Trade, Development, and Immigration
On 17th January, I appeared as an expert witness on Brexit and US-UK trade relations before the House of Commons Select Committee on International Trade. A recording of the full session (which also included interesting contributions from Dr Peter Holmes and Warwick Lightfoot) is available here. Here are some of the key points. First, there is overwhelming ... Continue reading
Government and Institutions

Kate Andrews is co-guest of the day on BBC Daily Politics

Kate Andrews, News Editor at the Institute of Economic Affairs has appeared as co-guest of the day on the BBC Daily Politics programme. On John Worboys: We're so used to trial by media these days, it's easy to forget that we have a justice system and we don't have all the information available. The biggest ... Continue reading
Trade, Development, and Immigration
The Mayor of London, Sadiq Khan, has published yet another negative assessment of the long-term economic consequences of Brexit. The report itself is an honest attempt by a reputable consultancy, Cambridge Econometrics. But like almost all such studies, it uses flawed assumptions to arrive at flawed conclusions. The credibility of the specific numbers has also ... Continue reading
Julian Jessop, the IEA's Chief Economist and Head of the Brexit Unit, explains what unilateral free trade is, and how it could benefit UK consumers and Third World producers alike. For more on the advantages of truly open markets, read the IEA briefing, 'The case for free trade’: https://iea.org.uk/wp-content/uploads... SUBSCRIBE to our YouTube channel: https://www.youtube.com/user/iealondon ... Continue reading
Economic Theory
Despite Brexit, growth in the UK economy beat expectations in 2017 and is likely to do so again this year. Of course, the UK hasn’t actually left the EU yet and no-one can be entirely confident about what will happen next. But a useful starting point might be that the consensus of economists will almost ... Continue reading
Government and Institutions
After months of talks, EU and UK negotiators have finally reached an agreement on Phase 1 of the Brexit talks, to begin trade talks in the New Year. But just how binding is all of this? IEA Chief Economist and Head of the Brexit Unit Julian Jessop, and Digital Officer Madeline Grant discuss the outstanding ... Continue reading
Research

IEA Brexit Unit responds to the news that the Brexit talks are moving to phase two

Summary:  The EU has confirmed that phase 2 of the Brexit talks, covering the future relationship, can now begin. However, there are still no clear answers to the challenges posed by the unique position of Ireland. The UK has committed, subject to specific conditions, to maintain ‘full alignment’ with the rules of the single market ... Continue reading
Economic Theory
Occasionally a politician says something that personifies their worldview. Last week, it was Irish Prime Minister Leo Varadkar, who expressed the old eurocrat canard that free trade requires “a fair and level playing field”. Asked a Brexit-related question, Varadkar was quick to state that continued free trade across the Irish border required UK regulatory alignment ... Continue reading
Government and Institutions
Today’s joint report from the EU and UK negotiators confirms the progress made on the issues of citizens’ rights and the financial settlement. The crucial next phase of talks on the future relationship can now begin at last. Nonetheless, the solutions to the Irish questions still have the potential to shape Brexit for the UK ... Continue reading
Tax and Fiscal Policy

Kate Andrews appears on BBC Question Time

Kate Andrews, News Editor at the Institute of Economic Affairs has appeared on the BBC Question Time panel. On Brexit becoming a pantomime: There are pros and cons to any vote, particularly one of this magnitude. If you decide to stay in the single market and the customs union you are cutting yourself off from ... Continue reading