Ofwat today published its initial assessment of company business plans at PR19. Three companies were awarded ‘fast track’ status: Severn Trent Water, South West Water and United Utilities. Companies have until April 1st to respond to the IAP and Economic Insight is advising a number of firms on their regulatory strategy.
The Department for Digital, Culture, Media and Sport has commissioned Economic Insight to undertake a detailed analysis of the labour market for hospitality and tourism. Our aim is to help DCMS develop a ‘map’ of skills requirements and the current labour supply conditions, with a view of better understanding existing “gaps” and the potential barriers to address them.
The Department for International Trade has hired Economic Insight to develop a monitoring and evaluation framework to help assess the effectiveness of its foreign direct investment (FDI) support policies. The uncertainty currently facing the UK economy means that understanding which policies most effectively support FDI is crucial and we look forward to advising DIT on this strategically vital subject.
We are delighted to announce that Khaldia Al Kasm has been promoted to Consultant. Khaldia joined Economic Insight in mid-2017 with a MSc in Economics from UCL. Since then, she has progressed rapidly and has made a fantastic contribution to all of our practice areas. Congratulations and thank you Khaldia!
Ofwat has today published its decision to increase the cap on outperformance payments Severn Trent Water can receive relating to its outcomes delivery incentives. The cap has been increased from 2.0% to 2.6% return on equity. Ofwat estimates that this could be worth up to £45m in allowed revenues to the company. Economic Insight advised Severn Trent on its application to Ofwat.
Economic Insight is sponsoring Thomson Reuters 5th competition law conference, which will be held on 13 November in London. Christopher Pickard, a Senior Consultant at Economic Insight, will present in a session devoted to “competition law and the digisphere”.
Following the development of our brand authenticity measure, in conjunction with leading academics at Birmingham and Oxford Universities, Economic Insight is advising a FMCG provider on its UK brand strategy. Our work will help the client identify the brand authenticity attributes that most drive consumer behaviour. We will then advise the client as to how it can best reposition its brand, to maximise its overall value.
Economic Insight is advising a building society as to how it can more explicitly incorporate the concept of ‘fairness’ into its pricing strategy. With ‘fairness’ moving up the regulatory and competition law agenda (see the Citizens Advice CMA Super Complaint) our Strategy Lab has developed a framework and analytical toolset that allows our clients to embed this thinking within broader commercial strategic-making.
Economic Insight and Bryan Cave Leighton Paisner LLP provided a joint response to the European Commission’s consultation on its draft Guidelines for national courts on how to estimate the share of overcharge which was passed on to indirect purchasers and final consumers. Our response can be downloaded from the publications section of this website.
Economic Insight Director, Sam Williams, assisted with the production of Utility Week’s CEO Insight 2018 report. The article can be downloaded from the publications section of this website.