Brexit and Business

In this study guide, you will learn more about the impact of Brexit on business. It is designed for AS/A Level Business students.

What the CBI thinks of Brexit

The FT talks about the kind of regulations that business likes: will business see them after Brexit?

Uncertainty and its effects on business

Business and the 'no deal' scenario

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Details

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Details

Learning outcomes:

In this study guide, you will learn more about BREXIT AND BUSINESS

  • What kind of trade policy does business want the Government to pursue?
  • What kind of political environment does business desire and why?
  • Do different businesses have different ideas about the above?

The activities are intended to help you deepen your understanding of these issues. They will also support the development of those critical thinking skills that you will be expected to demonstrate in your A / AS Level Exams, and at university. 

If you are a STUDENT you will find these activities useful as part of your self-guided study or exam preparation. 

If you are a TEACHER you may wish to incorporate these activities into your lesson plans either as individual OR small group activities. 

ALL CONTENT INCLUDED IN THIS STUDY GUIDE HAS BEEN COMPILED BY THE GENERATION BREXIT PROJECT TEAM UNDER THE DIRECTION OF DR JENNIFER JACKSON-PREECE, DEPUTY HEAD OF THE EUROPEAN INSTITUTE, LSE. 

Activity 1

This activity asks you to consider the attitude of different business groups, both in and outside the UK, towards Brexit. You should read the following articles, paying careful attention to the evidence each provides. What does each one say about the likely impact of Brexit on business? How does the CBI's perspective differ from that of foreign investors? You should be prepared to fully explain your position.

Here is a Confederation of British Industry (CBI) perspective on Brexit:

http://blogs.lse.ac.uk/brexit/2017/08/14/listen-to-businesses-now-we-urgently-need-a-transitional-deal/

The effect of Brexit uncertainty on firms’ willingness to invest:

http://blogs.lse.ac.uk/brexit/2018/01/24/how-damaging-would-a-no-deal-brexit-be/

Brexit and financial markets:

http://blogs.lse.ac.uk/brexit/2017/06/27/brexit-will-bring-disruption-to-financial-markets-and-reduction-of-systemic-risk/

Activity 2

This activity asks you to look at the prospects for British business after Brexit. Reading through the below articles, do you feel British business is prepared to face the challenges of Brexit? You should aim to identify a series of POINT / EXAMPLE / EXPLANATION style arguments based on the readings below. After you have completed these notes, take some time to consider your own point of view. Which arguments do you find most convincing, and on what basis? Be prepared to fully explain your position citing relevant evidence.

You should then try to identify reasons FOR and AGAINST the following proposition: Brexit will boost British business

Is British business more international than European:

http://blogs.lse.ac.uk/brexit/2017/11/02/was-british-business-destined-to-leave-the-eu/

Supply chains for UK businesses:

https://www.pwc.com/gx/en/issues/assets/brexit-supply-chain-paper.pdf

Pros and cons:

https://blackstonesolicitorsltd.co.uk/category/blog/brexit-good-business-pros-cons/#.WumZCtPwZp8

Our Common Future After Brexit

This activity invites you to join our Generation Brexit community and directly take part in the debate on Our Common Future After Brexit. These links and videos should have helped you think more deeply about what Brexit can mean, positively or negatively, for UK business. Next you should go to the platform to read what other young people think. Try to decide what YOU think.

Do you have an IDEA to share?

Generation Brexit has one purpose: it gives young people across the UK and the EU a voice in the Brexit negotiations. By taking part in this policy making project you can shape the future of UK-EU relations post-Brexit. The best ideas will be turned into policy proposals sent to the UK and EU parliaments. 

Generation Brexit is also offering an exciting opportunity for Sixth Form students to intern with an LSE crowdsourcing project as a PLATFORM FACILITATOR responsible for encouraging constructive engagement with Brexit related issues amongst platform users.

Each PLATFORM FACILITATOR will be expected to spend half an hour on the platform each week for a period of four weeks, and earn 100 participation points on the platform. These participation points can be earned by voting or commenting on other people’s ideas, responding to surveys or posting your own ideas. PLATFORM FACILITATORS who fulfil these requirements will receive a certificate  from the LSE to highlight their contribution to the project.

This is a great opportunity to participate in the Brexit debate and gain valuable experience that you can include in your UCAS personal statement. For more information contact brexit@lse.ac.uk

The FT has its say on the matter

But are there reasons for optimism?

Maybe - but there are problems too. Like: supply chains?

Don't forget the financial markets!

Pros and cons for business

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