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- Blog
- 16th Aug 2016
Designing a behaviourally informed banking market
Last week the Competition and Markets Authority (CMA) published the final report of their retail banking market investigation. The CMA has identified that currently, only a tiny proportion of customers switch to a different bank in any year; despite the fact that many of them could save about £90 a…
- Blog
- 6th Oct 2016
Setting smarter defaults for workplace pensions
By changing the default from opt-in to opt-out, automatic enrolment is successfully reversing the long-term decline in the number of people saving into workplace pensions in the UK. Opt-out rates have been between 8 and 14 per cent, rather than the 28 per cent the Department for Work and Pensions…
- Publication
- 20th Oct 2016
Poverty and decision-making: How behavioural science can improve opportunity in the UK
This report puts forward 18 recommendations on how behavioural science can improve opportunity in the UK in six key policy areas: consumer credit; rainy day savings; employment; welfare entitlements; child development; and post-secondary education.
- Blog
- 23rd Jan 2017
Boosting economic growth
One area where behavioural economics has had surprisingly little impact – rather ironically - has been economic policy. The UK’s Industrial Strategy, published today, starts to change this. Adam Smith wrote extensively of the role of sentiment. Keynes highlighted how shocks and booms are driven by ‘animal spirits’. More recent…
- Person
Nida Broughton
Nida Broughton is co-Director of Economic Policy at the Behavioural Insights Team. She oversees BIT's work across consumer policy, business regulation, economic growth, sustainability and EDI. Nida and her team work with partners across the public, private and third sector to apply behavioural science to tackle social impact challenges: improving…
- Person
Sasha Tregebov
Sasha is the Director of BIT Canada, leading BIT's team in Toronto and its work across Canada. BIT Canada works with a wide range of Canadian organizations that are dedicated to social impact. We have done work with the Government of British Columbia's Public Service Agency, Environment and Climate Change…
- Blog
- 11th Jul 2017
Be the Business: boosting productivity in the UK
This morning saw the launch of ‘Be the Business’, the new movement from the UK’s Productivity Leadership Group (PLG). The breakfast event was glitzy and polished, hosted in the cool London base of Channel 4, rather than a standard conference venue. An interesting element is that it is led by…
- Publication
- 15th Aug 2017
A review of optimism bias, planning fallacy, sunk cost bias and groupthink in project delivery and organisational decision making
A literature review to accompany our full report, An Exploration of Behavioural Biases in Project Delivery at the Department for Transport
- Person
Dr Georgina Bremner
Georgie is a Senior Advisor in the Economic Growth & Productivity team, with a focus on firm decision making, industrial strategy and organisational behaviour. Prior to joining BIT, Georgie worked for the National Health Service as a Clinical Psychologist. In her most recent role in a London NHS Trust, she…
- Blog
- 27th Nov 2017
The UK's new Industrial Strategy: a modern foundation for economic growth
Traditionally, Industrial Strategy conjures images of furnaces and molten metal. In turn, the language of economic policy - productivity, innovation, competitive advantage, regulation - hardly sparks the imagination. Today’s launch of the UK Government’s Industrial Strategy White Paper should help shift these perceptions. The Strategy is formed around five foundations…