Student’s Name: Tutor’s Name: Course: Date: Brexit and currency devaluation Introduction The June 2016 referendum led to the withdrawal of the United Kingdom from the European Union. Before the left vote economist strategist and proponents warned against economic catastrophe and shock leaving the country at the risk of recession. The impacts of the remaining vote would bear both positive and negative outcomes to the business world and economy at the general. The first half-year after the majority saw the economy do well against the pessimistic prediction by a large group of economists. However after some time the citizens are beginning to feel the adversity of economic strains and imbalance. Economist highlighted the need for consideration to prevent adverse impacts on the economy (D i l n o t 2016). However a majority voted for United Kingdom withdrawal from the European Union without concerns of the effects on business and the prevailing market conditions thrive or even become better. Work cited D i l n o t : UK Statistics Authority statement on the use of offi cial statistics on contributions to the European Union 27 May 2016 available at www.statisticsauthority.gov.ukBank of England (2016a) ‘Statement from the governor of the Bank of England following the EU referendum result’ 23 June 2016. Available at: http: S. G. Ottaviano T. Sampson and J. Van Reenen (2016) ‘The Consequences of Briexit for UK Trade and Living Standard’ Centre for Economic Performance G. O s b o r n e : HM Treasury analysis: The immediate economic impact of leaving the EU London 2016 Kierzonkowski Rafal N. Pain E. Rusticelli and S. Zwart (2016) ‘The Economic Consequences of Brexit: A Taxing Decision’ OECD Economic Policy Paper Minford P. (2016) Understanding UK trade agreements with the EU and other countries Cardiff University No. E2016/1 [...]
1. Identify the most important facts surrounding the case. 2. Identify the key issue or issues. 3. Specify alternative courses of action. 4. Evaluate each course of action. 5. Recommend the best course of action.