In this joint Bank of England and Behavioural Insights Team study, we test the effectiveness of different approaches to central bank communications. Using an online experiment with a representative sample of the UK population, we measure how changes to the Bank of England's summaries of the...

This rapid literature review was carried out to inform the design of a series of Business Basics messaging trials. The review resulted in 2 key findings. 1. It identified multiple behavioural factors that affect whether firms adopt technology and management practices, for example:...

We introduce a novel data set to analyze the impact of the Covid-19 crisis on SME cash flows. The crisis led to a sharp drop in economic activity in the UK, which hit SMEs harder than larger businesses. The data set comprises monthly information on all 2 million SMEs that have current accounts...

The Covid-19 crisis led to a sharp drop in economic activity in the UK, which hit small and medium enterprises (SMEs) harder than larger businesses. We introduce a novel loan level dataset for 2 million UK SMEs (~5 billion data points) to document a few important facts during Covid-19: (1) The...