The performance of the Uk retail sector during the global financial Dissertation

The performance of the Uk retail sector during the global financial crisis - Dissertation Example In the result, the UK government (HM Treasury, pp. 23-25, 2009) has been putting huge amount of efforts to avoid slowing down of retail sector’s performance as it would have easily resulted in adverse impact on the GDP. One of the indicators of major participation of UK’s retail sector is its fourth ranking in the global trade market despite only having 1% of the global population (HM Treasury, pp. 59-63, 2010). This shows that UK’s retail sector does have potential and government is taking every possible step to take care of it by even going for a high budget deficit. To create an understanding of UK’s retail sector, British Petroleum is a well-known entity of the same sector that comes second in European continent and is so far the largest industrial corporation of the country. Besides BP, UK’s retail sector is proud of its mechanical engineering and manufactured goods that have been contributing majorly in the UK’s export market (Hiles, pp . 39-46, 2010). Furthermore, services such as banking, brokerage, etc are few other constituents of UK’s retail sector that have enabled the United Kingdom to fulfill 10% of the global needs. In specific, performance of UK’s retail sector is playing a crucial role in strengthening economy of the country, and from this understanding, it has now become imperative to carry out research on the country’s retail sector that will be indicating efforts of the governments in midst of financial crises to save its retail sector (Kolb, pp. 44-49, 2010). Research Statement In this regard, the proposed research will focus on the following research statement: â€Å"To identify and analyse the performance of UK’s retail sector during the global financial crisis while scrutinising the efforts of UK’s government in brining positive alterations in the sector† Aims and Objectives It is an understanding that aims and objectives play the most crucial part in a re search process, as they enable the researcher in acquiring a constructive path during the process, and absence of which may result in unnecessary outcomes, as well as misuse of resources. From this understanding, the researcher has given significant importance in the proposed research and will be putting efforts to fulfill them in the most effective manner. Particularly, the researcher will be focusing primarily on the retail sector of the United Kingdom while endeavoring to identify different factors that are playing a critical role in determining performance of the sector that will enable the researcher in analysing the same factors during different periods. In specific, period of the global financial crisis is the focal point of the proposed research, and thus, researcher will be looking at performance of the UK’s retail sector during this specific period. However, to narrow down the research objectives in order to focus on the acquisition of concrete results, the research er will scrutinise efforts of the UK’s government that enabled the country’s retail sector to survive, and at the same, continue its progress significantly. In this regard, one of the major objectives of the proposed research is to recognise