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UK post-Brexit; The Service Economy Fallacy
Halmstad University, School of Business, Engineering and Science.
Halmstad University, School of Business, Engineering and Science.
2017 (English)Student paper other, 5 credits / 7,5 HE creditsStudent thesis
Abstract [en]

In June 2016, UK chose to terminate the EU membership. The negotiation period for the exit (Brexit) has started at a time the UK economy has become increasingly dependent on the service sector as the main engine of job generation and a source of export demand. The purpose of this study is to give an overview of how Brexit possibly influences the service economy within the UK. The empiric data is collected from recent journal articles exposing issues regarding the service economy fallacies reasoned for regarding distribution of goods, user-financed services and tax-financed services. Findings revealed that a termination of the EU membership has led to market consternation and dramatic drop in the British Pound Sterling, which may affect the production costs, the wages, and the international trade that may lead to the fact that the competitiveness of the UK's service economy may be weaken. Besides, the sustainability of the pension system may be negatively affected due to the decreased immigration from other EU member states. Also, there is a need to reconstruction of the security and defence policies, which on the other hand may meet obstacles to remain the cost-efficiency.

Place, publisher, year, edition, pages
2017. , 13 p.
Keyword [en]
service economy fallacy, Brexit, UK
National Category
Social Sciences Economics and Business
Identifiers
URN: urn:nbn:se:hh:diva-33311OAI: oai:DiVA.org:hh-33311DiVA: diva2:1075580
Subject / course
Scientific method
Available from: 2017-02-20 Created: 2017-02-20 Last updated: 2017-02-20Bibliographically approved

Open Access in DiVA

fulltext(470 kB)360 downloads
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Type fulltextMimetype application/pdf

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Le, Thanh HuongKarlsson, Malin
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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf