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New rail treaty will save Europe over €19bn

Oxera today unveiled a study for the Rail Working Group that assesses the direct microeconomic benefits from the Luxembourg Rail Protocol, which will save €19.4bn for a group of 20 countries in Europe. The Luxembourg Rail Protocol is a new global treaty that will make it much easier and cheaper to finance railway rolling stock and is expected to enter into force in 2019.

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Paying more for less…

Summary 

Retail prices will rise in Eastern European and Baltic countries as cross-border access accelerates a move to exclusive, pan-European licencing

The quality, quantity and diversity of locally produced, culturally tailored content will decline as investment by local platforms and distributors falls

The quality and choice of local pay-TV and online distribution platforms will decline as a result of rights limitations and pan-European homogenisation

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Raising the minimum wage: economic and fiscal impacts

The Government of Jersey is reviewing the impact of raising the minimum wage to £7.88 per hour, based on 45% of mean weekly earnings, or to £8.40 per hour, based on 60% of median earnings. Oxera has been asked to estimate the potential consequent economic and fiscal impacts.

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How the Bus Services Act can improve air quality and reduce congestion

Across the UK, large towns and cities are suffering from deteriorating air quality and chronic levels of traffic congestion, which affect public health as well as the economy. In this paper, Robert Montgomery, formerly Managing Director of UK Bus at Stagecoach Group plc, and Matthew Shepherd, Oxera, explore how public transport can provide a solution to these problems, and consider the role of public/private sector transport partnerships.

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