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19 December 2014

Who will benefit from the oil price surprise?

By Andrew Sentance, Senior Economic Adviser, PwC The big economic development this year was one which no economic forecaster had predicted – a dramatic drop in the crude oil price. Brent crude is now around $60/barrel, a drop of $50/barrel from the average price in 2011-13. The most significant impact... Read more

09 December 2014

Has trade growth become disconnected from GDP growth?

By Dr Rebecca Harding* Recent world trade data has shown a pick-up after a very flat period from last autumn until this summer. In the third quarter of this year, the CPB World Trade Monitor shows trade volumes rising at 2% above the previous quarter. So does this mean that... Read more

05 December 2014

Can Africa’s economic rise be sustained?

By John Hawksworth During the second half of the 20th century, sub-Saharan Africa[1] was generally an underperformer in the global growth race. Over the past decade, by contrast, it has been one of the fastest growing parts of the world economy, as shown by the blue bars in Figure 1... Read more

17 November 2014

Regulatory independence: is it under threat and does it matter?

By Grant Saggers and Joel Strange Is regulatory independence under threat? If it is, why? And does it even matter? These three questions were considered in the recent sixth Beesley Lecture by Tim Tutton, former Director of Regulation at National Grid, and Richard Price, Chief Executive of the Office of... Read more

12 November 2014

The Great British consumer to the rescue … but for how long?

By Barret Kupelian and John Hawksworth The Great British consumer has been fundamental in driving the UK economy out of recession and into the fast lane of economic growth. But what has really driven this revival and how sustainable is it? Analysis in our latest UK Economic Outlook shows that... Read more

10 November 2014

Separating myth from reality in the UK regions

By Andrew Sentance, Senior Economic Adviser, PwC The major political parties have the regional rebalancing of the UK economy high on their agenda - and rightly so. However, improving the prospects of cities and regions outside London and the South East must be based on a realistic view of our... Read more

07 November 2014

What are the prospects for a competitive water market?

By Richard Laikin and Preithy Kumar* Water is one of the few industries where meaningful competition has yet to be introduced. However, several developments this past year have made the opening up of this market more likely. This includes the passing of the Water Act which sets out the legal... Read more

31 October 2014

Regulating for a new runway

By Andrew Sentance and Charlotte Hacker The Davies Commission is scheduled to report after the General Election on whether Heathrow or Gatwick should be the site of a new runway in the London airport system. When that decision has been made, it will fall to the Civil Aviation Authority (CAA)... Read more

24 October 2014

Western markets remain crucial for UK trade

By Conor Lambe The UK recovery is picking up pace. Its economy is expected to grow faster than any of the other G7 advanced economies in 2014 and export growth is a key ingredient for economic performance. So, how will the UK’s trade evolve between now and 2030? New baseline... Read more

22 October 2014

Competition powers for regulators? Not a numbers game

By Luisa Affuso and Alastair Sullivan* What tools should be used by regulators to ensure that markets work well for consumers? This question formed the heart of a recent Beesley lecture, where Jon Stern of the Centre for Competition and Regulatory Policy (CCRP) and respondent Suyong Kim, competition and regulation... Read more

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