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27 November 2015

Favourable borrowing forecasts gave Chancellor some wiggle room

By John Hawksworth Lower than expected public borrowing forecasts allowed the Chancellor to cancel planned cuts to tax credits next year while boosting spending on transport infrastructure and housing. But he has also pencilled in around £5 billion of extra net tax rises by 2020 to help achieve his target... Read more

20 November 2015

Dealing with the deficit – how is the Chancellor doing?

By John Hawksworth Today's public finance data were somewhat disappointing for the Chancellor, with public sector net borrowing – the ‘budget deficit’ – being higher in October 2015 than in October 2014. Monthly data can be volatile, but the cumulative public borrowing total for the first seven months of the... Read more

18 November 2015

Digital Disruptors: A game changer for regulation and competition policy?

By Carson Xu What can regulators and competition authorities learn about disruptive innovation by thinking about taxis, hotels and dirty laundry? This fascinating question was explored at a recent Beesley Lecture by speakers, John Fingleton (CEO of Fingleton Associates) and Phil Evans (panel member at the Competition and Markets Authority).... Read more

16 November 2015

How much should we worry about global growth?

By Andrew Sentance How worried should we be about disappointing growth in the global economy? The OECD has become the latest organisation to express its concerns and downgrade its forecasts for next year. This follows on from a cut in the IMF world growth forecast last month and comments from... Read more

11 November 2015

UK recovery continues but longer term export challenge remains

By John Hawksworth The UK economy grew relatively strongly in 2014, but it has slowed a little in 2015 as global uncertainties have increased. Although the headwinds from the Greek crisis have calmed down somewhat since our last report in July, this has been offset by growing concerns about a... Read more

09 November 2015

The risks of keeping interest rates so low

By Andrew Sentance Last week’s Inflation Report press conference saw the Bank of England shifting its position on interest rate rises again. Over the summer, Mark Carney stated that the decision to raise rates would be actively considered by the MPC “around the turn of the year”. It now appears... Read more

21 October 2015

PwC’s new Young Workers Index - 5 things you need to know

By David Tran and John Hawksworth In the UK, young people are nearly three times more likely to be unemployed than the rest of the population. And this is worse than for many other countries. So, why is this the case - and what can be done to improve it?... Read more

05 October 2015

How can network regulation be designed for industries undergoing transformation?

By Sam Hinds What is driving change in regulated industries? How is network regulation being adapted for these changes and what do they mean for the future? These were the key questions that were considered in the first of the 2016 Beesley Lectures presented by Hannah Nixon, Managing Director of... Read more

10 September 2015

Oil prices - lower for longer?

By Milos Bartosek and John Hawksworth Over the past year oil prices have fallen from over $100 per barrel to recent levels around or below $50, while remaining very volatile. The short-lived recovery in prices up to May this year seems to have been a false dawn for oil producers... Read more

26 August 2015

How worried should we be about China and the global economy?

By John Hawksworth Recent dramatic events in Chinese stock markets have rippled across global markets and reignited fears of another downward leg to the global financial crisis. But how bad are things really and what does this mean for the UK economy? China has serious challenges to address The Chinese... Read more

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