Economic Regulation
Articles and videos for people who are interested in UK economic regulation
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- Jul 29, 2026
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- Jul 17, 2026
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Read here first (opens the original)
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This Substack was originally created to be the home for my Economic Regulation Summer Series.The 2026 Summer Series ran from 8-29 July 2026. You can find all of the posts here:https://firsteconomics.substack.com/s/summer-series-2026/archive?sort=newThe 2025 Summer Series ran from 9-31 July 2025, and all of the posts can be found here:https://firsteconomics.substack.com/s/summer-series-2025/archive?sort=newIf you weren’t able t
Self regulation (opens the original)
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I am going to conclude this year’s Summer Series with a post that answers a question that I was asked by one of the regulators last week when we were talking about the age-old criticism that regulation in this country has become too complex: how would you seek to simplify economic regulation if you were in charge?My answer: my experiences in the UK, but also further afield in places like Australia and New Zealand, have shown me that, in certain circumstances and certain places, a monopoly compan
Looking ahead ... (opens the original)
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This is the penultimate post in this year’s Summer Series. My theme is: where next for economic regulation in the UK?Three regulators have said that they will be asking this question over the coming months. For anyone that has not been following along: the CAA is three consultation documents into thinking new thoughts about the regulation of capacity expansion at Heathrow Airport; the new water regulator, once its senior team is in post, is going to have to respond to Sir Jon Cunliffe’s far-reac
Private shareholder ownership (opens the original)
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“The original promise of privatisation was that it would deliver lower consumer costs. From water to electricity to transport, the opposite happened.”Mainstream (2026), The Productive State: A Framework for Manchesterism“Let’s be honest, this is something I think we can all see. The privatisation of water hasn’t worked. It’s not created competition. What we’ve seen is bills going up and up and up over years. Investments not being made into the infrastructure of water. And then now these companie
The RAB model (opens the original)
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The ‘RAB model’ is starting to become the funding model of choice for major stand-alone infrastructure investments in the UK.It is a structure that has been selected in recent years for the rollout of fibre broadband, the Sizewell C nuclear power station, carbon dioxide transportation and storage projects, and the Lower Thames Crossing. And just last week, the Energy Minister indicated that the government potentially saw a role for RAB funding of heat networks.What do people mean, though, by a ‘
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