Brexit: the implications for UK ports
Oxera Partner, Andrew Meaney, writes on the implications of Brexit for UK ports.
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Social mobility and economic success
The Sutton Trust commissioned Oxera to investigate the impact of increased social mobility on the UK economy.
Identifying metrics to aid consumer choice
The FCA commissioned Oxera and the Centre for Experimental Social Sciences (CESS) to conduct a behavioural experiment to assess the effectiveness of different summary cost metrics. This report presents the findings of the behavioural experiment.
CMA Energy Market Investigation—critique of CMA consumer detriment analysis
On 24 June 2016 the CMA published its final report, in which it concluded that, between 2012 and 2015, domestic customers paid around £1.4bn per year more than they would have done in a properly functioning competitive market. This estimate was based on a comparison of tariffs charged by the established suppliers to tariffs charged by the benchmark companies chosen by the CMA, OVO Energy and First Utility, subject to certain adjustments.
As part of our work for ScottishPower, Oxera reviewed the CMA’s analysis. The CMA had not opened its analysis to detailed scrutiny, and the final report contains only limited detail on how it was calculated. However, it is clear that adjustments for customer acquisition and overhead costs, which the CMA made for the first time in its final report, have a significant impact on the estimates of overall consumer detriment, of no less than £978m per year.
Our analysis identified a number of issues with the approach adopted by the CMA, including those related to adjustments for customer acquisition and overhead costs, implicit benchmarking of wholesale costs, and choice of benchmark companies. We found that addressing these issues would leave the range of possible consumer detriment between -£720m and +£755m.
Impacts of leaving the EU on the UK’s screen sector
The UK’s screen sector (film, TV, video games, animation and post-production) is underpinned by a set of regulations, legislation and policies, many of which are linked with the UK’s membership of the EU. This report, commissioned by the British Film Institute, and published today, explains and quantifies the impact of this relationship, and brings some clarity to the debate on the implications of different exit scenarios.
When algorithms set prices—winners and losers
Oxera has published a report on algorithmic pricing and its effect on consumers and markets.
Liberty Global’s investment in Europe: Oxera’s findings
Liberty Global commissioned Oxera to investigate the benefits of their investment in Europe. Oxera's report discusses the social benefits identified.
Energy and Utilities Workforce renewal and skills strategy:2020
The energy and utilities sector – touches the lives of over 65 million customers and citizens in the UK each and every day, providing the essential services that enable nations, regions and communities to go about their business.
Ofwat’s consultation on its approach to competition law in England and Wales: Oxera responds
Oxera is delighted to provide its thoughts on the application of competition law to the water sector in England and Wales, in response to Ofwat’s consultation document on its draft guidance (as published in November 2016).
