Brexit: Evaluating the Economic Impact on UK Businesses & Land Deals

This report provides an in-depth analysis of the economic implications of Brexit on the UK, with a specific focus on its impact on land exchanges and businesses. It begins by introducing the background and context of Brexit, including the various political and economic factors that led to the UK's decision to leave the European Union. The report then outlines the objectives and research methodology used to assess the potential consequences of Brexit. It delves into a critical review of existing literature on the subject, examining different perspectives on the potential benefits and drawbacks of Brexit. The findings of the report suggest that Brexit is likely to have a negative impact on the land exchange functions of UK businesses, raising concerns about reduced economic growth and financial stability. The report concludes by discussing the implications of these findings and offering recommendations for policymakers and businesses to mitigate the potential adverse effects of Brexit.

Running head: BREXIT: IMPACT AND IMPLICATIONS
BREXIT: IMPACT AND IMPLICATIONS
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1BREXIT: IMPACT AND IMPLICATIONS
Abstract
The study is focused towards analyzing the impact of Brexit on the economy of the UK.
Specifically, the study is focused towards understanding the impact of Brexit on the land
exchanges that take place concerning business organizations. The various significant aspects of
Brexit are introduced. Moving forward the objectives and the problem statement for the study are
provided. The various relevant literatures on Brexit and its major implications are considered.
The literatures are critically analyzed to form essential perspectives on the given subject. The
study has incorporated research methods that have considered the evaluation and analysis of
secondary data. The methodology is discussed with regards to its significance concerning the
effective analysis of the subject. Subsequently, the discussion of the findings are done through
critical analysis to derive the most important implications. The implications derived point
towards the negative effect of Brexit on the land exchange functions of UK businesses.

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Table of Contents
Abstract.......................................................................................................................................................1
INTRODUCTION...........................................................................................................................................3
Objectives................................................................................................................................................5
RESEARCH METHODOLOGY.........................................................................................................................7
Participants..............................................................................................................................................7
Data Collection........................................................................................................................................7
Data Analysis...........................................................................................................................................7
Reflexivity................................................................................................................................................8
FINDINGS AND CONCLUSION....................................................................................................................21
Findings.................................................................................................................................................21
Analysis..................................................................................................................................................23
Discussion..............................................................................................................................................23
References.................................................................................................................................................25

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INTRODUCTION
On March 21, the EU stretched out the Brexit due date to April 12, 2019, that is if no
arrangement is affirmed. In the event that Parliament endorses May's Brexit bargain, at that point
Brexit will happen on May 22, 2019, that pursued the March 18, 2019, declaration by the
Speaker of the House of Commons reported that there would be no more votes on Prime Minister
May's Brexit bargain (Canessa, 2019). That is after Parliament had voted against it twice. The
renegotiated arrangement depended on a 21-month progress plan May had consulted with the EU
on March 19, 2018. Parliament crushed that arrangement on January 15, 2019. From that point
forward, May has been attempting to get a sharply separated Parliament to concur on what it
needs.
Numerous organizations have effectively arranged for the most exceedingly terrible (Oliver,
2016). On February 11, 2019, the U.K. consented to a reciprocal exchange arrangement with
Switzerland to stay away from levies if there should arise an occurrence of a “no arrangement
Brexit.” A portion of May's rivals inside her Conservative gathering won't be content until they
to dispose of her and arrange a "hard Brexit." That implies leaving the EU without any
confinements other than another organized commerce understanding (Berman, 2016). They
might defer Brexit until December 2019 when they can, by law, vote her out.
A few individuals from the contradicting Labor party are requiring another submission. They
don't need the U.K. to leave the EU by any means. Some different individuals from Labor need a
changed arrangement that keeps the U.K in the EU advertise and acknowledges outsiders. The
United Kingdom’s possible exit from the European Union is what is referred to as the Brexit
(Marsh, 2018). A great challenge has been posed on both the UK and the European Union
following a vote by the British people to have the country exit from the bloc. Exit of the UK

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from the European Union is expected to mark a great change in the country’s economic
relationship with other countries in the bloc (BIRRELL, 2017). For many years, the UK had
enjoyed a close economic cooperation and integration with co-members in the European Union.
This close bond is expected to gradually and eventually break if Britain is to exit from the bloc.
However, the UK might be expected to conceal economic ties and directly negotiate trade with
other countries which are non-members of the European Union.
It is thought that economic considerations are a major influence of the push for the Brexit
(Gietel-Basten, 2016). Some three years ago, the UK prime minister Theresa May categorically
hinted of the countries’ economic interests that would be met, if the country opted out of the
European Union bloc. Since the push for the Brexit started, not much impact has been observed.
Whether or not the Brexit will be deemed a success will depend upon its economic impact.
Several studies have been conducted regarding the possible impacts of the Brexit if the UK
terminates membership with the EU. In the summer of 2018, several researchers suggested that
the UK’s withdrawal from the European Union would lead to the bloc’s breakdown. However,
such claims have proved unfounded as the European Union still exists.
As much as several predictions have been made concerning the impacts of the Brexit, it is
undisputable that predictions do not always have to hold. Several disagreements have ensued
concerning the impacts that the Brexit will have both on the UK’s and European Union’s
economies. Some researchers argue that the Brexit will be of benefit while others argue that the
Brexit will have detrimentally negative impacts on economic growth for the involved parties
(Braniff, 2017). A vast majority of the previous studies anticipated that there will be reduced
economic growth, both in the UK and in the European Union. (Dallago, 2016) found out that the

