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Effects of Brexit

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Effects of Brexit

Effects of Brexit


Effects of Brexit on the UK especially the Nestle

The meaning of the word briksit is to withdraw membership from the European Union to EU membership. It proved to be the most significant economic separation between the two major economies. When the European Union voted to leave its membership from the European Union, it was a wave of shock for the European Union and the rest of the world. The United Kingdom has experienced increased fuel prices and materials in the last few years. The increase in prices of those procurement products has reached about 7.6 percent. This increased the slow economic growth of the United Kingdom from 0.7 percent to 0.3 percent. The import costs of manufacturing products increased and this has severely affected the manufacturing industry (Gianmarco, John, and Ottavian, 2016). Therefore, it slowed down the development of the UK's industrial revolution by 1 percent. The main reason behind the weakening of the manufacturing industry is the low value of the pound at the exchange rate. Decreasing the productivity level of all UK enterprises reduces the revenue of the industry without taking some important steps. However, Britain has not yet left the European Union. In the last four months of 2016 some reports grew in Britain's economy. Gross domestic product (GDP) increased by 0.7 percent. However, there is a greater negative impact on the UK's economy to be different from the European Union, on major UK firms.

The business condition of the United Kingdom will have gone bad. According to the British Chamber of Commerce, most of the enterprises are experiencing an increase in expenditure for the purchase of raw materials. The disruption of supply chain has reduced profits of the UK manufacturing company by 30 percent. Most retailers and risks at different manufacturing companies have risks (Kierzenkiwski, Pain, and Rusticelli, 2016). In addition, aerospace and pharmaceutical companies have been benefited for depreciation in British currency. The United Kingdom left the European Union for many reasons. Therefore, there were negative negative effects on some companies producing brand products. Nestle Company is one of them. Major parts of Nestle Company's manufactured products are eaten by UK citizens. Market value of Nestle products has increased due to the fall in the value of pounds. The Nestle company is already affected by the newly emerging market in the global market structure. This breakdown between two major economies such as the UK and the European Union is due to the increase in raw material in the UK. Therefore, the Nestle company has been going through many difficulties recently. Nestle company retailers are under pressure for various conditions like the decline in the value of pounds in the international market, and the rise in prices in the market (Simon and Francescu, 2016). It is observed by the National Statistics Report that the import of raw materials of raw material has reached 10.9 percent. The price of Nestle products has been a major challenge for the Nestle company.


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