Analysis of Brexit's Effects on UK Economy and Labour Laws

This report examines the economic consequences of Brexit on the United Kingdom, drawing on two key articles. The first article, by Wenger (2017), discusses the impact of Brexit on family leave laws and the challenges for businesses regarding labor migration and market access. The second article, by Begg and Mushövel (2016), analyzes the broader economic impact, including effects on jobs, growth, and public finances. The report highlights that Brexit has led to increased inflation, higher costs for households, and potential upheaval in economic and social policies. The analysis covers various aspects, such as changes in tariff structures, the impact on employment, wages, and trade, and the UK's contributions to the EU budget. The conclusion suggests that Brexit has both positive and negative effects on the UK's economic growth and requires understanding of the political and economic systems undergoing structural changes.

NEWSPAPER

Table of Contents
Table of Contents.............................................................................................................................2
Article 1: Wenger, R.J., 2017. Should I stay or should I go: the effects of Brexit on family
leave laws in the United Kingdom. Duq. Bus. LJ. 19. p.119.......................................................1
Article 2: Begg, I. and Mushövel, F., 2016. The economic impact of Brexit: jobs, growth and
the public finances.......................................................................................................................1
REFERENCES................................................................................................................................3

Article 1: Wenger, R.J., 2017. Should I stay or should I go: the effects of Brexit on family leave
laws in the United Kingdom. Duq. Bus. LJ. 19. p.119.
The United Kingdom recent advisory referendum takes initiative to leave the European union.
Henceforth, the Brexit has huge impact on working of the enterprise as changes in labour
migration, market access, tariff structure and this also has huge impact on other operational
functions.
Therefore, this stated that tariff structure differs from current structure under the UK. It is one of
the key factor that have dramatic effect on ability to retain and recruit foreign talent. Herein, the
EU remain unchanged for at lest the nest two year. Thus, Brexit has huge impact on jobs, growth
and public finances (Wenger, 2017). The survey collects data that has shown the enterprise is
being affected by the Brexit that based on sales, prices, employment and investment. This has the
huge impact as this works as to have reduction in sales and enhance the cost. European law leads
to cut jobs, lower wages, higher prices and also has fewer opportunities.
Article 2: Begg, I. and Mushövel, F., 2016. The economic impact of Brexit: jobs, growth and the
public finances.
The impact of Brexit on the UK economy has pushed up the UK inflation by 1.7
percentage in 2017 and it is leading to an annual cost of £404 for the average British household.
Therefore, leaving of the EU will inclusive of extensive upheaval for decades in British
economic and social policy. This affected the stability to through multiple and annual
programmes that promoted the strategic and integrated approach to bring development through
partnership approach (Begg and Mushövel, 2016). This is argued that in various parts of the
country there are lower levels of wages, skills, employment opportunities and to vote to leave the
EU. therefore, it can be stated that post Brexit outcomes significantly enhances the cost of trade
between the UK. Henceforth, UK contribution to the EU budget in 2016 is to provide the largest
share of the cash and this has estimated about the £2.5 billion.
In addition to it, United Kingdom plays major role in EU that has been an asset to the union.
Thus, UK-EU boarder has significant impact on non-tariff barriers on the goods and new
restrictions on trade and services. Hence, the fallout within the Britain suffered due to global
financial crisis.
Hereby, it can be concluded that European law results in social and economic changes to the
union. Brexit has both positive as well negative impacts on the growth of entity. Higher wages,
1

lower wages and decreasing output have damaging macroeconomic impacts over the financial
openness within the United Kingdom. Therefore, political and economic system are undergoing
factor that is far reaching to the structural changes that is driven by the technology, trade, high
inequality and political anger.
2

REFERENCES
Books and Journals
Wenger, R.J., 2017. Should I stay or should I go: the effects of Brexit on family leave laws in the
United Kingdom. Duq. Bus. LJ. 19. p.119.
Begg, I. and Mushövel, F., 2016. The economic impact of Brexit: jobs, growth and the public
finances.
3