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financial ability of the UK shall be reduced in that it can no longer obtain loans from the
European Union bloc.
In this way, what ought to be in center is whether the budgetary framework is set up for the
Brexit Withdrawal Agreement not passing Parliament, which would push forward the due date
for being set up for the no arrangement situation. What's more, above all, regardless of whether
the administration itself has put in adequate possibilities to have the capacity to exchange on
WTO terms next March. That would have a greater amount of an impact on money related and
financial soundness than the present evaluation of the effect of Brexit.
Objectives
The purpose of the current study is to investigate the economic implications of the Brexit (a
possible withdrawal of the UK from the EU). In investigating the possible effects of the Brexit,
this report examines the economic and socio-economic role that the UK plays in the European
Union as a member state.
This research paper aims to cover the economic, financial, social, political and legal implications
of the Brexit on both the United Kingdoms and the European Union. The questions addressed by
this research paper are;
 What is the impact of Brexit on the lawful structure of, and the legitimate dangers related
with, land exchanges?
 What effect will Brexit have on land internal speculation volumes?
 What are the suggestions for the financing of the UK business land?
 Will there be huge changes to ecological and wellbeing and security guideline in the UK
following Brexit?

6BREXIT: IMPACT AND IMPLICATIONS
 Will Brexit affect the arranging procedure for advancement ventures?
General thinking behind this work is a need to survey the examination gap in dissecting the
repercussions of Brexit on the UK and EU economies. This is because the EU and the UK
concurrently play a role on each other’s economies.
Problem statement
Brexit is a condensing for "English exit," alluding to the U.K's. choice in a June 23, 2016 choice
to leave the European Union (EU). The vote's outcome opposed desires and annoyed worldwide
markets, making the British pound tumble to its most reduced dimension against the dollar in 30
years. Previous Prime Minister David Cameron, who called the choice and crusaded for Britain
to stay in the EU, reported his acquiescence the next day. Home Secretary Theresa May
supplanted him as pioneer of the Conservative party and as Prime Minister. Following a snap
decision on June 8, 2017, she stays Prime Minister. The Conservatives lost their out and out
greater part in Parliament, however, and with it – May's pundits contend – an order for a "hard
Brexit," in which Britain leaves the EU's single market and traditions association. (The option is
known as "delicate Brexit.")
The arrangement May consulted with the EU has been dismissed by the House of Commons
multiple times, and Britain has under about fourteen days to think of an arrangement so as to
abstain from slamming out of the coalition without an arrangement on April 12. May has
abandoned winning the help of hardline Brexit supporters in her very own gathering and is
presently planning to achieve a trade off with the primary resistance.
The UK, a member of the European Union is a major player of the EU’s economic and social
policies (TAYLOR-GOOBY, 2017). The contribution of the UK towards the prosperity of the

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EU and that of the EU on the UK cannot be underestimated. The current discussion on the
possibility of the UK’s exit from the European Union could either be successful or could be
destined to fail. It is by the basis of such discussions that we try to explore the possible
repercussions that the Brexit would have on both the UK and the EU. The repercussions are
expected to be vast and would be expected to affect nearly all spheres of life in Europe, as well
as oversees (Jacobs, 2018).
The key focus of study for the current study is to explore the possible economic and social
effects that the Brexit would possibly have on the UK, the EU, and abroad, in the aftermath of
article 50. Article 50 dictates a plan for any country wishing to exist from the European Union. It
was created as part of the treaty of Lisbon, and involved an agreement that was signed by all EU
member states, and became a law in 2009. The adoption of this law has since evoked discussions
on the push, by a section of the UK legislature and the British people, to have the country exist
from the bloc.
Article 50 stipulates that any member state of the EU may decide to withdraw its membership
from the Union in accordance with its constitutional requirements. While, however, majority of
the people understand this provision, it remains unclear on what repercussions may be
experienced if the United Kingdom opts out of the European Union. The question that remains
unanswered is whether or not the Brexit would be of benefit to the UK. This present study
therefore strives to seek answers to this question by exploring the economic and social
implications that the Brexit would have on the UK, the EU and the EU member states.
RESEARCH METHODOLOGY
Research Design

