Results

Blog

Vox EU:

The price of power: Why rising markups hurt innovation and widen inequality

Over the past four decades, the US has seen rising market power, slowing productivity growth, and deepening wealth inequality. This column explores how declining competition may be the common culprit. Weak competition le...Read more...

Blog

IMF Finance and Development magazine :

Innovation's Unseen Frontier

Notwithstanding Plato's 2,400-year-old proverb, necessity alone is not the mother of invention. It also requires opportunity. An individual's likelihood of becoming an innovator reflects parental background in terms of i...Read more...

CentrePiece article

How China’s rise has shaped innovation and exit among European solar firms

Should policymakers protect European firms by restricting imports of solar technology from China? Pia Andres finds that Chinese competition has resulted in many European firms going out of business, but it has also promp...Read more...

Blog

The We Society:

Improving social mobility through education and language with Lee Elliot Major (podcast)

Professor Lee Elliot Major joins Will Hutton to discuss the decline of social mobility in the UK and advocates for a broader understanding of systemic barriers, including arguing for a new approach towards language to im...Read more...

Blog

LSE Business Review:

The confidence gap influencing who applies to top colleges and careers

Students' choice of which university and programme to apply to isn't a simple financial decision. There's more at stake in the decision than finance and information gaps. Behavioural constraints play an important role. C...Read more...

Blog

Nada es Gratis:

The Economics of Education text: Gender Gaps in Education

International data stubbornly show that boys underperform and that girls are still underrepresented in university and career careers related to STEM (Science, Technology, Engineering and Mathematics) disciplines....Read more...

Blog

LSE Business Review:

The benefits of elite education are more social than academic

From Oxbridge to Harvard and Yale, elite universities are a feature of many education systems. Andres Barrios Fernandez, Christopher Neilson and Seth Zimmerman write about the importance of the social circles created by ...Read more...

Journal article

Journal of the European Economic Association:

Labor Unions and the Electoral Consequences of Trade Liberalization

We show that the Brazilian trade liberalization in the early 1990s led to a permanent relative decline in the vote share of left-wing presidential candidates in the regions more affected by the tariff cuts. This happened...Read more...

Journal article

The Economic Journal: Forthcoming

Judge Dread: Court severity, repossession risk and demand in mortgage and housing markets

We study the impact of borrower protection on mortgage and housing demand using variation in the likelihood that houses are repossessed coming from heterogeneity in preferences of local judges. We develop a framework tha...Read more...

CEP discussion paper

How effective are R&D tax incentives? Reconciling micro and macro evidence

Recent firm-level studies find R&D tax incentives to be much more effective at stimulating firms' R&D investment than what aggregate analyses indicate. Based on a distributed analysis of official R&D survey and administr...Read more...

CEP discussion paper

The effect of adult psychological therapies on employment and earnings: Evidence from England

People suffering from common mental disorders (CMD) such as depression and anxiety are more likely to be economically inactive. Psychological therapies are highly effective at treating CMDs but less is known about their ...Read more...

Blog

Vox EU:

What impact have trade sanctions had on Russia? (Podcast)

Recorded at the CEPR Paris Symposium. How effective have the trade sanctions imposed on Russia in 2022 been? Politically, they were comprehensive and quick. But anecdotal reporting has suggested that Russian firms that w...Read more...

Journal article

American Economic Review:

Five Facts about MPCs: Evidence from a Randomized Experiment

We present five facts from an experiment on the marginal propensity to consume (MPC) out of transitory transfers: (1) the one-month MPC on a cash-like transfer is 23 percent; (2) it is substantially higher (61 percent) o...Read more...

Journal article

Journal of Labor Economics: Forthcoming

The Causal Effect of an Income Shock on Children’s Human Capital

We investigate the causal impact of a generous unconditional cash transfer at birth on children's health and academic performance. Using rich administrative data, we take advantage of the unexpected introduction of a “ba...Read more...

Journal article

Journal of Political Economy:

College Attrition and the Dynamics of Information Revelation

We examine how informational frictions impact schooling and work outcomes by estimating a dynamic structural model where individuals face uncertainty about their academic ability and productivity, which determine their s...Read more...

Blog

Vox EU:

Leveraging AI to navigate 'deglobalisation'

Trade wars, industrial policy, and myriad other supply chain disruptions have fast become the 'new normal'. Yet, given the highly opaque and complex nature of production processes, knowing how to navigate this rise of de...Read more...

