PEST - Political.

PEST - Political.

• Here government regulations and legal factors are assessed in terms of their ability to affect the business environment and trade markets. The main issues addressed in this section include political stability, tax guidelines, trade regulations, safety regulations, and employment laws.

PEST-Political.

• Limitations on trade is due to a maximum size for vehicles, this affects businesses because it limits the amount of stock they can transport at a time.

PEST-political.

• The UK is subject to all the rules passed by the EU. these include regulations and directives. introduced in 1999 the legislation has resulted in increase in competition, market size and multinational companies such as nestle.

EU monetary union.

• the EU introduced a single currency in 1999. It means transaction costs when changing currency for UK. some companies located outside the UK to be in the Euro-zone.

EU enlargement.

• a number of UK firms moved production for cheaper labor. these workers often fill skill gaps that we have in the UK. gains to be made are often high but are accompanied by high risks.