. It will focus on handling the
investment and decisions until they get certainty in decision-making capability to determine the
consequences of Brexit. For instance, AstraZeneca had said that the management backs in UK
until they reach the confidence in business. The decisions are based on the determination of
Brexit and specific instances in restructuring and preparation. It is found that Brexit can affect
the changing sustainability and uncertainty in affecting the turnover in business and financial
sector (Wright et al. (2017).
There is the irony of Brexit preparation to have benefit to cover the economic aspects to sustain
the original cost of no deal report and changing sustainability in economic benefits. As argued by
Kierzenkowski et al. (2016), macroeconomic factors are influenced based on order-exposed
sectors. It is worried about the uncertainty and support to deal with partnership and individual
businesses. There is less scope and supports to affect the private sector employment and the
British economy to develop the support and macro-exposed sectors. There are many small
businesses to establish the headlines a backbone of British economic as a success of Brexit
(Wright et al., 2017). The positive sides of private sectors in UK have been found as private
sector employment as 40% of turnover. Exporting of UK is £220 Billion as 44% of trade
(Leedsbeckett.ac.uk, 2019). The national survey includes undertaking turnover and the positive
impacts and outcome to ensure the company's outcomes. It is sure to affect negative influences as
50% were unsure about the result (Leedsbeckett.ac.uk, 2019).
As evidenced by Wright et al. (2017), the national survey is to determine the views and
referendum to undertake the academics as part of Britain’s Most Admired Companies in Leeds.
British companies rely on higher market development and cost of purchasing for following the
ultimate result from overseas. Unilever as the largest suppliers indicates the essential household
of buying from overseas. The government realised to adopt a fiscal policy to mention the
economic environment to provide opportunities for UK businesses. It is likely to have a deflated
position fo 10% in short towards the medium term (Leedsbeckett.ac.uk, 2019). SMEs feel
positive impacts on Brexit votes. It has titans to make moves on the vote. It has increased import-
pricing process over the items in involving the costing system (Dhingra et al., 2016). Companies
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such as Vodafone and Visa consider relocating to Europe. Other companies engage investment in
developing the considerations initially for the following vote.
Conclusion
It can be concluded that Brexit has impacts on most of companies and sectors to increase the
result of the financial industry. The strategies are focused on import pricing and export
disturbances as encouraging the approaches in UK. It has been focused that increased great
pricing and inevitable cost practice include both positive and negative consequences for retail
and industry. British products and possible are engaged in trade agreements around the country.
Some companies in retail and airline sector focus on possible imperative engagements and
British urban industry. The basic economy and business engagement include developing and
export as possible causes to differ in trade and business aspect. According to British products and
services, the changes in goods and service establish the arrangements in a quick mechanism for
business development. European business and cross border development engage with a currency
exchange in the international aspect in a couple of decades. The exact impact includes
developing upcoming markets including an impact on prediction for EU treaty over UK
businesses.
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Reference list
Bailey, D., Driffield, N. and Karoglou, M., 2017. Inward investment will fall in the UK, post
Brexit.
Business.trustedshops.co.uk (2019), Trusted Shops Available at: (2019),
https://business.trustedshops.co.uk/blog/brexit-damage-european-market/ [Accessed on: 16 Feb
2019]
Dhingra, S., Ottaviano, G., Sampson, T. and Van Reenen, J., 2016. The impact of Brexit on
foreign investment in the UK. BREXIT 2016, 24, p.2.
Independent.co.uk (2019) Independent Available at:
https://www.independent.co.uk/news/business/analysis-and-features/brexit-business-preparation-
impact-theresa-may-cbi-speech-ftse-economy-risk-migration-a8644436.html [Accessed on: 16
Feb 2019]
Kierzenkowski, R., Pain, N., Rusticelli, E. and Zwart, S., 2016. The economic consequences of
Brexit.
Leedsbeckett.ac.uk (2019), The Impact of Brexit on UK Businesses Available
at:http://www.leedsbeckett.ac.uk/leeds-business-school-research-and-enterprise-gateway/blogs/
the-impact-of-brexit-on-uk-businesses-aftab-dean/ [Accessed on: 16 Feb 2019]
McGrattan, E.R. and Waddle, A., 2017. The impact of Brexit on foreign investment and
production (No. w23217). National Bureau of Economic Research.
Wright, M., Amess, K., Bacon, N., Gilligan, J. and Wilson, N., 2017. Brexit is changing the
scenario for private equity in the UK. LSE Business Review.
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