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17 March 2017

UK consumers: living beyond their means?

By Barret Kupelian and Duncan Mckellar Consumers have been the key driving force of the UK economic recovery both before and after the Brexit vote. Our analysis shows that consumer spending has grown by an average 2.4% per annum faster than inflation over the past four years, well ahead of...

16 March 2017

Women in Work – The £85 billion prize from closing the gender pay gap

By Yong Jing Teow and Shivangi Jain Last month we published our fifth annual update of the PwC Women in Work Index, which shows a continued improvement in the UK’s performance in terms of empowering the female workforce. Our Index combines five key indicators of female economic empowerment: the equality...

10 March 2017

Cautious Chancellor delivers safety first Budget … apart from the self-employed

By John Hawksworth The Brexit vote has not yet had a major negative effect on UK economic growth, but there are still many uncertainties ahead. So it was not surprising that the Chancellor chose to deliver a ‘safety first’ Budget in which giveaways on social care, vocational education and business...

07 February 2017

How will the global economic order change by 2050?

By John Hawksworth and Hannah Audino What could the world in 2050 look like? Driverless cars may be commonplace. We might rely completely on renewable energy sources. We might have found a cure for cancer. Maybe we’ll go on holidays into space. Maybe. But one thing we can be relatively...

08 December 2016

Creating a competitive market in telecommunications

By Pietro Crocioni and Maria Chiara Garbellini Professor Martin Cave, Visiting Professor Imperial College Business School concluded the 2016 Beesley Lecture series on 24th November by chairing a panel of distinguished experts on competition and regulation in telecoms including Brian Williamson, Partner at Communications Chambers, Benjamin Wreschner, Head of Regulatory...

02 December 2016

Behavioural Economics – the lessons for regulators

By Pietro Crocioni and Suresh Natarajan Behavioural Economics (BE) has long influenced firms’ commercial and marketing strategies. In recent years it has also grown in popularity with competition and regulatory authorities, as seen most recently in the energy and retail banking market investigations by the Competition and Markets Authority (CMA)....

29 November 2016

Does competition policy need to adapt to the digital age?

By Luisa Affuso and George Hall This year’s Beesley Lecture series began on 6th October with an insightful talk by Hal Varian, Chief Economist of Google. The topic was competition policy in the digital age – a pertinent subject given the ongoing investigations into Google’s conduct by the European Commission,...

24 November 2016

Chancellor boosts investment despite public borrowing overshoot

By John Hawksworth We live in turbulent times, but so far the Brexit vote has not had a major negative effect on UK economic growth. This meant there was no need for the Chancellor to deliver an ‘emergency Budget’ with an immediate large fiscal stimulus to the economy. It is...

15 November 2016

UK public finances after Brexit – how should the Chancellor respond?

By John Hawksworth We live in turbulent times, with the outcome of the US Presidential election throwing further political uncertainty into the mix. But so far the Brexit vote has not had a major negative effect on UK economic growth, with consumer spending and services holding up well over the...

08 November 2016

A market approach to climate change: how and why to regulate global carbon dioxide emissions

By Julie Phillips and Jonathan Grant Paris COP21 set a very ambitious target to limit global average temperature change to 1.5 °C. To achieve this target however, current rates of decarbonisation need to be raised significantly. Michael Pollitt (Cambridge Judge Business School) and Carlo Stagnaro (Italy’s Ministry of Economic Development),...