The IEA responds to Equal Pay Day campaign

The Equal Pay Day campaign, run by the Fawcett Society, promotes an inflated pay gap figure that is 5.1 percentage points higher (or nearly 60% greater)  than the official calculation, according to the Institute of Economic Affairs’ latest briefing on the gender pay gap. The official gender pay gap, according to recent data from the ... Continue reading

The IEA reacts to the proposed 'sin tax' on red meat

Responding to the suggestion that a 'sin tax' should be levied on red and processed meat, Christopher Snowdon, Head of Lifestyle Economics at the Institute of Economic Affairs said: “This is the same combination of junk science and dodgy economics that led to the sugar tax. An unholy alliance of ‘public health' campaigners, environmentalists and ... Continue reading

IEA releases report on innovation in agriculture

Britain’s agricultural productivity has stagnated at a time when the world needs to double food production to keep up with the growth of the population, according to a new IEA report.  Two papers, written by Matt Ridley and David Hill, set out how innovation in farming can lead to higher crop yields, while also releasing land ... Continue reading

IEA reacts to the Autumn Budget Announcements 2018

Commenting on the Chancellor of the Exchequer's Autumn Budget announcements, the IEA's Director General Mark Littlewood said: "From education to business rate relief, this Budget was marked with far too many fiddly announcements. When – in word count – one of your lengthiest announcements is about public lavatories, this should be taken as a sign ... Continue reading

2018 Autumn Budget briefing

Ahead of Monday's Budget announcements, the IEA's Chief Economist Julian Jessop said:  "The first rule of Chancellors, like doctors, should be to ‘do no harm’. Mr Hammond may be under growing pressure to announce a splurge of public spending, but this would undermine economic recovery. "Even on current plans, it will be at least a quarter ... Continue reading

IEA announces winner of the Richard Koch Breakthrough Prize

Ben Clements, an analyst based in London, will tonight be announced as the winner of the £50,000 IEA Breakthrough Prize. The prize, supported by entrepreneur Richard Koch, sought to find the best and boldest entry outlining a ‘free market breakthrough’ policy to solve the UK housing crisis. It was judged by a panel including Jacob ... Continue reading
Housing and Planning

IEA releases the 2018 Breakthrough Prize finalists shortlist

The Institute of Economic Affairs is delighted to announce the shortlist for the Richard Koch Breakthrough Prize. The prize – an essay competition focused this year on housing – was launched in July 2018. The first prize of £50,000 will be awarded to the best and boldest entry outlining a ‘free-market breakthrough’ policy to solve ... Continue reading

IEA reacts to Theresa May's speech at Conservative Party Conference

Spokespeople from the Institute of Economic Affairs (IEA) respond to the Prime Minister's speech at Conservative Party Conference: On the speech, IEA Director General Mark Littlewood said: "The Prime Minster delivered a robust defence of the benefits of free enterprise, spelling out clearly that nationalisation of industry results in less efficient and more expensive delivery of ... Continue reading

IEA reacts to the Chancellor of the Exchequer's speech at Conservative Party Conference

Spokespeople from the Institute of Economic Affairs (IEA) respond to the Chancellor of the Exchequer's speech at Conservative Party Conference: On Philip Hammond's speech, IEA Director General Mark Littlewood said:  “The rhetoric of the Chancellor's speech was encouraging - with talk of lowering taxes to boost growth, and action to reduce the budget deficit further. But ... Continue reading

IEA releases a primer on free trade

Following the advent of the Internet, our systems of economic co-operation have become the most productive they have ever been. But recent global trends towards increased protectionism mean it is necessary to re-emphasise the benefits of free trade.  The Institute of Economic Affairs’s latest report, Free trade and how it enriches us, goes back to basics ... Continue reading