Brexit
- Created by: briaferne1
- Created on: 29-10-18 15:27
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- Brexit
- Markets most likely affected
- Automotive
- Exporting 77% of cars, of which 58% go to EU
- Airlines
- readjust European routes to keep with EU laws, and have to adjust costs to include visas
- Easy Jet saw 20% drop in share price following Brexit vote
- Pharmaceutical
- Research done abroad
- Currently use EU regulation which allows early introduction of some drugs which is quicker than Uk's process.
- Fiancial
- Massive drops in share price (average of 30% from multiple banks)
- May have to restructure operations and have additional assesments
- Automotive
- Economy after 24th June 2016
- Britain’s growth rate bounced back in the second quarter to a 0.4 per cent rate, from 0.1 per cent at the start of the year
- Hot summer encouraged spending
- Finanical Times research has shown that by the end of the first quarter, the UK economy was between 1% and 1.5%smaller than it would have been without the Brexit vote
- Growth in full-time employment
- Real Wage growth fell as inflation rises about Bank of England's target
- UK stocks performance poor
- Government support for industries
- Separated industries into high, medium, and low priority groups
- Financial services, pharmaceuticals, and agriculture are among "high priority" sectors.
- Legislative challenges and Implications
- Need to not introduce non-essential changes in the repeal bill.
- Save secondary legislation made under ECA as to have continued affect.
- Employment laws
- Discrimination and family leave rights, working time regulation, protection for atypical workers, health and safety in the workplace and the rights of employees
- Created by EU regulation
- Unlikely to have major changes as many seen as rights rather than just laws
- UK has some laws going further than EU legislation
- Markets most likely affected
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