IEA responds to Joseph Rowntree Foundation report on poverty

Commenting on the Joseph Rowntree Foundation's report on poverty Chris Snowdon of the Institute of Economic Affairs said: “While this report rightly points to the problem of high living costs in this country, measuring standards of living on how frequently you are able to replace your wardrobe or afford optional items such as a barbecue ... Continue reading

IEA releases briefing on alcohol taxation

The UK's system of alcohol duty is both excessive and irrational. Duty collected on alcohol exceeds the costs incurred to public services caused by alcohol-related crime and health problems by 130% - or £6.1 billion annually - and yet some strong ciders are under-taxed. The rate of tax on units of alcohol ranges from 7p ... Continue reading

IEA reacts to Government's housing White Paper

Commenting on the Government's White Paper on housing released today, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “Despite being well-intentioned, many of the initiatives put forward are fiddly and fail to address the main cause of Britain's broken housing market: a lack of supply. "Forcing councils to set aside land for ... Continue reading

IEA releases report on government intervention in the childcare sector

Childcare provision in the UK is amongst the most expensive in the developed world. This is despite the government pouring more than £7 billion into the sector every year. A new report released today from the Institute of Economic Affairs calls for universal ‘free’ care to be abolished and for costly regulations to be scrapped in order ... Continue reading

IEA reacts to calls for the government to increase duty on 'cheap' alcohol

Commenting on the Alcohol Health Alliance's call on government to increase duty on cheap, high strength alcohol, Christopher Snowdon, Head of Lifestyle Economics at the Institute of Economic Affairs, said: “Alcohol taxation in the UK is illogical and inconsistent. Strong cider is taxed at 7p per unit while strong, fizzy cider is taxed at 34p ... Continue reading

IEA reacts to call for new child health strategy

Commenting on the Royal College of Paediatrics and Child Health's report calling on government to introduce a child health strategy, Chris Snowdon, Head of Lifestyle Economics at the Institute of Economic Affairs, said: "Once again, taxpayers are being told to endure higher prices, more restrictions on their freedom and more of their money being squandered ... Continue reading

IEA releases report showing the net cost of obesity to public services is less than £2.5 billion a year

Ageing population is the real ticking time bomb, says report from the IEA A new report from the Institute of Economic Affairs finds that, contrary to popular belief, the net cost of obesity to taxpayers is only 0.3 per cent of government spending – less than half of the most commonly cited estimate and a ... Continue reading

Mark Littlewood comments on Oxfam's inequality report

Commenting on Oxfam's report which claims that eight people own the same wealth as half the world, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “Once again Oxfam have come out with a report that demonises capitalism, conveniently skimming over the fact that free markets have helped over 100 million people rise ... Continue reading
Labour Market

IEA reacts to Corbyn's suggestion to introduce a maximum wage cap

Commenting on Jeremy Corbyn's suggestion that a maximum wage cap should be introduced to tackle inequality in pay, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “The Labour leader's suggestion to introduce a maximum wage cap to tackle inequality is dangerous and, for all intents and purposes, a 100% income tax rate. ... Continue reading

IEA comment on the High Pay Centre's analysis of executive pay

Commenting on the High Pay Centre's analysis of executive pay released today, Kate Andrews, News Editor at the Institute of Economic Affairs, said: “Once again, 'Fat Cat Wednesday' has distracted us - getting us to focus on the topic of high pay when the crucial issue is that of low pay and the cost of ... Continue reading