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08 May 2017

Can Macron turn around the French economy?

By Andrew Sentance, Senior Economic Adviser, PwC Now that Emmanuel Macron has been elected as the next President of France, attention will turn to the policies which he will seek to implement over his five year term of office. His biggest challenge will be to turn around the performance of...

24 April 2017

Economic slowdown is underway as consumers rein in spending

By Andrew Sentance, Senior Economic Adviser, PwC Consumers are reining in their spending after a post-referendum shopping spree. That is the message from last week’s retail figures which showed a fall of 1.4% in sales volumes between the final quarter of last year and the first three months of 2017....

27 March 2017

Inflation is back – and action to contain it is now needed

By Andrew Sentance, Senior Economic Adviser, PwC The rate of inflation jumped sharply last month and is now back above the Bank of England’s 2 percent target. We should not be surprised. Inflation is rising in major economies around the world. Higher energy and food prices are part of the...

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,...