This report, commissioned by Ceylon Tobacco Company PLC (CTC), examines the economic footprint of the legal cigarette industry in Sri Lanka in 2025. The analysis covers the full value chain, from tobacco leaf cultivation and manufacturing to distribution and retail, assessing its contribution to GDP, employment and government tax revenues. It also examines the impact of illicit cigarette trade on the public finances.
This report examines the wider social, cultural, and economic value of the UK beauty and personal care sector. It finds that the sector supports personal wellbeing and participation, provides spaces for social connection, and helps sustain high streets and local economies across the country.
The UK and EU are each other’s top automotive trading partners. The UK remains deeply integrated in the pan-European automotive ecosystem, despite Brexit. In addition to being a valuable export market for EU automotive, UK automotive exports to the EU enable economic benefits across the EU.
The latest HMRC data show that Inheritance tax (IHT) liabilities stood at their highest-ever level in 2023/24, and that the proportion of estates in scope of IHT was at the highest level since the mid-2000s. Our study assesses the implications of reforms to the standard and residence nil-rate bands on IHT liabilities and the proportion of estates liable to IHT.
As the EU develops its Made in Europe policy, recognising the UK’s continuing role in European production networks will be critical to maintaining resilient and competitive supply chains.
Commissioned by a group of the UK’s largest private infrastructure investors and operators, this report benchmarks UK investment against G7 and OECD peers, identifies the three barriers that consistently distinguish the UK from higher-investing economies, and models what a sustained rise in business investment would mean for the economy.
National PPP figures miss a crucial detail: cost-of-living differences within countries can be just as large as those between them. This piece explores how regional purchasing power parity adjustments reshape our understanding of living standards in cities from Washington, DC to Warsaw and Prague.
As John Armitt argues in the Financial Times, Britain’s infrastructure problem isn’t ambition, it’s delivery. Oxford Economics convened senior executives from across the UK infrastructure and construction sector, in partnership with the French Chamber of Commerce and Société Générale, to discuss what’s really holding delivery back, and what it would take to unlock private capital at scale.
Climate and nature risks are becoming core to EU stress testing requirements, with regulators pushing banks beyond isolated exercises toward integrated, decision-ready frameworks. This article breaks down five key developments — from connecting macro scenarios to real business impacts, to preparing for the EBA’s 2027 stress test — shaping how financial institutions build resilience across Europe.
Explore the complexities of devolution in the UK and its potential impact on
regional growth and governance. Discover insights on effective strategies.
English devolution is accelerating, but revenue retention risks deepening regional inequality.
Oxford Economics partnered with the Management Consultancies Association (MCA) to measure the consulting sector’s contribution to the UK economy and society. Published in the MCA Annual Industry Report 2026, the research provides the most comprehensive assessment of the UK’s consulting industry.
The Alcohol Duty Review which began in October 2020 has brought significant changes in the taxation of alcoholic beverages in the UK. It allowed for the introduction of new, lower rates for lower strength alcoholic products, the introduction of a draught duty relief and measures to support small producers. This report analyses the implications of these changes since their implementation.