Blog

Economics Observatory:

Do cities and regions gain from public sector relocation?

Moving public agencies out of London was a major plank of the levelling-up agenda. The effects on local economies seem smaller than hoped - and it's important to compare them with those of other tools of regional policy:...Read more...

Submission to a parliamentary inquiry and government consultation

Invest 2035: the UK's modern industrial strategy

This document presents the submission made in response to the consultation on "Invest 2035: the UK's modern industrial strategy." The consultation was conducted by the Department for Business and Trade from 14 October 20...Read more...

Journal article

Handbook of Labor Economics:

Chapter 9 - Crime and the labor market

The economics of crime has emerged as a critical field over the past 30 years, with economists increasingly exploring the causes and consequences of criminal behavior. This chapter surveys key contributions and developme...Read more...

CEP discussion paper

The perfect match: Assortative matching in mergers and acquisitions

We interpret M&A deals in Western Europe during the 2010s as the equilibrium of a matching model. Merger surplus arises from complementarities between multiple firm pre-merger characteristics. Large, productive firms pre...Read more...

Journal article

Oxford Review of Economic Policy:

Ethnic minority and migrant pay gaps over the life-cycle

It is well-known that ethnic minority and migrant workers have lower average pay than the White UK-born workforce. However, we know much less about how these gaps vary over the life-cycle because of data limitations. We ...Read more...

Blog

Imperial College Business School:

What's holding back the green transition?

New research from Imperial College Business School reveals what's stopping businesses from taking action to protect our overheated planet....Read more...

CEP discussion paper

Assessing the costs of balancing college and work activities: The gig economy meets online education

Balancing the demands of work and schooling is a challenging task for an increasing number of students who have to pay their way through college and for workers who intend to upgrade their skills. However, flexible learn...Read more...

CVER Research Paper

The mismatch earnings penalty

We disentangle the relationship between student ability, course quality and the match between the two on earnings, estimating the first mismatch parameter in the literature. Using administrative data on all state-educate...Read more...

CEP discussion paper

Spatial economics

This paper reviews recent research in spatial economics. The field of spatial economics is concerned with the determinants and effects of the location of economic activity in geographic space. It analyses how geographica...Read more...

Journal article

The Economic Journal: Forthcoming

Employer Screening and Optimal Unemployment Insurance

Field experiments show that employers are less likely to consider long-term unemployed job-seekers for interviews. We study the implications for optimal unemployment insurance (UI). Based on a structural model of job sea...Read more...

Journal article

American Economic Journal: Economic Policy:

Education and Geographical Mobility: The Role of the Job Surplus

Better educated workers accept many more long-distance job offers, and relocate quicker following local shocks. I attribute this to a fundamental feature of their labor market experience, unrelated to geography: large re...Read more...

CEP discussion paper

Crime and education

Research studying connections between crime and education is a prominent aspect of the big increase of publication and research interest in the economics of crime field. This work demonstrates a crime reducing impact of ...Read more...

Blog

Economics Observatory:

UK higher education finance: what's the problem and what can be done?

The tripling of tuition fees in 2012 put universities in a strong financial position. But since then, fees - and the maintenance loans that support students - haven't kept up with inflation. Now, students face real hards...Read more...

CEP discussion paper

Job displacement, remarriage and marital sorting

We investigate how job displacement affects whom men marry and study implications for marriage market matching theory. Leveraging quasi-experimental variation from Danish establishment closures, we show that job displace...Read more...

Blog

Vox EU:

Distance from innovation is a barrier to the adoption of artificial intelligence

While distance may seem unimportant in the face of technological progress in transportation and communication, several studies have found that distance is a barrier to the diffusion of inventive activity and technology a...Read more...

Blog

The local economic development podcast:

Spatial rebalancing with Henry Overman - Econ 101 for local growth

Can 'Economics 101' and radical incrementalism reshape local economic development? David and Mike explore this and more with Professor Henry Overman. Tune in for a deep dive into practical economic strategies and their i...Read more...

Blog

LSE Politics and Policy:

Investing in mental health is both a moral and an economic imperative

Mental illness is a leading cause of absenteeism and a driver of long-term sickness, which poses a significant economic cost due to economic inactivity. It accounts for half of all morbidity (the rate of disease in a pop...Read more...

