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It is all doom and gloom. Today, we found out that the Impact assessments of Brexit on the UK 'don't exist’ according to Brexit Secretary David Davis. News like this creates absolute uncertainty for everyone; it creates particular uncertainty for businesses looking to invest in the UK. This is because with everyday that goes by it becomes more apparent that the British government are at wits end with Brexit; and understandably so. Brexit itself is unchartered territory. It is also increasingly apparent that the EU are highly unlikely to afford Britain a completely comfortable exit, therefore ensuring some sort of hit on the British economy. The extent of the hit is what will worry many businesses looking to trade within the UK as well as the EU. With the BREXIT SECRETARY himself so far failing to complete an impact assessment, this should bolster further negative speculation and worry all stakeholders.

Ahh Brexit. Its seems as though every new day brings along a new issue with no promise of any benefits and no light at the end of the tunnel. Today arose the issue of regulations and regulatory alignment . EU nations are required to comply with EU regulations in order to ensure the quality of products being traded freely within the bloc. Britain leaving the bloc raises the questions of whether or not to keep the same regulations. The creation of new regulatory standards is thought to be a long and tedious process and is further complicated by Northern Ireland and The Republic of Ireland’s border disagreement. A difference in regulations between the two nations means more regulatory barriers between Ireland and the rest of the UK.

On the 5th of November 2017 the second largest data leak in history occurred. Confidential documents containing details of offshore investments were made public and included some prominent names such as Prince Charles and Queen Elizabeth amongst others.   The premise of the Paradise Papers is an exposé “on how wealthy individuals and companies use offshore accounts to make their fortunes untraceable and unreachable.” The leak was always going to have political implications across the globe but the involvement of British corporations, individuals as well as monarchy will likely bear particular significance on the future of British politics. Why? Because inequality has been one of the major political talking points in the UK for the past few years. The issue of inequality appears to be on the heart and minds of britons and is generally seen as one of the major driving forces behind the majority leave vote during the EU referendum. In June 2017, the issue of inequalit...

As BREXIT are still in the talks, and processing we now see why Ireland is being part if it’s problem. It looks like the border is currently invisible, with no boarder control and traffic can run smoothly and no military check point. What’s the problem here, that BREXIT would leave Northern Ireland outside of the EU, which mean any goods going in would need to be inspected and it’ll require a tariff. But the EU thinks Northern Ireland should remain inside the internal market.     Read more Here-> http://money.cnn.com/2017/12/01/news/economy/irish-border-brexit/index.html     Work Cited Riley, Charles. “Irish Border: The 'Oxymoron' That Could Derail Brexit.” CNNMoney , Cable News Network, money.cnn.com/2017/12/01/news/economy/irish-border-brexit/index.html.

As BREXIT is still ongoing, the future not looking good. After U.K Treasury published its report,  it look like there is going to be a weak outcome for growth. Britain have fallen out the top 5  world’s economies. From the report it looks like Britain would be unable to have a pay hike until 2025, that means 17 years without any pay raise. The ORB (Office of Budget Responsibility) predict that in 2025 it’s annual wage would be $740 below its pre-crisis peak from prior year. But Treasury chief Philip Hammond  have said to have set  $4billion to prepare BREXIT up to the next two years after it’s departed. But right now, it looks like the bill for BREXIT “divorce” from the EU, have been piling up. Read more http://money.cnn.com/2017/11/23/news/economy/brexit-pay-raise-britain/index.html Work cited Kottasová, Ivana. “17 Years without a Raise? Welcome to Brexit Britain.” CNNMoney , Cable News Network, 24 Nov. 2017, 8:56, money.cnn.com/2017/11/23/news/economy/br...

It looks like BREXIT is far from done. Talks are still on going. It’s still unclear about what would happen after BREXIT. It’s looks like the issue of Ireland hasn’t come to an agreement, therefore without any progress, the EU won’t discuss any future trading relationship.   Britain had hope for a conclusion, so it can move forward onto the next phase. Secondly, Businesses are worry, according to the article “Key trade, regulations and legal agreement under the Britain’s economy will be invalided is no deal is struck”. And while business are clamoring for clarity. Plus, businesses want time and a transitional period (up to 3 years) so that can adapt wo what will happen to BREXIT.   Work cited: Chief EU negotiator Michel Barnier issued the deadline on Friday as the sixth round of Brexit talks wrapped up in Brussels without a breakthrough. “Brexit: U.K. Must Offer More Cash or EU Won't Talk Trade.” CNNMoney , Cable News Network, Read more here: http://money.cnn.com...