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Gatwick expansion best for economy as Airports Commission’s mistakes are exposed

Reports by Deloitte and Oxera identify serious concerns with economic analysis in the Airports Commission report

Adjusting Airports Commission analysis using accepted Government methodology overturns conclusion that Heathrow expansion generates greater net value for the UK

Gatwick generates best return for UK, Heathrow net value to the UK halved 

The economic benefit (net present value) generated by Heathrow expansion would more than halve if the direct benefits enjoyed by international transfer passengers who never set foot in the UK – or generate a penny for the economy – are removed from the calculations, according to separate reports commissioned by Gatwick Airport from Deloitte and Oxera. 

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Peer review of First Interim Evaluation of High Speed 1

The Department for Transport (DfT) commissioned Oxera Partner, Andrew Meaney [1], to carry out a peer review of the First Interim Evaluation of High Speed 1 (HS1) report prepared by Atkins, AECOM and Frontier Economics  [2]. The scope of his review focused on the approach and methodology described in the report and Appendices. It did not include a detailed audit of the models or other spreadsheets underlying the report.

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What is the contribution of rail to the UK economy?

By most measures, the GB rail sector is a success. Over the last 20 years, since the creation of the new industry model (in which rail freight services are operated by competing freight operating companies, passenger rail services are specified by the government and delivered by train operating companies, and first Railtrack—and now Network Rail—have managed the infrastructure, regulated by the Office of Rail Regulation), the number of passenger journeys has risen, and now stands at 115% higher than it was 20 years ago. 1 The distance travelled by trains has increased by 36% over the same period, and there has been an improvement in safety and an increase in passenger satisfaction . 2 There has also been a 70% increase over this time period in the amount of freight transported by rail. 3

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On behalf of the DfT, Oxera examines the international competitiveness of the UK maritime sector

The UK maritime sector—how does it compare internationally?

The UK ports sector is one of the largest in Europe, handling 500m tonnes of freight per year and 28m passenger movements. There is potential scope for competition between ports in Northern Europe for the transhipment of containerised cargos serving hinterland markets. The presence of ports more generally may indirectly contribute to other parts of the maritime industry, such as maritime education, since maritime colleges are often located near ports.

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Smarter Consumer Communications

The Financial Conduct Authority has published a discussion paper on smarter consumer communications , with the aim of starting a debate on how product disclosure can be improved to help consumers make informed decisions. 

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Preparing companies for the retail water market

Open Water commissioned the report from Oxera to help support company readiness for retail market opening. The report supports the Open Water Market Architecture Plan and represents a practical guide setting out the issues companies may want to consider as they prepare for competition in the non-household retail market in England. In this context, the six areas are:

 

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Digital Single Market strategy: first impressions

The European Commission has a vision for a Digital Single Market (DSM) in which, irrespective of their nationality or place of residence, individuals and businesses can seamlessly access products and services online, under conditions of fair competition while maintaining a high level of consumer and personal data protection.

Announced on 6 May 2015, the Commission's strategy introduces a framework for realising the DSM, which is expected to promote innovation, growth and jobs throughout Europe. Alongside this strategy, a separate, but complementary,  sector inquiry  will focus on barriers to cross-border trade set up by companies supplying goods and services online.

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