Effect of Brexit on International Money Transfer

Added on - 21 Feb 2021

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RESEARCHPROPOSAL
Table of ContentsTOPIC:.............................................................................................................................................3CHAPTER1: INTRODUCION.......................................................................................................3Rationale of the Research...........................................................................................................3Background of the topic.............................................................................................................3Research problem.......................................................................................................................3Research aim:.............................................................................................................................4Research objectives.....................................................................................................................4Research questions......................................................................................................................4CHAPTER2: LITERATURE REVIEW..........................................................................................5CHAPTER3: RESEARCH METHODOLOGY..............................................................................7REFERENCE...................................................................................................................................9APPENDIX...................................................................................................................................10Research Ethics Approval Form...............................................................................................10
TOPIC:“To ascertain the effect of Brexit on international money transfer.” A study on WesternUnion.CHAPTER1: INTRODUCIONThe term Brexit is the short form of British Exit. During the period of Brexit, the two mainpolitical parties of the UK were separated from each other where European government hastaken withdrawal from the Britain (Gudgin and. et. al., 2018). The Britain has debated a lot onthe different pros and cons of Brexit which has created a crucial impact on the external businessenvironment of the country. This research will be based on impact of Brexit. It will ascertain thedifferent aims and objectives, background of the research, topic scenario, etc.Rationale of the ResearchThe research will be conducted on the topic of ascertaining the impact of Brexit because ithas a very crucial role to play. By conducting the research on this topic, the researcher will makeuse of different tools and techniques so that true and fair results can be presented. The researcherhas the ability to determine the different aspects through which the aims and objectives of thecompany can be fulfilled. The organisation which will be considered for this research is TESCOwhich has initiated its business operation from the year 1951. This company deals in providingfinancial services like wire transfer, money orders, money transfers, etc.Background of the topicThe chosen topic for this research is “To ascertain the effects of Brexit on money transfercompanies.” A study on western Unions. This topic has been selected by the researcher becauseit has differently affected the different sectors and industry operating at the market place. Withthis, the proper results can be framed regarding the sufferings and problems faced by theorganisations in order to attain the business objectives and goals.Research problemThe problems are inseparable and so researcher has also faced problems while conductingthe research. The main problem which has become obstacle is the problem of managing fundsappropriately. The researcher has failed to maintain the funds which has lead to shortage anddeficiency of money and made the research quiet expensive. Apart from this, the poor
communication skills which has lead to non response of respondents and made the research timeconsuming.Research aim:“To ascertain the effect of Brexit on international money transfer.” A study on WesternUnion.Research objectivesTo study the concept of Brexit.To review how Brexit will affect the changes on the currency and international moneytransfersTo analyse willBrexit affect they transfers of money to a different countries in EU andanother countries.To evaluate will the Brexit impact will bring to a loses for people sending money out ofUK .Research questionsDo you know about the concept of Brexit?How Brexit will affect the changes in the currency and international money transfers inWestern Union?What will be the impact of Brexit on transferring money to the different countries in EUand other countries?Will the Brexit impact will lead to losses for the people who are sending money out ofUK?
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