Director BCG Centre for Growth. Former: Special Adviser to the PM on Europe & DExEU 2016-19. Also previously Deloitte UK & OpenEurope. Views my own.https://bsky.app/profile/rruparel.bsky.socialhttps://bsky.app/profile/rruparel.bsky.social/post/3mkcp3sxnrk2d🚨I've launched a new Substack — The Political Economy of AI 🚨 Writing in a personal capacity, I'll be looking at how key principles & assumptions in economics & policy might be reshaped by AI. Please read, subscribe and challenge! https://open.substack.com/pub/raoulruparel/p/ai-in-an-open-economy-reshaping-terms?utm_source=share&utm_medium=android&r=9tcqp25 Apr 2026 09:11 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3mkcp3sxnrk2dhttps://bsky.app/profile/rruparel.bsky.social/post/3mjoxdptyms2hIt was great to contribute to this. You can read my essay (focused on the practicalities of an abundance agenda in the UK) but more importantly all the other great ones in this edition of Progressive Review. I hope some of these ideas are picked up in HMG. [contains quote post or other embedded content]17 Apr 2026 12:45 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3mjoxdptyms2hhttps://bsky.app/profile/rruparel.bsky.social/post/3mjjvg4q4qc2iAn interesting paper on an underexplored part of Brexit impacts. Broadly confirms what those of us who worked with business on implementation saw first hand. But I think the key point here is the one they make about sunk costs. I think many of these are already in play (not 3-5 years away) (1/4) [contains quote post or other embedded content]15 Apr 2026 12:27 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3mjjvg4q4qc2ihttps://bsky.app/profile/rruparel.bsky.social/post/3mfjiewbwds2z🚨New report from us BCG CfG today🚨 we take a sector & firm view of UK productivity growth over past 3 decades, including benchmarking against peers. UK is falling back from global frontier but for quite different reasons in different sectors 1/23 Feb 2026 10:53 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3mfjiewbwds2zhttps://bsky.app/profile/rruparel.bsky.social/post/3mdfigaej6t2aWe think (happy to be corrected) this is the broadest & deepest study of its kind, building on existing academic work. We take a longer timeline & a wider set of different types of infra as well as a larger country group than ever before. For those interested in the modelling approach, details below [contains quote post or other embedded content]27 Jan 2026 09:53 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3mdfigaej6t2ahttps://bsky.app/profile/rruparel.bsky.social/post/3mdfi2ordhk2a🚨New report from us @BCG 🚨. We look at 7 types of infrastructure across 92 countries over 30 years to understand their economic benefits. Key message: a +5% increase in infrastructure stock is associated with +0.3 to +0.45pp higher long-run GDP growth. This is huge... 1/ https://www.bcg.com/publications/2026/infrastructure-investments-in-an-uncertain-world27 Jan 2026 09:47 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3mdfi2ordhk2ahttps://bsky.app/profile/rruparel.bsky.social/post/3mcza4e3svc2aGood piece, well worth a read. The gap between reality & rhetoric remains large. I suspect part of the problem is that if you put to many leaders of middle powers that they should adopt a principled and pragmatic approach, most would argue that they already are! [contains quote post or other embedded content]22 Jan 2026 12:52 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3mcza4e3svc2ahttps://bsky.app/profile/rruparel.bsky.social/post/3m3ucale2gk2y🚨New research🚨 out today from us at BCG Centre for Growth – looking at how the UK can unlock further value from healthcare innovation. As it stands, we leave significant value (£78bn) on the table, growing behind Italy & Spain in some health subsectors 1/ https://www.bcg.com/publications/2025/united-kingdom-innovation-for-impact-unlocking-the-potential-of-the-healthcare-ecosystem?utm_source=linkedin&utm_medium=social&utm_campaign=none&utm_description=organic&utm_topic=none&utm_geo=lon&utm_content=hcinnovation_oct25_li_rrli23 Oct 2025 11:51 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3m3ucale2gk2yhttps://bsky.app/profile/rruparel.bsky.social/post/3ll4n7jfkzs2jIronically during the original negotiations it was the EU (especially France and Macron) that wanted to keep defence more separate. He regularly told us - we can have a great relationship on defence etc but on Brexit & trade it will be painful. As Martin says, it's not that simple...(1/3) [contains quote post or other embedded content]24 Mar 2025 11:20 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3ll4n7jfkzs2jhttps://bsky.app/profile/rruparel.bsky.social/post/3lksqrx6npk24This is an interesting (& somewhat crazy chart) from the OECD Global Dept Report out today. Huge amounts of additional borrowing from corporates not shifting the dial on investment. https://www.oecd.org/en/publications/global-debt-report-2025_8ee42b13-en.html20 Mar 2025 12:57 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3lksqrx6npk24https://bsky.app/profile/rruparel.bsky.social/post/3ljpyadcjv22jAgreed with Jill on this. One budget would make sense, just look at the swings in UK borrowing costs we've seen this year. I can though understand the case for two budgets. What I really can't see the case for is one budget with two separate forecasts per year. Always a terrible idea. [contains quote post or other embedded content]06 Mar 2025 17:08 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3ljpyadcjv22jhttps://bsky.app/profile/rruparel.bsky.social/post/3lj66ochzuk2gIn this work we have (for 1st time?!) estimated share of UK announced infrastructure projects that never go ahead - 37%!! Based on data from 2010-15, 16% of announced projects get scrapped while a further 21% get stuck in planning/preconstruction stage for over a decade. [contains quote post or other embedded content]27 Feb 2025 15:15 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3lj66ochzuk2ghttps://bsky.app/profile/rruparel.bsky.social/post/3lj5nbdjjrc2s🚨New research🚨 out today from us at BCG Centre for Growth – based on current project pipeline next 5 years could see £700-£900bn invested across 8 key sectors. This is 2.1x-2.7x level in past 5 years. Huge opportunity for the UK. But... 1/ https://www.bcg.com/united-kingdom/centre-for-growth/insights/uplift-in-demand-shortfall-in-supply-can-the-uk-deliver-on-its-infrastructure-investment-ambitions/27 Feb 2025 10:03 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3lj5nbdjjrc2shttps://bsky.app/profile/rruparel.bsky.social/post/3liou2crkx227Finally made the move over from the other place! Starting off with a recent piece I wrote about what the Chancellor needs to do to deliver on growth ambitions. A big part is, focus on delivery & implementation (often the hardest things in govt) (1/2) https://www.linkedin.com/pulse/easier-said-than-done-how-chancellor-can-deliver-uk-raoul-ruparel-obe-2o8ke/?trackingId=vwU3tlSDTj%2BK%2FMSq8pfvWg%3D%3D21 Feb 2025 12:55 +0000at://did:plc:7o7choaurqr2xthsztd75pd6/app.bsky.feed.post/3liou2crkx227