11-20 of 31 results
A new 10-point manifesto published by The Behavioural Insights Team which sets out a clear roadmap for how governments, regulators and central banks can start using powerful behavioural levers and nudges available to economic policy makers that have the potential to deliver real positive change.
Narratives are stories that spread through society and help us make sense of the world around us. Economic narratives may include stories about what’s going on in the economy, the role of government, and what other consumers and businesses are doing. Some economic narratives you may have heard on the…
Did you know that a fridge could be made from clay? Or that sawdust, coffee husks and macadamia shells could be turned into an efficient energy source? These are examples of frugal innovations which are ”faster, better and cheaper solutions for more people that employ minimal resources”. Such innovations started…
If you’re reading this, you are no doubt familiar with nudges. But what about sludges?
When they work well, markets are powerful drivers of higher living standards. They give suppliers strong incentives to compete to provide the best value for money to consumers, through lower prices, higher quality, and innovation. The UK gambling sector almost doubled in 10 years from 2009-2019, and this rate of…
In July 2022, the FCA published its long-awaited policy statement and guidance on the Consumer Duty. As we wrote in our previous blog on the Consumer Duty, in a clear break from past regulation, it requires firms to put rigorous evidence on consumer behaviour at the heart of what they…
Inflation is running at a 40 year high and the Bank of England forecasts that the UK will enter a recession by the end of the year. Many people across the country are facing enormous pressure, which is only mounting. Tackling this will be a huge policy challenge over the…
Policymakers need to fundamentally rethink what attractive and readily accessible business support looks like.
Previous research has found that the UK public feel economics and economic statistics are communicated in a way that is “confusing”, “complicated” and “difficult to understand”. We also know that the UK public want to hear more economic information directly from economic statistics producers who they trust and without the…
This study by BIT and the National Institute of Economic and Social Research (NIESR) and carried out as part of the research programme of the Economic Statistics Centre of Excellence (ESCoE) and funded by the Office for National Statistics (ONS) explores the role of the media as an intermediary for…
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