Cliff edge: Difference between revisions
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*[[Big Bang]] | *[[Big Bang]] | ||
*[[Brexit]] | *[[Brexit]] | ||
* [[Brexit implementation period]] | |||
*[[Tax]] | *[[Tax]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Revision as of 17:11, 16 December 2020
1.
An abrupt and large transition from one state to another, either from the passing of time, or from a small change in an input which causes an unusually large change in an output.
2.
Disruptive negative effects resulting from such a change.
Phased Brexit changes
- "Britain will seek a phased implementation [of Brexit changes] to avoid a 'disruptive cliff edge' when Britain eventually leaves the EU."
- The Treasurer magazine, February 2017 p8 - Report on speech of January 2017 by UK Prime Minister Theresa May.
