|Title of host publication||Encyclopedia of Business and Professional Ethics|
|Editors||Deborah C. Poff, Alex C. Michalos|
|Number of pages||6|
|Publication status||Published - 3 May 2023|
With about 65 million inhabitants,Footnote1 the UK comprises less than 1% of the globe’s population. Nevertheless, it is a significant economy, a member of the Group of Eight (G8) industrialized nations, and London is currently the largest financial center in Europe and dominates worldwide in certain financial areas (Goddard and Wilson 2016). The UK’s business framework is well established and influential; for historical reasons – namely, the British Empire, which at its zenith covered about a quarter of the world’s population – its institutions and business practices have had influence out of line with its current economic power. Since 1974 it has in turn been affected as a member of the European Union (EU). However, at the time of writing, it is in the process of leaving the EU following the referendum of 2016 when approximately 52% of those who cast their vote expressed a preference for “Brexit.” How this will affect the...