Business ethics in the UK

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Abstract

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...
Original languageEnglish
Title of host publicationEncyclopedia of Business and Professional Ethics
EditorsDeborah C. Poff, Alex C. Michalos
PublisherSpringer, Cham
Pages272-277
Number of pages6
Edition1st
ISBN (Electronic)9783319235141
ISBN (Print)9783030227654
DOIs
Publication statusPublished - 3 May 2023

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