Brexit! What It Means For Uk Businesses Business A Levels Report

1887 words - 8 pages

Executive summary
On 23rd June 2016, the British people voted to leave the EU and the commercial sector is faced with a difficult decision. The UK’s decision to leave will be felt by the construction company JK Roofers LTD, in Lincolnshire whose employees are mainly migrants.
Although the UK law will not change considerably for quite some time. Businesses will be stung by these issues and should consider all possible consequences in their negotiations with suppliers and customers. In the wake of Brexit, firms should factor in these alterations when making both their short- and long-range plans.
For immigration, a post Brexit scenario is listed as an option, including a points-based system for current EU nationals to remain in the UK.
The UK could join the European Economic Area (EEA) or follow the ‘Swiss model’ to negotiate trade agreements with the EU.
The UK taxation would no longer be restricted by the EU’s VAT rates, but business administration cost could rise because of restricted access to the EU’s co-ordinated VAT.
Table of contents:
1.0 Introduction …………………………..………………. Page 3
1.1 What is Brexit? ……………………..…………..…… page 3
1.2 Source …………………………………..….……….. page 3
2.0 Findings ……………………………..……………..... page 3
Leaving The EU ………….………………..….……..….. page 3
Economic Growth ………………………..…….……..… page 3
Credit Downgrade ………………………..………..….… page 3
EU Funding ………………………..…………….…… page 3
Investment …………………………………..…...……… page 4
Trade Options ………………………….…..……….…… page 4
Commercial Contracts…………………..…………..…… page 4
Construction ………………………..…………...….…… page 4
Immigration ………………………..……………….…… page 4
Migrant ………………………..…………………....…… page 4
Import Cost Increase ..………..……………………….… page 5
Taxation ………………………..……………………..… page 5
3.0 Conclusion ……………………………………….…. page 5
4.0 Recommendations ……………………………...…… page 5
5.0 Bibliography …………………………………..…….. page 5
1.0 Introduction
On 23rd June 2016, the people of Britain voted to leave the EU. The commercial sector is now faced with a difficult future because of that decision. JK Roofers Ltd, is a small construction company based in Lincolnshire, and employs mainly migrant workers. The UK’s decision to leave the EU will greatly affect the UK’s access to European workers. Currently sixty percent of JK Roofers skilled and semiskilled employees come from Poland.
This report attempts to address the impact Brexit could have on JK Roofers Ltd. It aspires to identify any short- and long-range policies which may be put in place to offset against any negative fallout of Brexit. These findings and suggestions can play a crucial part in safeguarding companies against any interruptions to businesses that Brexit may bring. JK Roofers should exploit any opportunity Brexit might raise. This is completed to safeguard the growth of the company.
1.1 What is Brexit?
Brexit is an abbreviation for ‘British Exit.’ This refers to the referendum, the British people voted for on 23rd June 2016 to leave the European Union. In an article in...

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