The Impact of BREXIT on the United Kingdom Labour Market

This report examines the impact of the BREXIT agreement on the United Kingdom's labour market. It begins with an introduction outlining the report's objective and research hypothesis, followed by a literature review and research methodology utilizing secondary data analysis. The results section highlights employment trends, challenges in the hotel industry, and government responses, including policies related to migration and trade. The research outcomes detail the effects of de-industrialization, the increasing importance of the service sector, changes in minimum wage, and hiring challenges. The report also analyzes the impact on the hotel industry, trade barriers, foreign direct investment, and migration. Recommendations include flexible policies, financial assistance, and new employment opportunities. The conclusion summarizes the positive and negative impacts, emphasizing the need for government interventions to mitigate negative effects and promote economic growth within the labor market. The report references several academic sources to support its findings.

Impact of BREXIT on
United Kingdom Labour
Market

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
Objective......................................................................................................................................1
Research hypothesis:...................................................................................................................1
LITERATURE REVIEW’...............................................................................................................1
RESERCH METHEDOLOGY........................................................................................................1
RESULTS........................................................................................................................................2
RESERCH OUTCOMES................................................................................................................2
RECOMMDATION....................................................................................................................5
CONCLUSION................................................................................................................................5
REFRENCES...................................................................................................................................6

INTRODUCTION
United Kingdom is one of the biggest country in World economy it provides sources to the
world wide organizations to fulfil their needs. Most of biggest Multinational Corporation
ARE Situated in UK. Tesco, Sainsbury, Cadbury, Nestle, . Success of UK organizations
were depends on their labour skills. They contribute major part in UK economy. But due to
decision of leaving European Union it will negatively impact on the labour market of
England. Business organizations suffer from, skills shortage, slowdown of growth, lack of
resource, heavy trait duty. This report has been included a brief summery regarding impact
of BREXIT agreement on labour market of UK perception of labours effect on their life. It
also provides data related to the GDP rate of UK after the agreement.
Objective
Main objective of this report is to proved information regarding source through which the
negative impact and problems suffers UK government goes down.
Research hypothesis:
What is the positive and negative impact of BREXIT on labour market of UK.
What are the various types of strategies use to overcome native impact.
LITERATURE REVIEW’
According to S. Nickel decision taken by UK government regarding BREIXIT agreement, was
may impact for long term time period, but recently it will be adversely. Affect the overall
England labour market. As due to their decision many EU or based organization change their
pace of working and strop providing facilities to labours of UK which engaged in work for their
organization, shortage of labour, unemployment, rate of wages decreases in living standards
decline in growth all the problems has been suffers by United Kingdom still they have hope that
their decision will help in future growth of the country as well as labour market of England.
RESERCH METHEDOLOGY
Methodology is a framework use by researchers to find out the way investigators collected data
for their research project.
In this report secondary data has been used for collection of essential information regarding the
impact of BREXIT garment on labour market of UK(Coulter and Hancké, 2016).
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Data analysis technique has been utilized for collection of essential dat. By this method of
research methodology, investigator will be able to identify the impact of agreement on labour
sector. Various papers, research report reinvestigate to find reliable and accurate
data(Strielkowski, Tumanyan and Kalyugina, S).
RESULTS
From this research it has been found that even though industries suffers from many problem but
the rate of employment has been increases fetor decline and it will be increase with high growth
rate in future.
Hotel industry suffers from mitigation problem.
Government take decision regarding providing faculties and flexible polices regarding labours
who belongs from EU computerise to freely came and go to their country way-out any restriction
and trade barriers.
Even UK growth rate gores down but it will increase in future.
RESERCH OUTCOMES
Case study”
United Kingdom take decision to leave European Union which is acumination of European
courtiers which decided tot ace decision an formulate adopt similar trade, politics, travelling
policies. Government of UK take decision for improving future growth rat of UK by increasing
profitability rate in furious, hospitality sector. They take this decision to overcome the issue of
mitigation of arbours. British labours have low rate in market and thus they move in European
Courtiers for their employment purpose. But it will also have negative impact that THE
COUTRY FACES FROM LABOUR SHROTAGE PROBLM AS eu PROVIDES SKILLS
ABOUR TO UK ORGANIZATION those have capabilities to solve problem and effectively
increase the performance of business organizations. The entire effect of BREXIT agreement will
not only effect the migration flows but it also effect on economic factors such as business trade
policies, strategies.
Changes in UK labour market (Hobolt, 2016).
De industrialisation: Due to the immiegaration of EU labours the rate of demand of labours goes
high and it will result in many industries stop their work due to shortage of labours. Social in
manufacturing industry.
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Increases in relative importance of service sector: The hospitality sector has able too creat more
jobs in their area. Recent report analysis that in 3rd quarter of 2019 the job recruitment rate of UK
goes high and more then 130000 workers get recruited in hospitality sector especially in
travelling business. It will help in increment of proportion of women labour in service sector.
Increase importance of the national minimum wage: After the BREIXIT agreement the minimum
wages rate of works has been increased (Curtice, 2016).
Booming in labour market the booming in labour market has break man record in UK. Even the
unemployment rat goes down and it is low relative to the number of vacancies.
Hiring challenges: Low employment, falling migration, and uncertainly related with the post
BRIEIXIT migration, this is very deficit for organization to find skies staff.