CEP discussion paper

Crime and the labor market

The economics of crime has emerged as a critical field over the past 30 years, with economists increasingly exploring the causes and consequences of criminal behavior. This chapter surveys key contributions and developme...Read more...

CentrePiece article

in brief... Designing carbon markets that deliver change

Ever since the European Union created its market-based carbon policy, governments and businesses have been keen to assess its impact. Jonathan Colmer, Ralf Martin, Mirabelle Muûls and Ulrich Wagner explain why analysing ...Read more...

CentrePiece article

Parenthood and academia

Women are underrepresented in senior academic positions in economics. Ria Ivandic and Anne Sophie Lassen assess the impact of having children on men and women's career trajectories....Read more...

CentrePiece article

How to build a citizen

Schools are where the next generation learns not only how to understand the world but also how to change it. Research by Simon Briole, Marc Gurgand, Eric Maurin, Sandra McNally, Jenifer Ruiz-Valenzuela and Daniel Santin ...Read more...

CentrePiece article

The unequal health effects of smart tech in the workplace

How does technological progress affect workers' health? Melanie Arntz, Sebastian Findeisen, Stephan Maurer and Oliver Schlenker explore the effects of digitalisation and find evidence of worsening health among manual wor...Read more...

CentrePiece article

Spending public money to create happier lives

Choosing policies that most improve wellbeing would radically change government priorities. David Frayman, Christian Krekel, Richard Layard, Sara MacLennan and Isaac Parkes explain the science behind the new approach....Read more...

Submission to a parliamentary inquiry and government consultation

Industry and Regulators Committee

The UK is a service-led economy, with strengths in sectors such as financial and business services, the creative and cultural industries, and life sciences, which together employ 20% of the workforce. To build on these s...Read more...

Blog

What works Centre for Local Economic Growth:

What might plans for a new industrial strategy mean for local growth?

On Monday, the Government published their green paper for a new national industrial strategy. This sets out the broad direction of their plan for industrial strategy and the thinking behind it, before the full strategy w...Read more...

Blog

Promarket:

Does Domestic Competition Help EU Firms Compete Abroad?

In a survey of nearly 400 European firms that export abroad, Elena Argentesi, Livia De Simone, Stephan Paetz, Vincenzo Scrutinio find that most firms believe that competition forces them to produce cheaper and higher qua...Read more...

CEP discussion paper

Is distance from innovation a barrier to the adoption of artificial intelligence

Using our own data on artificial intelligence publications merged with Burning Glass vacancy data for 2007-2019, we investigate whether online vacancies for jobs requiring AI skills grow more slowly in US locations farth...Read more...

Blog

LSE Business Review:

Workers in finance from lower socio-economic backgrounds don't have equal voice

Employee voice refers to the informal and voluntary sharing of ideas, suggestions, concerns or opinions about work-related matters, with the goal of driving improvement or change. When voice is suppressed or marginalised...Read more...

Blog

Vox EU:

Closing the health gap: How chronic illness drives health inequality early on

Though health disparities have long been the subject of research and debate, life expectancy gaps between rich and poor remain striking, even in countries with universal access to healthcare. This column analyses the roo...Read more...

Blog

LSE Business Review:

Economic growth requires breaking the cycle of poor work and ill health

Work is an important part of our lives and crucial to wellbeing. But "good" work that offers security and autonomy is unevenly distributed. Workers in lower-paid jobs often find themselves trapped in "bad" jobs, characte...Read more...

CEP discussion paper

Highway traffic in Britain: The effect of road capacity changes

This paper provides a theoretical framework to study the relationship between expanded road capacity, traffic volumes and increased economic activity. We build on Anas (2024) to show that increased volumes do not necessa...Read more...

Blog

LSE Business Review:

Education makes women, not men, more likely to have children

Given the wide-ranging consequences of declining fertility rates, academics and policymakers around the world are increasingly interested in understanding what influences men's and women's decision to start a family. Han...Read more...

Blog

Vox EU:

Global environmental cooperation and innovation

In the ongoing debate on climate change, one of the most pressing challenges is fostering effective international cooperation. This column examines the success of the 1987 'Montreal Protocol' in phasing out harmful chlor...Read more...

