The UK is scheduled to leave the European Union on the 29th of March of this year. The UK has three options available to it at this point: no deal Brexit, common market, or stay in the EU. The is a very complex issue for politicians in the UK. However, it is exponentially more complicated for business in the UK and elsewhere. This situation/assignment create an opportunity for you to see just how complicated international trade relationships can be for business with little or no control of the future

https://www.bbc.com/news/uk-politics-32810887

You are a senior officer at Hi-neighbor! A multinational corporation with offices in New York, London, Frankfort, Shanghai, Kuala Lumpur, and Rio. Your CEO has come to you to ask for your recommendation for what your company should do following March 30, 2019. (The day the UK leaves the EU). The CEO wants your analysis of the following situations:

1)No deal Brexit 2)common market Brexit (Like Norway), and 3)abandoned Brexit (UK stays in EU)

The CEO wants input on the following:

1)tariffs, access to markets 2)the need for a London office 3)changes in production schedules 4)changes input availability

5)increased risk to the financial situation of the Pound 6)need for insurance against predicted losses.

7)moreover, overall recommendation for the aftermath of the 3 Brexit situations.

Again this is a formal document to be sent the CEO of the Hi-Neighbor! You will need one memo for your group the contains three situations involving Brexit and Information about the CEO’s concerns.

Answer preview

Overview

It’s apparent that the UK is planning to exit the EU on 29 March 2019.  According to Lawless, & Morgenroth, (2019), UK is likely to one of the three options which include no deal Brexit, common market Brexit or abandon Brexit.  Any possibility that the UK will choose will have implication on the business as shown in the following cases.

No deal Brexit

According to Oehler, Horn, & Wendt, (2017), no deal Brexit means that the UK will leave the EU on 29th March 2019 as scheduled without any agreement which may affect the UK relationship with the EU.  Similarly, no deal Brexit will negatively impact business.  It will mean that the tariff will be introduced in for the business…

 

(800 words)