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Europe’s digital economy relies on infrastructure most people never see. Beneath the surface – both figuratively and literally – submarine cables carry a material proportion of cross-border internet traffic, including the data flows generated by the cloud services used by European enterprises.
Removing trade barriers on goods, including food and drink and electrical items, could result in a 2.2 per cent uplift in gross domestic product in the long run, boosting the economic growth the prime minister so desperately wants to deliver, financial analysts Frontier Economics found.
“That could create opportunities if retailers are nimble to pickup this cheaper stock, but also risk of more low price competition,” Tim Black, economist at Frontier Economics, said.
A study by Frontier Economics states that the capacity of utility-scale BESS can generate €12 billion ($13.6 billion) in added economic value.
According to a report released by Frontier Economics in February, a blanket 20% tariff on EU goods would cost the EU $209 billion. Services exports were expected to increase slightly.
A study by GoDaddy’s Venture Forward looked at the economic impacts of small businesses and the attitudes of the owners who start them. It analysed data from more than 600,000 UK microbusinesses, GoDaddy’s research in partnership with Frontier Economics found that each additional digital microbusiness is associated with an average increase of around five jobs per resident.
By 2034, qualified GPs in England will deliver just 70% of all appointments at surgeries, down from the 90% who did so as recently as 2015, the analysis forecasts. Patients will increasingly see another type of health professional, such as a nurse, physiotherapist or pharmacist, when they visit their practice, Frontier Economics predicts.
It estimated that on current trends the number of avoidable cancer diagnoses is due to rise from 184,000 to 226,000 a year by 2040 because of population changes. Between now and then, 3.7 million people will be diagnosed who would have not developed the disease if it had not been for the four known main risk factors – smoking, drinking, obesity and UV radiation. Those cases combined will cost the UK £1.26tn, Frontier believes.