Research Proposal Assignment Sample

Introduction Of Research Proposal Assignment 

Brexit which now refers to Britain’s decision to pull out from the European Union has marked a new political reality. Brexit not only replaced the old political context with the new one in the European Union but also changed the portrait of the economic environment in the UK and their relation to business cooperation. When the transition period of Brexit ended on the 31st of December 2020, the UK began trading on its terms with the countries, within and outside Europe. But there are still some questions about the further consequences of the given changes. Therefore, the purpose of this proposed research study is to assess the tendencies of UK companies and their markets after Brexit and the changes in their trade. This article’s main focus of discussion is to review the large and extending economic and trade relations of Brexit, to understand how organisation have responded, to identify the stress they still encounter, and to evaluate the refurbishing of the UK international trade map. Priority will be accorded to sectors including, manufacturing, finance services, and agriculture sectors. This research will employ both quantitative and qualitative research to acknowledge these impacts and will attempt to forecast the potential future condition of the British economy after Brexit.

Don't compromise on quality. Choose New Assignment Help for 100% original Assignment Help that meets your academic goals.

Research Objectives

This proposal outlines a study aimed at addressing the following objectives:

• To analyse the impact of Brexit on organizations at the operational level in the UK and over time and analysing the impact of Brexit for selected industry categories.
• To analyse the effects of Brexit on the UK’s trade balance with the EU and extra-European partners.
• To find out what measures UK businesses are using to overcome the challenges they meet when implementing changes in economic and regulatory systems.
• To assess the impact of the UK government policies in reducing the negative impact of Brexit to businesses.

Research Questions

• What are the impact of Brexit on organizations at the operational level in the UK and over time and analysing the impact of Brexit for selected industry categories.
• What are the effects of Brexit on the UK’s trade balance with the EU and extra-European partners.
• What measures UK businesses are using to overcome the challenges they meet when implementing changes in economic and regulatory systems.
• What is the impact of the UK government policies in reducing the negative impact of Brexit to businesses.

Literature Review

Brexit has altered the political and economic structure of the United Kingdom significantly altering sectors, businesses, and trade relations. Initially, research that appeared soon after the Brexit referendum in 2016 primarily emphasized identifying short-term consequences, whereas contemporary research has discussed long-term economic, regulatory, and business consequences as well. This paper aims to review the literature on the effects of Brexit on UK enterprises, more especially in the financial, manufacturing, services, and agriculture industries and on its trade relations.

Financial Sector

Of all the industries, the financial services industry has perhaps been one of the most severely affected by Brexit, and this has always been a major industry in the UK. Armstrong and Portes (2021) explain that Brexit eliminated the UK’s ability to use passporting rights where institutions have unrestricted access to the EEA. This loss has borne significant ramifications culminating in many institutions especially banks shifting some operations to some European centres like Frankfurt, Dublin, and Paris. Armstrong and Portes contend that this will lead in the long run to a diminution in the size of the UK financial sector and relative Contractors' weight in the international financial system. Accordingly, other scholars point to possible threats that could lead to the widening of the financial firms' markets not in Europe. While writing on Brexit, Howarth and Quaglia (2020) argue that the gradual withdrawal from the EU allows the UK to adapt the regulatory standards making it easier for firms to prototype in the growing fields such as fintech and cryptocurrencies. But they also advise that such opportunities may not be enough to balance the losses occasioned by restricted markets in the EU, especially in the banking and insurance industries. The future of the UK’s financial services exports to the EU will also depend on the continuing jurisprudence of the equivalence agreements that enable the cross-border supplies of similar services under similar regulations.

