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24 June 2016

Riding out the storm: the economic implications of Brexit

By John Hawksworth The UK’s decision to leave the EU is the biggest political shock of my lifetime. It has already led to considerable volatility on financial markets and there will be a period of economic and business uncertainty as the details of our exit from the EU are worked...

21 June 2016

Why Business and Economists Support EU Membership

By Andrew Sentance, Senior Economic Adviser, PwC Economists and business executives don’t always agree. But on one important issue there is widespread agreement now. The UK would be better off staying in the EU. The CBI reports 80% of its membership are in favour of the UK remaining an EU...

02 June 2016

What can economics tell us about Olympic medal performance?

By John Hawksworth As we are getting closer to the start of the 2016 Olympic Games in Rio, interest is rising in the likely medal tallies of different countries. As a contribution to this debate, we have just published a paper that presents econometric analysis on the determinants of past...

31 May 2016

The $6.7 trillion prize from universal global internet access

By John Hawksworth The internet has been a big part of everyday life in the UK and other advanced economies for more than 20 years, so it is sobering to realise more than half the global population still does not have access to it. That represents close to 4 million...

11 April 2016

Breaking the bonds between governments and the financial sector

By Richard Boxshall A troupe of policymakers will take to the global stage in mid-April for the Spring meetings of the IMF and World Bank amid slowing global economic growth and capital net outflows from emerging markets. March was a busy month for policymakers, actions included a new growth target...

18 March 2016

Budget 2016: Sweeteners now, but pain later to fill hole in public finances

By John Hawksworth As the Chancellor was at pains to stress, the global economic outlook has turned stormy since the Autumn Statement in November. Together with a more cautious view on trend productivity growth, this led the OBR to edge down its economic growth and inflation forecasts (see Table 1)....

10 March 2016

Future UK jobs growth – 5 key trends

By John Hawksworth The last century has seen the inexorable rise of services to its current position as the source of over 80% of UK employment. Manufacturing now accounts for less than 10% of UK jobs, while health and education and business services have been the biggest growth areas since...

19 January 2016

Global stock market turmoil should not derail the UK economic recovery

By John Hawksworth Global stock markets have had a rocky start to 2016, reflecting concerns about the slowdown in China and weakness in global commodity markets. But how serious a threat is this to the UK economic recovery? Clearly there will be some losers from these global developments, including both...

15 December 2015

Price Discrimination and Cross subsidies in banking – should regulators be interested?

By George Hall and Carson Xu This year’s penultimate Beesley Lecture considered price discrimination and cross subsidisation in retail banking. Should regulators be concerned with such pricing practices? If so, what should they do to address the potential issues these practices can cause? The speakers – Peter Andrews (Chief Economist...

08 December 2015

Robots – economic curse or blessing?

By John Hawksworth A great deal of debate has flared up in recent years around whether the rise of intelligent robots will be of huge benefit to society in terms of increased productivity, or a huge threat to the jobs and earnings of large swathes of the workforce (putting aside...