Latest articles

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

14 October 2014

Shale gas - the regional dimension

By Joel Strange, PwC Economics The Beesley Lectures: Lessons from the US: what is the best framework for exploiting shale gas in the UK? At the latest in this series of Beesley Lectures, Ian Murray, Vice President for Strategy at the Competitive Enterprise Institute, provided a meticulous account of the... Read more

07 October 2014

Energy Policy post 2015 – where do we go from here?

By Stuart Cook and Sohasini Sudtharalingam Energy policy objectives are simple: to achieve security of supply; to reduce carbon emissions; and to deliver affordable bills for customers. But where are we now? We are not on a journey which will achieve these objectives and in fact, we are diverging from... Read more

28 August 2014

Escaping the middle income trap – what’s holding back the Fragile Five?

By John Hawksworth From the turn of the century until around 2012, the big story in macroeconomics was the shift in economic power to the BRICs and other large emerging economies such as Indonesia, Mexico, Turkey and South Africa. This story remains valid in parts, but the last couple of... Read more

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