Blog

Vox Talks (podcast):

The economics of strategy (podcast)

Organisations don't just provide employment: they solve, or attempt to solve, important problems in our society. Organizational economics has made some impressive strides in recent years to show what choices organisation...Read more...

CEP occasional paper

Mental health support teams in schools: Evidence and assumptions

In this paper we examine the cost-effectiveness of providing NICE recommended psychological therapy to young people. For each type of mental health problem we show: (i) the assumptions used to derive the impact of treati...Read more...

CEP occasional paper

Mental health and employment

In this report we evaluate the benefits and costs of providing NICE recommended treatment for addiction or severe mental health problems over a two-year time horizon for one individual. We separately investigate addictio...Read more...

CEP report

Value for money: How to improve wellbeing and reduce misery

The government spends billions on our behalf. How do we want this money to be spent? This report reviews a range of policies and asks the fundamental question which should be asked of every policy: Does it deliver value ...Read more...

Journal article

Journal of Economic Literature:

Temporary Employment in Markets with Frictions

Temporary employment has spiked in OECD countries over the last 40 years and is now a common feature of their labor market landscape. A large body of empirical literature examines the spread of temporary employment, but ...Read more...

Journal article

Journal of International Economics:

All aboard: The effects of port development

Seaports facilitate the fast flow of goods across space, but ports also entail local costs borne by host cities. We use the introduction of containerized shipping to explore the effects of port development. At the local ...Read more...

Chapter

Individual wellbeing and cortisol

in Encyclopedia of Happiness, Quality of Life and Subjective Wellbeing

The variety and the number of ways of measuring individual wellbeing has increased over the past two decades. In addition to all self-reported measures, researchers also consider a wide variety of objectively-measured in...Read more...

CEP discussion paper

Asymmetric pass-through and competition

We study the retail price pass-through of four major tax changes in petroleum products using daily pricing data from gas stations on small Greek islands. We find that (i) the pass-through of the tax hikes is five times h...Read more...

CEP discussion paper

Evaluating the impact of export finance support on firm-level export performance: Evidence from Pakistan

This paper evaluates the impact of two large export finance support schemes on firm-level export performance. The Export Finance Scheme (EFS) and the Long-Term Finance Facility for Plant & Machinery (LTFF), provide loans...Read more...

Blog

LSE Business Review:

The educational choices of British 16-year-olds matter for the economy

The choices that British 16-year-olds are making in the next few weeks about their future studies matter not just for them and their families but also for the nation's economy. Britain needs a workforce with graduate-le...Read more...

Blog

Grantham Research Institute on Climate Change and the Environment:

Harnessing the UK's strengths for green growth

Esin Serin and Pia Andres set out evidence on the UK's sectoral and technological strengths to assist policymakers as they consider how to allocate support across the economy in a way that maximises green growth opportun...Read more...

CEP discussion paper

When trade drives markup divergence: An application to auto markets

When firms sell in multiple markets, estimates of markups from the demand-side will generally diverge from estimates based on the supply-side (e.g. via production functions). The empirical examination of the importance o...Read more...

Journal article

Oxford Open Economics:

Education inequalities

Education is one of the most important predictors of people's life chances, shaping outcomes like work and pay, health, and wealth. Explaining inequalities in educational outcomes, as well as how wider outcomes vary by e...Read more...

Journal article

Oxford Open Economics:

Labour market inequality

Wage and earnings inequality has been on the rise in the United Kingdom (UK) since the late 1970s/early 1980s, and with faster increases than comparator countries, it is now one of the countries with the highest levels o...Read more...

Blog

LSE Business Review:

The UK must invest in further and higher education

Education has not been a prominent part of the election debates, and further education even less so. But as Sandra McNally, Guglielmo Ventura and Gill Wyness argue, economic growth depends on paying much more attention t...Read more...

CEP election analysis

Further and higher education

There are not enough graduates for sectors in which the UK has a comparative advantage and there are too few people educated to sub-degree level compared to other countries....Read more...

Journal article

The Economic Journal: Forthcoming

Personnel Management and School Productivity: Evidence from India

This paper uses new data to study school management and productivity in India. We report five main results. First, management quality in public schools is low, and -2 standard deviations below high-income countries with ...Read more...

Journal article

Oxford Economic Papers: Forthcoming

Trends in effort at work in the UK

This article links detailed 24-h diary surveys in the UK for the last four decades, to provide evidence of an increase in work effort in three specific dimensions: timing, nature, and composition. We rule out certain pro...Read more...

