UK Leaving EU June 2016

The referendum soon to take place this month will decide the fate of UK on whether it will remain as an active participant and member of the European Union.

There are many concerns surrounding the UK Exit from the EU because of the immediate damage it will cause to migrant workers who work in Europe and abroad, and are protected and assisted by EU law and regulation, which on exiting the EU will fade without proper EU support or backing.  UK as a member of the EU retains many employment laws for workers, protects people from crime because of the cohesion it creates, and those who benefit now could more than likely suffer from its loss.

EU business and employment law assists in resolving jurisdictional contractual disputes; encouraging placement of workers; and allowing wages to be paid in domiciled places of residence, all of which help the UK economy and foreign economies. Business relations with EU countries are strongly dependent upon EU business regulations, domestic and abroad, for exportation, trade, commerce and day-to-day business running, which if the UK leaves can make business commercial relations stale.

European business and business policy protects migrant workers, gives them employment rights and civil rights.  It creates the spread of equality between fellow countries in the EU for trade and commerce, which will leave the UK in a difficult situation if this protection disappears. Countries like USA have said it would be difficult to make new business with the UK if it leaves the EU as it will be dealing with the EU on a larger scale in future times.

Asian and African countries would have to adapt to this change since their economies have been steadily on the increase as infrastructure over the last 7 years has been improving rapidly. The upkeep of international foreign business relations no matter what the turnout is essential. Countries in Asia and Africa would have to strengthen European relations with other EU countries instead, hold on to and continue with their good business relations in providing certain products like materials and foods.  Around more or less than a third of Asian and African GDP export is with Europe and around half of GDP trade is with Europe.  These economies can still rise with the right international relations depending on if there is enough domestic and foreign investment, business regulation, supply, workforce and demand.

If UK did leave the EU European business relations would need to counteract the Exit’s potential economic downturn. Stimulus in business investment and entrepreneurial management would react well with the massive change. The country would also need to ratify stringently the EU policy and regulations which currently protect its citizens and businesses, by not changing them in any way, shape or form.