Manufacturing Sector

The manufacturing industry particularly with deeply embedded supply chains across the European continent similarly took a severe hit because of Brexit. Serwicka and Tamberi (2020) addresses the problem of how UK manufacturing firms have been grappling with new tariffs, customs checks, and regulatory divergence. Their investigation indicates that industries like automotive, aerospace and pharmaceuticals, which relied on JIT supply systems, experienced some supply chain disruptions and costs arising from Brexit. Another drawback by several studies includes the reduction of FDI in the manufacture sector in the United Kingdom. Dhingra, Ottaviano, and Sampson (2017) estimated that FDI reduced dramatically after the Brexit referendum, because the British companies delayed investments because of the turbulent Brexit negotiations. Based on this research, the implication for the manufacturing sector will see UK manufacturers become less competitive and grow at a slower rate than counterparts in Europe. However, those challenges some researchers view the positives of the issue. Hunt and Wheeler (2021) claim that Brexit can played a role of shift in supply chain logistics from Europe to other global locations, including America and Asia. This may well help diversify, but the extent of reorientation depends on the UK’s capacity to secure deals and adapt to standards outside Europe, which takes time, and may not fully offset gains in European markets.

Services Sector

This has been more evident in the services industry which contributes the majority of the total GDP in the UK economy, above 80%. Before Brexit, the UK providers of services especially in the likes of legal advice, consultancy, and IT had seemingly had tariff-free access to the EU market. Restriction of free movement of people and services has limited the UK company's global mobility, thus hitting their competitiveness. In a study conducted by Springford and Tilford (2021), it was established that visa and work permit acquisition have been problematic, more so to the service givers who are most inclined with the border controls in the legal and professional service sectors. In addition, the lack of MRAs between the UK and the EU means that professional qualifications are no longer automatically recognized on both sides. Springford and Tilford posit these changes are not only making business unprofitable for most service providers in the UK but also are also exasperating “brain drain” situation as the skilled worker moves to other countries within the EU where they stand better chances of getting opportunities. Nevertheless, some literature contains a positive perspective of the services sector outside the EU. Specifically, Ebell and Warren (2016) note that Brexit may open the door for the opportunity to expand their services beyond the European market area to those markets in Asia and North America where growth is expected in the future. They contend that although the British market is less open to the EU, due to the skills standout in legal, financial, and professional services, Britain can work internationally effectively if adequate trade deals are signed.

Agriculture and Labor Market

Brexit impacts on the agricultural industry have been severe resulting from the pull-out from Common Agricultural Policy CAP and the imposition of tariffs on the agricultural products imported and exported from the EU. Nye (2021) emphasizes the dual challenge facing UK farmers: Not only have they lost CAP subsidies but they have had to find their way through new tariff structures; which has promoted unpredictability in price and disconnection of supply chains. This has been made worse by the extension of immigration controls in countries receiving immigrants. Nye’s work also shows the negative impact of the decline in the availability of season workers, a majority of whom were from the EU, which threatens to create a scarcity of workforce in the agriculture industry. These scarcities have in the process raised the cost of production and reduced productivity, especially in countries that rely on the export of horticulture produce and livestock. However, there is still evidence that the UK government has made new agricultural policies to reform CAP subsidies for payments for environmental and sustainable outcomes. As Matthews (2021) has noted, such policies could be used to potentially facilitate a shift towards a more sustainable model of UK agriculture over the longer term but there are questions marks about the ability of these measures to support the sector in the shorter term.

