Reaction to Conservative Party manifesto

Commenting on the Conservative Party manifesto, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “This manifesto contains some sensible measures but also many policies that would increase the role of the state and make it harder for all to benefit from a free economy. It’s concerning that we may be seeing the ... Continue reading

Reaction to the Liberal Democrat Party's manifesto

Commenting on the Liberal Democrat Party's manifesto, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “The Liberal Democrats’ manifesto is full of spending and tax commitments which could well have a perverse effect on the UK economy. “On the plus side, the sums involved are more realistic than we have seen from other parties so far. ... Continue reading

Reaction to official Labour Party manifesto launch

Commenting on the Labour Party's manifesto, Julian Jessop, Chief Economist at the Institute of Economic Affairs, said: "Advocating more government spending, more tax, more regulation, more state ownership and more state control of prices and wages shows a significant misunderstanding of the positive role of free markets in solving economic and social problems. "The Labour Party's proposals to dramatically ... Continue reading

Reaction to Conservative Party announcement on employment regulations

Commenting on the Conservative Party's announcement on workers' rights protections,  Len Shackleton, Editorial Research Fellow at the Institute of Economic Affairs, said: "Intervention of this kind will lead to increased costs and threaten to undermine the UK's comparatively high employment rate - largely a result of our flexible labour market. Brexit should be used as an opportunity to ... Continue reading

Reaction to Labour's plan to increase taxes on business

Commenting on Labour’s funding pledge via corporation tax hikes,  Julian Jessop, Chief Economist at the Institute of Economic Affairs, said: "Labour’s plan to raise the main rate of corporation tax from 19% to 26% by 2020 – reversing almost all the cut from 28% in 2010 – is a big step backwards. "They are trying to ... Continue reading

New Index shows best and worst places in the EU to drink, eat, smoke and vape

A league table of nanny state regulation puts Britain at the number two spot as the second most meddlesome country in the EU, behind only Finland. This is a deterioration on last year when the UK ranked third. The 2017 Nanny State Index, published today by the Institute of Economic Affairs and the European Policy ... Continue reading
Energy and Environment

Reaction to Conservative Party pledge to introduce cap on household energy bills

Commenting on the Conservative Party's pledge to introduce a price cap on household energy if they win the general election, Mark Littlewood, Director General at the Institute of Economic Affairs, said: "This type of cap is a crude intervention which will not guarantee lower bills for consumers. The move may well end up backfiring with ... Continue reading

Reaction to Labour's plans to restrict advertising further

Commenting on the Labour Party's plan to introduce stricter regulations on advertising of junk food, Christopher Snowdon, Head of Lifestyle Economics at the Institute of Economic Affairs, said: "Banning or restricting advertising has barely had any effect on overall consumption of products. Introducing stricter regulations on when food adverts can be shown will do nothing ... Continue reading

Reaction to Labour's tax plans

Commenting on Labour’s tax plans to be announced tomorrow, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “The Shadow Chancellor’s tax plans are beset with problems. Poorly targeted and wilfully ignoring historical evidence, they are lacking economic credibility and rationale. “Increasing income tax for the top 5 per cent of earners would ... Continue reading