As per the market data published in June 2019 report the labour market of UK relatively stable .
The employee
Report more than 4.7 million workers able to find job and starting working. At the time more
than 350000 unemployed workers included in inactive workers list.
The employment rest of 16 to 64 age group also decline in London but it will be raised when
analysis the overall employment rate of the country.
Rates of labour of women have been raised. Recorded more than 7% women’s are hired in June
quter of 2019.
The average earning of breitisgers was incensing living standard rate increase.
Across more than 12% household start working. Household varied firm low of
Effect on hotel industry:
Due to the agreement hotel industry suffers from losses as more than 40000 workers are from EU
. Before this agreement; arbour have permission to go and out and leave in UK without any visa
or tax out now it is essential and they need to follow rues thus they resigned from their jobs.
Just like other industrial sector hotel industry also suffers from weak money value of pound. It
will impact on their imported cost; their quality mantainiance cost has been increase du to this
agreement(Somai and Biedermann, 2016).
UK economy loss will persist in 23020.
Future trade ration with EU which will continuously to undermine confidence. UK government
try to impress their foreign investors by investment in travelling industry it will help in booming
the hostel dustups profit detract. Though hotel industry suffers from the employment problem but
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it also have positivity impact as they are able to hire local personal it will help in reducing the
unemployment rate as wheel as it also useful for increasing the GDP rate of the UK. As per the
survey supply of ingredients material require for hotel industries to provide their customers full
faculties is become highly cost. The industry suffers from loses as due to weakness of British
currency in international market .Hw cover de to Cricket and support tournament industry will be
able to earn suffiancit profits.
BREXIT impact positive as well as negative consequence on the labour market of UK
IN UK more than 2.9 million engaged with hospitalities sectors. IN which more than 500000 a
labours are engaged with the hotel industry. The industry is effect form this agreement due to
most of housekeepers, waiters, and chefs are come from EU nation(Gamble, 2018 ).
According to server more than 64% workers are based on non UK
And the manager, to man agent department employers are % based on EU nations thus this
diction of government take in danger for hotel industry. . TO overcome of this problem hotel
industry take favour with British government regarding the decision as they includes that
alleviating faculty, probes full faculties to workers, free movement faculty to hotel industry
workers.
It will result in increasing the level of pressure on the howl industry of UK.
Government had took omen decision regarding to overcome the negative effect of agreement
Trade barriers: It can reduce through formatting positivity which help in eliminating trade
barriers, or struck rulers and policies with EU. Trade in goods an service help notion that barriers
to reduce trade between courtiers and thus reduce economic output. Brigit will affect economy
growth of the UK this to control the threat thy need to apply flexible trade policies with EU.
Foreign direct investment: It contributes direct to the UK income. FDI help in providing funds
for expansion of country business. Leaving the EU UK needs to increase their supply chain in
other coterie imparked relationship with them so they help UK to solve problems and also
provides fancily help and give pootpturinity to UK FIRMS TO INVEST IN THEIR
COUTERIES with low rate of tax (Ford, 2016).
Migration: From the Emu after BREXIT could also have important effects on long term
economic growth. The studies that survey have shown that different auction about future changes
to the rues governing the migration f skilled and unsliced workers can have significant direct
impact on overall economic growth as trade. Migration affects overall epoch output by changing
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the number of workers chafing the mix of skills abalone and potentially by affect bin levels on
innovation within the economy.
Productivity in the long term is crucial for economic growth. Becoming more productive means
that workers can produce increasingly large quantities of output without needing any more
capital to work with. This is key to enabling rising living standards (Roman, 2019). Economists
do not have a good understanding of why UK productivity growth has been so poor in recent
years and so it is difficult to predict with any certainty how it might change in future. Economic
theory suggests that trade can boost productivity but the size of this effect is difficult to estimate
and the empirical evidence on this question is mixed. If Bruit has a permanent impact on
productivity growth, it would have a large effect on the UK’s future growth. All of the studies
that we consider look at the impact of BREXIT on barriers to trade. A few also consider all of
the other area
RECOMMDATION
Government need to formulate flexible policies regarding issue of mitigation of workers.
British governed need to proved financial assisisteace to hospitality sectors.
Build welfare schemas for labours.
Provides minimum wages rate to each category of labours.
Improvement of relation with foreign courtiers.
Established new emplacement opportunities for their unemployed workers.
CONCLUSION
Frome above analysis it has been identified that decision taken by British government regarding
exit from European Union will may impact positively and provides opportunities help in grow
British economy, but at present time the country suffers from many issue specially labour sector
of hospitality industry. The sector help in providing 6 % of GDP contribution to the country but
du to this agreement hey faces mitigation, labours problems and revenue goes down of the
industry on the other side many labours get unemployed due to this decision , government had
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formulates policies to flexible rules for these sectors through which they able to overcome
problems and increase their rate of profit.
REFRENCES
Strielkowski, W., Tumanyan, Y. and Kalyugina, S., 2016. Labour market inclusion of
international protection applicants and beneficiaries. Economics & Sociology, 9(2), p.293.
Coulter, S. and Hancké, B., 2016. A bonfire of the regulations, or business as usual? The UK
labour market and the political economy of Brexit. The Political Quarterly, 87(2),
pp.148-156.
Simionescu, M., 2018. The impact of Brexit on the UK inwards FDI. Economics, Management
and Sustainability, 3(1), pp.6-20.
Hobolt, S. B., 2016. The Brexit vote: a divided nation, a divided continent. Journal of European
Public Policy, 23(9), pp.1259-1277.
Curtice, J., 2016. Brexit: Behind the referendum. Political Insight, 7(2), pp.4-7.
Somai, M. and Biedermann, Z., 2016. Brexit: Reasons and challenges. Acta Oeconomica, 66(s1),
pp.137-156.
Gamble, A., 2018. Taking back control: the political implications of Brexit. Journal of European
public policy, 25(8), pp.1215-1232.
Ford, M., 2016. The Impact of Brexit on UK Labour Law. Int'l J. Comp. Lab. L. & Indus.
Rel., 32, p.473.
Roman, M., 2019. Work and welfare take-up of enlargement migrants in the United
Kingdom. Applied Economics Letters, 26(5), pp.341-344.
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