Research Methodology

This research hence takes a qualitative research approach as it seeks to establish the long-term impacts of Brexit on businesses and trading partners of the United Kingdom. This form of research approach is suitable because it focuses on finding qualitative rather than quantitative information on the relative subject of study, which is the impacts of Brexit on connectivity in different sectors. This study seeks to establish what constitutes experiences, perceptions, and professional opinions of firms to assess the drivers of business adaptation and the characteristics of changing trade relations post-Brexit. The main data-gathering technique for this research will be interviews. Each interviewee will be purposively recruited from financial services, manufacturing, agriculture, and trade sectors and policymakers and trade specialists. In particular, participants will be chosen based on their field of activity related to industries that are most affected by Brexit, you will get a diverse vision of all the changes that have taken place. Data gathering will revolve around the participants’ impressions and observations of the problems and opportunities that arose with Brexit. Little is known about the topics that will be asked in the interviews including regulatory changes, supply chain disruptions, labour market changes, tariff issues, and market diversification. These interviews will offer important QUODs which will permit the researcher to noteworthy the daily experiences of business leadership and trade officials functioning during the post-Brexit period. The data analysis will be thematic as it will be comparative, comparing the patterns that come out of the interviews. Issues and discussions will be marked to group them into significant concerns, approaches, and results mentioned by participants. This approach will prove of great importance in arriving at a reasonable understanding of how different sectors are dealing with the long-term impact of Brexit and the changing nature of trade relations in the new environment. To enhance the credibility of the study, the researcher will use triangulation, whereby the interview will be compared and contrasted with secondary sources of information including government documents, industry reviews, and academic literature on Brexit. This will enhance the generalisation of results indicating primary data and the existing literature on the topic. Therefore, the qualitative methodology enables researchers to capture detailed and complex economic dynamics in the aftermath of Brexit, and with that to offer an in-depth understanding of the future development of UK businesses and trading relations.

Potential Contributions

This study will therefore be instrumental in helping understand the diverse ramifications of Brexit on the UK businesses and trading partners with a wealth of information on how different sectors have fared in the long-run. As the data sources of this study solely comprise qualitative information from key industry players, the study will shed light on actual industry concerns and solutions, which can guide organisations in regards to regulatory shifts and market variations. The findings will add to the current knowledge by presenting different sectoral views, and will hence be useful to policy makers, trade practitioners, and business managers to understand and develop relevant post-Brexit approaches to trade diplomacy, to enhances future British economy.

Conclusion

In this research, fundamental and emerging dynamics of Brexit on the businesses and trading patterns of the UK are in focus. It is, therefore, the hope of this study to give a general understanding of the effects of Brexit across the different sectors and inform business and policy decision-makers on the best way to operate in the new-year economic climate.

References

• Armstrong, A., & Portes, J. (2021). The Economic Consequences of Brexit: A Stocktake. National Institute Economic Review, 256, R3-R16.
• Howarth, D., & Quaglia, L. (2020). Brexit and the Battle for Financial Services. Journal of European Public Policy, 27(10), 1563-1580.
• Serwicka, I., & Tamberi, N. (2020). UK Trade and the Economic Impact of Brexit. UK Trade Policy Observatory.
• Dhingra, S., Ottaviano, G., & Sampson, T. (2017). The Impact of Brexit on Foreign Direct Investment in the UK. CEP Brexit Analysis Paper, No. 3. Centre for Economic Performance.
• Hunt, A., & Wheeler, B. (2021). Brexit: All You Need to Know About the UK Leaving the EU. BBC News. https://www.bbc.com/news/uk-politics-32810887
• Springford, J., & Tilford, S. (2021). The Economic Impact of Brexit on Services. Centre for European Reform.
• Ebell, M., & Warren, J. (2016). The Long-Term Economic Impact of Leaving the EU. National Institute Economic Review, 236, 121-138.
• Nye, J. (2021). Brexit's Impact on UK Agriculture: Labour, Subsidies, and Trade. Agricultural Policy Review, 12(2), 45-67.
• Matthews, A. (2021). UK Agricultural Policy Post-Brexit: Transitioning to a Sustainable Future? Agri-Economics Review, 5(3), 34-50.
• Hayward, K., & Rosamond, B. (2022). Post-Brexit UK Trade Policy: The Pursuit of New Economic Partnerships. International Affairs, 98(2), 353-373.

Author Bio

Jamie Morghan   4 Years | D,Sc. in egineering

I have always liked doing research and writing a thesis for engineering subjects. In my graduation years also, I was able to score the highest marks in all my submissions. Am a very determined writer who can write efficiently even for short periods. I have a lot of experience in designing assignments according to student's requirements.