CEP discussion paper

Identifying agglomeration shadows: Long-run evidence from ancient ports

We examine "agglomeration shadows" that emerge around large cities, which discourage some economic activities in nearby areas. Identifying agglomeration shadows is complicated, however, by endogenous city formation and "...Read more...

CEP election analysis

Work, wages and inactivity

The recent aggregate performance of the UK labour market looks good. But aggregate performance often obscures important changes around averages. Inequality along several dimensions remains a persistent feature of the UK ...Read more...

CEP election analysis

Spatial disparities in productivity and income

This briefing looks at the causes and consequences of UK spatial disparities and what, if anything, policy can do to address them....Read more...

CentrePiece article

The economic costs of the failing planning system

Paul Cheshire began to investigate the economic effects of the UK’s planning system 40 years ago. Here he draws on a recent public lecture – and panel discussion with Stephen Aldridge, Kate Barker and Simon Wolfson – to ...Read more...

CentrePiece article

A generation scarred by the Covid-19 pandemic

The impact of the pandemic on education means that pupils in England are on course for lower GCSE grades well into the 2030s. Lee Elliot Major, Andrew Eyles, Esme Lillywhite and Stephen Machin say that the school system ...Read more...

CEP discussion paper

Education, gender and family formation

We study the effect of educational attainment on family formation using regression discontinuity designs generated by centralized admissions processes to both secondary and tertiary education in Finland. Admission to fur...Read more...

Journal article

Critical Sociology: Forthcoming

A Popular Backlash against Globalization?

Is there a popular backlash against globalization? When did it start and in which forms? What do we know about its causes? We address these questions in the context of advanced democracies. We see the ‘globalization back...Read more...

CEP discussion paper

Property rights and innovation dynamism: The role of women inventors

How do stronger property rights for disadvantaged groups affect innovation? I investigate the impact of strengthened property rights for women on U.S. innovation by analyzing the Married Women's Property Acts, which gran...Read more...

Blog

Imperial College Business School:

Do carbon markets work?

Ever since the EU created its market-based carbon policy, governments and businesses have been keen to see an impact. But analysing how effective policies can be on a noisy economic and global stage is complex - and hard...Read more...

CEP discussion paper

Putting quantitative models to the test: An application to Trump's trade war

The primary motivation behind quantitative modeling in international trade and many other fields is to shed light on the economic consequences of policy changes. To help assess and potentially strengthen the credibility ...Read more...

Journal article

Child Indicators Research:

Economic Development and Adolescent Wellbeing in 139 Countries

There is a positive association between the level of economic development and national levels of overall life satisfaction (OLS) in the adult population, with decreasing marginal returns. However, research shows no assoc...Read more...

Blog

Economics Observatory:

How could the UK's education system be reformed to equalise opportunities?

Nine out of ten respondents to a recent UK poll by More in Common for the Sutton Trust agreed that it is important for young people to have equal opportunities, regardless of their background. While recent YouGov pollin...Read more...

Blog

Economics Observatory:

How can the UK's apprenticeship system be improved?

Apprenticeships are intended to provide opportunities for young people as they move from education to working life. But the way things operate in the UK means that those who would most benefit are often missing out. Appr...Read more...

Journal article

Economics of Education Review:

Teacher value-added and gender gaps in educational outcomes

This paper uses rich administrative data from Chile to estimate teacher value added (TVA) on test scores and on an educational attainment index. We allow each teacher to have a different TVA for male and female students ...Read more...

Journal article

Behavioural Public Policy: Forthcoming

Affective paternalism

Many decisions are curated, incentivised or nudged by a third party. Despite this, only a handful of studies have looked at paternalistic decision-makers and the psychological processes by which they arrive at their deci...Read more...

Blog

Centre for Cities (podcast):

City Talks: Sharing the benefits of a high-tech economy (podcast)

Centre for Cities chief executive Andrew Carter is joined by Professor Neil Lee, professor of economic geography at the London School of Economics and author of Innovation for the Masses: How to Share the Benefits of the...Read more...

Journal article

American Economic Journal: Microeconomics:

Technology Transfer in Global Value Chains

Global value chains create opportunities for North-South technology diffusion. This paper studies technology transfer in value chains when contracts are incomplete and input production technologies are imperfectly exclud...Read more...

