Frontier Economics

With a new government taking office, now is the perfect moment to evaluate its potential to revive the UK economy 💡 In our latest collection of articles ‘The changing pace of business’, our economists examine the challenges hindering productivity growth, particularly exploring the transformative potential of generative AI to overcome these hurdles. We analyse the influence of this new technology on the telecommunications and banking industries, when gen AI may be telling you just what you want to hear, and question the competitive implications of talent acquisition in the field of AI. What's in this series: 🔸 #Datascience - Responsible generative AI: both humans and algorithms have biases 🔸 #Competition - Bright stars, dark clouds? 🔸 #Telco - The impact of artificial intelligence on the telecoms sector 🔸 #Policy - The pace of business innovation in a world of change 🔸 #Strategy - The changing pace of banking A big thank you to our colleagues for sharing their expertise in these fast-moving times. 📌 Read the full article collection here: https://okt.to/3dtCAf

In February, the High Court handed down its ruling in Granville vs LG Display, only the third cartel damages judgment in the UK. The ruling provides rich learnings for how courts think about the standards of evidence for the assessment of overcharge and pass-on. Read on for our key take-aways: https://okt.to/3GoBls #competitionlaw #carteldamages #overcharge #pass-on

We’re pleased that Frontier’s Julia Dietrich has been recognised in Who’s Who Legal Thought Leaders: Germany 2024. Read more: https://okt.to/tzlFk7 #antitrust #competition #whoswholegal

Frontier was delighted to host the annual Government Economic Service (GES) alumni event in London last month. 🌟 The event featured an engaging Q&A discussion with Frontier Chair Lord Gus O’Donnell and esteemed speaker Professor Dame Diane Coyle, centered around the timely question: "Is GDP a good measure of a society's welfare?" It was a privilege to hear Professor Dame Coyle present fascinating insights from her latest book, “Cogs and Monsters: What Economics is, and what it should be”. The audience was invited to reflect on the standard approaches and assumptions that economists have typically used for decades to make sense of the world and inform policy, and challenged us to consider different approaches that better take into account the reality of the changing and uncertain world we live in, particularly in relation to digitalisation, and the need for diversity and inclusion in the profession itself. #GESAlumni #UKPolicy #GDP

“I hope that any new government coming in will drop this whole process… and say there are better ways to do this.” – Frontier’s Chair, Lord Gus O’Donnell Independent economic analysis of government tax and spending announcements featured in the King’s Speech last week with the introduction of the Budget Responsibility Bill. Frontier’s Chair, Lord Gus O’Donnell highlighted the need for independent economic scrutiny and analysis on the News Agents Podcast (episode recorded before the election). 🎙 Click here to listen: https://lnkd.in/eXCMug48 #FiscalLock #BudgetResponsibilityBill

Frontier welcomes the Competition and Markets Authority’s draft Digital Markets Competition Regime guidance and has provided a response. The response focuses on specific parts of the guidance that we believe can be clarified or improved to support the proper and effective functioning of the new regime. Read more and find our response here: https://okt.to/Z0i7tE Authors: David Lawrence David Foster James Baker #antitrust #competitionlaw #regulation #CMA

Skills England has just been launched with an ambitious remit to transform opportunities and drive growth. The new body will bring together government, training providers, employers and unions to meet the skills needs of the next decade across all regions of the country. Predicting future skills needs is notoriously difficult, but having a view of how the economy is likely to evolve and what skills it will need in the future is crucial for planning. Our recent work with Sheffield Hallam University for the Unit for Future Skills (UFS) at The Department for Education (DfE) to review and assess existing approaches to skills forecasting can be a useful resource. The overarching aim of this project was to support UFS in becoming a centre of expertise on skills forecasts helping it to commission high quality forecasts to inform its own work, as well as to advise on best practice for other parties involved in skills forecasts. 📄 For detailed insights, read our full report, available alongside the review of a UK-specific skills taxonomy https://lnkd.in/eaVUa5hw 🔗 Click here to read Charlynne Pullen’s (Sheffield Hallam University) full article on the study https://okt.to/nkZqX6

Frontier’s Federico Cilauro will be speaking at Westminster eForum policy conference: Priorities for AI policy and regulation in the UK on Monday 22nd July 2024. The forum will focus on next steps for AI policy and regulation in the UK. Federico will join panellists on the session discussing the creation of the right conditions for AI growth and development in the UK, building off our recent study commissioned by Microsoft, 'How can AI policy support economic growth?' 📌 Find out more and book your place here: https://okt.to/g1div2 #AIPolicy #UKPolicy #AI

🚴♂️ Frontier’s Leo Feilden had the pleasure of attending the Active City Leicester conference yesterday to showcase our latest project for Wheels For All (WFA). WFA is dedicated to making cycling accessible to everyone, particularly those with physical disabilities and mental health challenges. Their mission is to foster community support through inclusive cycling. 🌟 To help WFA strategically expand their services, we aimed to pinpoint areas with the highest potential demand and identify gaps in current provisions. 📊 Our solution? An interactive mapping tool that highlights areas with limited inclusive cycling options and significant demand potential. 🗺️ 🔗 Visit our website to learn how our expertise helps charities show the impact they are making: https://okt.to/7J1UcT #InclusiveCycling #StrategicGrowth #SocialImpact

Congratulations to Aviva Investors on the publication of their latest report, Boosting Low Carbon Investment in the UK: A Policy Roadmap. The report identifies private investors as having a critical role to play in delivering a timely, affordable and economically successful transition to net-zero emissions for the UK economy and society.   This roadmap will help policymakers identify some of the key policy priorities that can unlock the private investment needed over the next five years to achieve the UK’s 2050 target. Frontier’s Matthew Bell is named in the executive summary as having provided feedback and insights into the roadmap at various stages. 📌 Click below to read the full report.