Brexit's Impact on the UK Economy: A Multifaceted Analysis

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Living and Studying in Britain

Table of Contents
Introduction................................................................................................................................3
Week 1.......................................................................................................................................4
Week 2.......................................................................................................................................5
Week 3.......................................................................................................................................6
Week 4.......................................................................................................................................7
Conclusion..................................................................................................................................8
Reference list..............................................................................................................................9

Introduction
The assessment will be depicting the headlines in between the months of March, April, and
May 2019. The assessment has covered the news headline that has raised several
uncertainties among the mind sets of the common people and has affected the business
venture of both UK and EU. Brexit has led to several uncertainties and has gained the place
of a hot topic in news and media channels.

Week 1
Co-movements between the British pound, the euro and the Japanese yen: the Brexit
impact
The journal has depicted the post as well as pre brexit effects and the co movement of the
currencies including the British pounds, the yen (JPY), euro (EUR) and US dollar (USD).
Brexit has led to several uncertainties in the business ventures of UK and the decision of UK
leaving the markets of EU has affected the trade and commerce of different business ventures
operating in UK to leave the markets of EU and vice versa. Quite a lot of business ventures in
UK are interlinked with joint ventures in EU. Apart from this, several companies that are
operated in UK have their subsections and branches in the markets of EU.
As per the journal, Brexit has affected the currencies of UK and Europe however, the
currencies of Japan have remained unchanged. The journal has compared the changes
between the currencies to evaluate the consequences that have been affected due to brexit. In
addition to this, brexit also has an indirect impact on the Eurozone economies as there are
several direct import as well as export transactions between EU and the Eurozone countries
including Germany, France and Spain.
Reference list
Alvarez-Diez, S., Baixauli-Soler, J.S. and Belda-Ruiz, M., 2019. Co-movements between the
British pound, the euro and the Japanese yen: the Brexit impact. Journal of Economic
Studies, 46(2), pp.467-481.

Week 2
The UK pharmaceutical industry braces for Brexit, be it mild, severe, or doomsday
The journal has depicted a detailed comprehension of the various factors related to brexit that
has affected the science and community of UK as well as EU. The widespread of the
uncertainties that has been led to many misunderstanding regarding the brexit procedures that
has been led by the politicians of Britain. The stay of UK in the markets of EU has led to
several improvements in the science research as well as developments as EU has the
resources that are required for developing science and research. As per the analysts, brexit
has brought rapid changes in the political dimensions of UK as well as EU and has led to
downfall in the development of research and science communities. The pharmaceutical sector
has been affected due to brexit and according to the journal; brexit has propelled the
pharmaceutical industry into a dark age. The free movement of people across EU has led to
reduced EU workers in the markets of UK that has brought shortage of labour force that are
required in the pharmaceutical industry of UK.
Reference list
Rogers, D., Rogers, B., Lewis, J. and Lewis, E., 2018. The UK pharmaceutical industry
braces for Brexit, be it mild, severe, or doomsday. Medical Writing, 27, pp.41-45.

Week 3
Why did Cornwall vote for Brexit? Assessing the implications for EU structural funding
programmes
The journal has depicted the case study of Cornwall and has discussed various aspects of
Cornwall and its contribution towards the decision of UK leaving the markets of EU. The exit
day when EU and UK finally leave the corresponding markets shall bring several changes
that the common people as well as organisation are not familiar about and therefore it is
extremely essential for the people of UK and EU to take precautions for the exit day. Apart
from this, the situation already gets unstable by looking at the fact that EU has already
delayed UK departure not once but twice. However, EU will be able to strike their own trade
and commerce due to brexit. However, the Home Secretary, Theresa May has applied for a
deal for brexit and UK’s stay at the markets of EU. The hot topic of Brexit has been highly
influenced as almost equal shares of votes have been provided for the decision of whether
UK should leave the markets of EU or not.
Reference list
Willett, J., Tidy, R., Tregidga, G. and Passmore, P., 2019. Why did Cornwall vote for Brexit?
Assessing the implications for EU structural funding programmes. Environment and
Planning C: Politics and Space, p.2399654419825654.
Cornwall.gov.uk. (2019). Brexit - Cornwall Council. [online] Available at:
https://www.cornwall.gov.uk/council-and-democracy/brexit/ [Accessed 13 May 2019].

Week 4
Immigration, political trust, and Brexit–Testing an aversion amplification hypothesis
The journal has provided several pieces of information on the referendum campaigns of UK.
The deal of Theresa May in reducing the immigration to tens of thousands every year can
have a direct impact on the business venture of UK as well as EU. This also allowed dealing
with the extremely high levels of migration due to brexit. The EU seasonal workers as well as
students in UK that stayed in UK consolidate the majority of the immigrants, which makes it
further disbalanced. On the other hand, the immigration has also substantially contributed on
the overall economy of UK. Furthermore, Psychological researches have provided an
empirical data related to the role of trust in different regional contexts.
Reference list
Abrams, D. and Travaglino, G.A., 2018. Immigration, political trust, and Brexit–Testing an
aversion amplification hypothesis. British Journal of Social Psychology, 57(2), pp.310-326.

Conclusion
The assessment has depicted a detailed abbreviation related to the latest news on brexit and
has depicted the several journals related to various aspects of brexit how it affects the
political dimensions of UK as well as EU.

Reference list
Abrams, D. and Travaglino, G.A., 2018. Immigration, political trust, and Brexit–Testing an
aversion amplification hypothesis. British Journal of Social Psychology, 57(2), pp.310-326.
Alvarez-Diez, S., Baixauli-Soler, J.S. and Belda-Ruiz, M., 2019. Co-movements between the
British pound, the euro and the Japanese yen: the Brexit impact. Journal of Economic
Studies, 46(2), pp.467-481.
Cornwall.gov.uk. (2019). Brexit - Cornwall Council. [online] Available at:
https://www.cornwall.gov.uk/council-and-democracy/brexit/ [Accessed 13 May 2019].
Rogers, D., Rogers, B., Lewis, J. and Lewis, E., 2018. The UK pharmaceutical industry
braces for Brexit, be it mild, severe, or doomsday. Medical Writing, 27, pp.41-45.
Willett, J., Tidy, R., Tregidga, G. and Passmore, P., 2019. Why did Cornwall vote for Brexit?
Assessing the implications for EU structural funding programmes. Environment and
Planning C: Politics and Space, p.2399654419825654.