CEP discussion paper

Accounting for the evolution of China's production and trade patterns

This paper studies the evolution of China's production and trade patterns during its integration into the global economy. We document and explain new facts concerning changes in production and exports at the industry and...Read more...

Journal article

The Economic Journal:

Taking Back Control? Quasi-Experimental Evidence on the Impact of Retirement on Locus of Control

We use Australian panel data to examine the impact of retirement on individual locus of control, a socio-emotional skill with substantial explanatory power for a broad range of life outcomes. Exploiting the eligibility a...Read more...

CEP discussion paper

Teacher value-added and gender gaps in educational outcomes

This paper uses rich administrative data from Chile to estimate teacher value added (TVA) on test scores and on an educational attainment index. We allow each teacher to have a different TVA for male and female students ...Read more...

Blog

LSE Business Review:

The increasing complexity of digitalisation may hurt manual workers' health

Some of the effects of workplace digitalisation are well studied, such as changes in workers' wages and increased economic inequality. But how does technological progress affect workers' health? Melanie Arntz, Sebastian ...Read more...

Blog

Vox EU:

Cool cities: The value of urban trees

Cities are warming faster than their rural surroundings. But the ecosystem support provided by urban forestry is often omitted from climate policies due to the difficulty in assigning to it a credible monetary sum. Lu Ha...Read more...

External publication

Labour Economics: Thinking through Labour's economic agenda

With the Labour Party having vowed to achieve the fastest growth in the G7, the Social Market Foundation has brought together leading economic experts to provide independent analysis of the party's proposed approach - an...Read more...

Journal article

Oxford Research Encyclopedia of Economics and Finance:

Labor Market Returns to Higher Education

The persistent high wage premium associated with college education, despite increasing participation rates, continues to generate a great deal of academic and policy interest. While it is widely agreed that the financia...Read more...

Blog

What Works Centre for Local Economic Growth:

Do plural ownership policies matter for local economies?

Anamaria Tibocha-Nino outlines how a new evidence briefing published by the What Works Centre for Local Economic Growth provides guidance for local policymakers on how to think through some of the local economic impacts ...Read more...

Blog

LSE EUROPP:

What explains the gender ideology gap?

Felipe Carozzi and Andres Gago present evidence from Spain that can provide a partial explanation for a growing ideological gap between young men and women across the world....Read more...

CEP discussion paper

Beyond the enrolment gap: Financial barriers and high-achieving, low-income students' persistence in higher education

Little is known about what influences high-achieving, low-income students' persistence in higher education, despite extensive work on their enrolment decision. This paper investigates the role of credit constraints. Usin...Read more...

Blog

LSE Inequalities:

The spiralling costs of higher education are hitting stay at home students harder

Since the pandemic, a new divide has emerged in higher education between commuter students, on the one hand, and on-campus students, on the other. Reporting on the findings of a new student money and wellbeing survey, Le...Read more...

Journal article

American Economic Review:

When Tariffs Disrupt Global Supply Chains

We study unanticipated tariffs in a setting with firm-to-firm supply relationships. Firms conduct costly searches and negotiate with potential suppliers that pass a reservation level of match productivity. Global supply ...Read more...

Journal article

Journal of Labor Economics:

The Employment and Distributional Impacts of Nationwide Minimum Wage Changes

We estimate the effect of the introduction of the UK’s National Living Wage in 2016, and increases in it up to 2019, using a new empirical method. We apply a bunching approach to a setting with no geographical variation ...Read more...

Journal article

American Economic Journal: Applied Economics:

Measuring Absolute Income Mobility: Lessons from North America and Europe

We use linked parent-child administrative data for five countries in North America and Europe, as well as detailed survey data for two more, to investigate methodological challenges in the estimation of absolute income m...Read more...

Journal article

Journal of the European Economic Association :

Formation of College Plans: Expected Returns, Preferences and Adjustment Process

We exploit a large exogenous shock to study the formation, and updating, of educational plans, and to examine how these plans ultimately impact later educational attainment. Using novel, longitudinal, microdata on cohort...Read more...

Blog

What Works Centre for Local Economic Growth:

New opportunities in transport investment for growth?

In February, the government announced the new Local Transport Fund, a package of £4.7bn of spending. Places will be able to spend funds on a range of transport investments, with the aim of improving connectivity within a...Read more...