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Paul Ormerod: why are so few economists Brexiteers?
Leading Economist Paul Ormerod wrote an article for Prospect Magazine
on 9th January asking why so few economists are Brexiteers...
Groupthink culture in the economics profession led the Bank of England’s Chief Economist, Andy Haldane, to admit last week that economic forecasting is in crisis
. You can read the full article here
Volterra celebrates a successful year with staff promotions!
As Christmas and the end of 2016 approaches we have taken a moment to look back over the year and review our achievements, of which there are many.
A few words from Partners Paul Buchanan
and Ellie Evans
“2016 has been a record breaking year at Volterra. We have won work in Stockholm, Toronto and four projects in Sydney as well as growing our UK market. We continue to be involved in major Development projects (Battersea Power Station, Paddington Quarter and Ilona Rose House) and on exciting Transport projects (Crossrail 2, Hyperloop and the evaluation of Crossrail). Our team has grown and our staff are building skills and experience. The quality of our work is as high as ever.”
We have delivered on over 60 projects
We have worked with 46 different clients,
of which 21 were NEW
to us this year.
We have worked in more countries than ever before,
including Australia, Canada and Stockholm.
We are delighted to have promoted three members of staff. Alex O'Byrne and Sophie Beevers have been rewarded for all of their hard work and been promoted to Senior Consultants. In order to recognise Lucy Dean’s continued outstanding achievements she has been promoted to Associate.
We would like to thank all of our clients for their support this year and we look forward to working together successfully in 2017!
A very Merry Christmas from all of us here at Volterra.
Volterra’s Paul Buchanan and Lucy Dean hard at work ‘down under’!
Volterra Partner Paul Buchanan and Senior Consultant Lucy Dean have just returned from Sydney where they have been working with Transport for NSW on the business case for a light rail scheme. More on this in the New Year...
Bridget Rosewell to speak at ‘The infrastructure challenge post Brexit’ Conference…BOOK NOW!
Conference: The infrastructure challenge post Brexit – 24 January, 2017 – Westminster – Programme now out
Post Brexit, there is an emerging policy direction that puts infrastructure investment in the centre of an activist fiscal policy and the re-invention of industrial strategy. This is all framed around delivering fairness and inclusion to heal the social division revealed by the Brexit vote. This raises a huge range of new questions for infrastructure policy makers, strategists and deliverers.
The objective of this conference
is to survey these policy questions, explore emerging economic analytical tools and evidence we have to inform them, and consider what new tools and evidence we need to develop to understand emerging risks and opportunities. Bridget Rosewell is the Keynote Speaker, followed by an impressive line-up of experts. The event promises to be a fascinating and much needed discussion - DON'T MISS OUT, BOOK YOUR TICKETS NOW
For more details and booking go to http://www.neks.ltd/detailsconf
. Early Bird discounts end 15th
Bridget Rosewell speaker at Highways UK 2016
Bridget Rosewell was a speaker at Highways UK 2016 annual conference on 16/17 November at the NEC in Birmingham, in her capacity as a judge of the Wolfson Economics Prize. The conference attracted 2,219 visitors to listen to the 109 speakers, in the three Industry briefing theatres, and to visit the 90 exhibitors. Highways UK is a major event for the people and organisations involved in the planning, operation and future-proofing of the UK's road network. You can read a review of the event HERE.
Bridget spoke for the Keynote conversation: better ways to run better roads, along with Isabel Dedring (Global Transport Leader), and Julian Glover (Director for Arup). Bridget is keen to encourage a wide ranging approach to the problem of 21st century roads – from pricing electricity for cars to road access control and road system separation. Economists please note!
Image: Vicki Sharp.
Bridget Rosewell discusses Heathrow runway decision and post-brexit data
Volterra's Senior Advisor and prolific Economist Bridget Rosewell
was invited on to Radio 4's World Tonight
on Tuesday 25th October to discuss the Government's decision to grant a third runway at Heathrow. The long awaited decision was an important moment in Theresa May's new government, after years of lobbying and indecision on the Heathrow and Gatwick extensions. The greenlight for Heathrow is the beginning of a year long consultation process, so there is still lots of work to be done. Bridget Rosewell from her unique position as a member of of the National Infrastructure Commission and Professor Tony Travers from LSE
discuss the merits of this decision with Ritula Shah. You can listen to the discussion here
Image: Boeing 767 sunset takeoff by Paul Nelhams is licensed under CC by 2.0
Night Tube opens on Northern Line!
This Friday 18th November the Night Tube launches on the Northern Line, joining the Central, Jubilee and Victoria line in operating 24-hour services on Fridays and Saturdays. The Piccadilly Line will also operate a Night Tube from 16th December.
Volterra produced a report for TfL and London First in 2014 assessing the scheme’s impact on the night-time economy. Our findings indicated that the Night Tube would support 2,000 permanent jobs and provide £3.90 of benefit for each £1 spent on delivering it. You can read the full report here
and a commentary on the Night Tube by London Reconnections here
The study was led by Volterra's Partner Ellie Evans
, who said: “In addition to its employment impacts, the Night Tube will bring numerous other benefits and contribute towards a more vibrant night-time economy that will increase the attractiveness of London for visitors, residents and businesses. This is great news for Londoners, and keeps London competitive on the global stage”.
Hyperloop One: Stockholm to Helsinki
Volterra carried out an economic assessment of an ultra-fast transport system connecting Stockholm to Helsinki. Hyperloop One
will be an entirely new form of transport: as planned, it will connect city centres that were previously hours apart in minutes and deliver a step change in the relationship between distance and connectivity. The existing journey requires a flight – and the associated time to access the airport, check in and board – or a very long ferry. Hyperloop One
would run direct between the two city centres and reduce journey times between the two to half an hour, with intermediate stations along the route. The increase in accessibility will result in significant Wider Economic Benefits (WEBs) as a result of the increase in “effective density” and increased access to labour. Our work included valuing the user benefits and the WEBs, and incorporating them into the economic case.
Paul Buchanan’s published report: Transport, land use and economics
Volterra Partner and leading economist Paul Buchanan
has written a paper for the Journal of Urban Regeneration and Renewal.
Paul's article Transport, land use and economics
is featured as one of many papers discussing urban regeneration and renewal in a complex contemporary climate. You can read the article HERE.
The publication is the essential peer-reviewed journal for all professionals concerned with physical, economic and social regeneration of urban communities. It publishes in-depth articles and real world case studies on the latest strategy, policy making and current and best practice in the field. You can read more about the journal and indeed purchase it at Henry Stewart Publications.