Advanced Higher Business Management: UK leaving the EU impact

What is the impact of UK leaving the EU

Trade and economics: One of the most significant impacts of Brexit has been on trade between the UK and the EU. The UK is no longer part of the EU single market and customs union, which has resulted in new tariffs and trade barriers. This has had a negative impact on the UK economy, particularly for certain industries like agriculture and manufacturing.   Immigration and workforce: Brexit has also had a major impact on immigration and the workforce in the UK. The UK's departure from the EU has resulted in changes to immigration rules and restrictions, making it more difficult for EU citizens to work and live in the UK. This has caused concerns for businesses that rely on a mobile workforce and may lead to skill shortages in certain industries.   Political and social: The UK's exit from the EU has also had significant political and social impacts. The Brexit vote and its aftermath have caused division within the UK, with different parts of the country having different opinions on the issue. There have also been concerns about the potential impact on the peace process in Northern Ireland.   Legal and regulatory: Brexit has also had a major impact on the legal and regulatory landscape in the UK. The UK is no longer bound by EU laws and regulations, but many of these laws and regulations have been incorporated into UK law. This has created uncertainty and confusion for businesses and individuals, particularly in areas like data protection and intellectual property.   Foreign relations: Finally, Brexit has had an impact on the UK's foreign relations, both with the EU and with other countries around the world. The UK is now free to pursue its own trade deals and relationships, but it has also lost the benefits of being part of the EU's unified voice on the global stage. This could have long-term implications for the UK's ability to shape global events and for its standing in the world.