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This paper shall employ secondary research and therefore no data shall be collected from human
participants. A descriptive study design shall be employed in this paper, whereby descriptions on
the impacts of the Brexit based on existing literature and data form the government portal.
Participants
The secondary sources for this research shall be sources and information on the negotiations
between the UK and the EU on Britain’s exit from the bloc. Analyses and predictions of the
future of the UK if it exits from the European Union are solely based on secondary research.
Data Collection
Secondary data shall be obtained from websites and new channels as the UK is still negotiating
with the European Union. As the negotiations progress, information could change at any time
due to a possibility in changes in negotiation.
Data Analysis
This study is qualitative in nature and shall therefore employ the qualitative study design. The
research question that this study seeks to address is the impacts that a possible exist of Britain
from the European Union would have. Various literature is assessed in order to investigate or
answer this research question.
Reflexivity
The cause and effect relationships between Brexit and implications on the corporate sector
including land exchange has been focused. The cause effect relationship has been utilized
towards determining more insightful values of the findings that have been generated from the
study. The methods are used in order to understand the true causes to the events post the Brexit.

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Reflexivity has been used to gather implications that are not possible to gather through the
normal research methods. It has been used as a catalyst for the research.
LITERATURE REVIEW
It has turned out to be clear now that Brexit will be deferred, yet the likelihood of a cluttered exit
isn't yet discounted. Theresa May has approached the EU for a further augmentation of the
arranging time frame to June 30. Individuals from Parliament have likewise casted a ballot by a
greater part to drive the administration to demand an expansion and maintain a strategic distance
from a no arrangement Brexit if May's arrangement can't win adequate sponsorship. This
expansion would need to be affirmed by the majority of the coalition's 27 part states. EU
pioneers will meet at a crisis Brexit summit on April 10, two days before Britain is relied upon to
leave.
May is having discourses with the pioneer of the Labor Party, Jeremy Corbyn, to choose what
the U.K. should look for in its future association with the EU. Since Corbyn favors remaining in
the EU's traditions association, the understanding is probably going to mean a "milder" Brexit
than the Conservatives might want. On the off chance that May and Corbyn concede to an
arrangement, it will be put to administrators for endorsement and taken to the European Council.
May has said the arrangement needs to include Parliament favoring the Withdrawal Agreement
she consulted with the EU since the alliance has would not renegotiate an arrangement.
On the off chance that Corbyn and May can't concur on an arrangement, at that point they will
put various alternatives to the House in a progression of votes so as to choose a strategy. May
implied in the past that she would require a general race to break the stop. A general decision is

10BREXIT: IMPACT AND IMPLICATIONS
seen by specialists as a sufficient purpose behind an augmentation to be conceded. The troubled
pioneer is likewise confronting serious strain to leave.
A second submission stays one of the Brexit choices, yet May has been unequivocally
contradicted to it previously. More than 5 million individuals have marked a "drop Brexit"
request on the Parliament site. Individuals from Parliament have casted a ballot twice on a few
options in contrast to May's arrangement, yet none of the alternatives had the capacity to get
larger part support.
On the off chance that Britain leaves the EU without the confirmation of an arrangement, there
will be no two-year change period. The U.K and the EU are intended to arrange another, long
haul exchange understanding amid the change time frame. Without an arrangement, WTO
guidelines will happen.
EU-UK relationships
The EU is an economic and political union between the member states currently consisting of:
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia,
Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg,
Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK
(Mykolaivna, 2015). The aim of the EU is to create a common market where goods, services,
people, and capital can move as freely as within a single country; and where competition is not
distorted (Alexeevna, 2012).
The UK is more dependent on the EU than vice versa given that about 13 per cent of UK GDP is
linked to exports to the EU, whereas only about 3 per cent of GDP among the other 27 Member
States is linked to exports to the UK. The EU is the destination of 44% of UK exports and 60%

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of total UK trade is covered by EU membership and the preferential access it grants to 53
markets outside the EU (Poole, 2016). Following these statistics, it is therefore apparent that the
EU might not experience as much impact of the Brexit as much as the UK.
Internal market
The creation of a common market among member states has been a prime focus of the European
Union. The role that is played by Britain in this common market cannot be overlooked. The UK
had been a significant proponent and participant in the common market, especially in the service
industry (James, 2018). The country plays a major role to ensure the successful opening of the
European market. Another major role played by the UK in the internal market is that it
encourages integration by allowing for the freedom of movement of capital, services and goods
within and outside its borders.
A possible UK’s withdrawal from the European Union is expected to have an influence on the
future shape, scope and direction of the economic block. This is because the EU could lose one
of its very vital member and supporter for the completion of a single market. Like-minded
member states will also be losing a key ally. The website Business Sweden suggests that the
Sweden’s position in the European Union would likely be weakened by the possible exit of the
UK from the European Union. In particular, the EU shall be expected to experience a gap in the
field of services as the United Kingdoms has been a major provider of skills and services.
Possible effects of the Brexit
Impacts on economic growth of the UK and the EU
Economic performance of the European Union without the UK as a member state shall depend
upon whether or not the European Union shall embrace reforms to fill the gap left by the UK. It