Commenting on Shadow Chancellor John McDonnell’s speech to Labour Party Conference, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “John McDonnell’s speech today was the epitome of fantasy economics. The very fact the Shadow Chancellor is proudly trumpeting Labour as a party of interventionism despite its catastrophic historical record should worry both … Continue reading “McDonnell speech was economically illiterate”
The United Kingdom ranks 10th out of 159 countries and territories included in the Economic Freedom of the World: 2016 Annual Report released today by the Institute of Economic Affairs in conjunction with Canada’s Fraser Institute. The UK’s ranking is unchanged from last year’s. Commenting on the report’s findings, Professor Philip Booth, Editorial and Programme Director at … Continue reading “Global economic freedom slightly up; UK ranks 10th among 159 jurisdictions”
Commenting on the news that the government is set to approve the building of Hinkley Point, Professor Philip Booth, Academic and Research Director at the Institute of Economic Affairs said: “Hinkley Point demonstrates the folly of “industrial strategy”. The government is backing a hugely expensive way of producing electricity on the spurious grounds that it … Continue reading “Hinkley is an incredibly inefficient use of taxpayers’ money”
Housing in the UK, and renting in particular, is the most expensive in Europe with average rents almost 50% higher than those in the Netherlands, Belgium, Germany and France. In the UK, tenants are spending 10-20% more of their incomes on rent payments than their European counterparts. Rent controls are increasingly popular and firmly back … Continue reading “Rent controls would worsen UK housing crisis”
Smoking, along with other tobacco and nicotine use, is often discussed as if it were a disease rather than an individual consumption decision. This disconnect creates confusion and bad government policies, especially in the context of the “tobacco harm reduction” approach of substituting low-risk products, including e-cigarettes and snus, for cigarettes. A new report from … Continue reading “Abolish excise duties on e-cigarettes to reduce harm, argues new report”
Commenting on the Institute for Fiscal Studies’ report out today on the gender pay gap, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “This study tells us little that we did not already know. If anything, the IFS has provided us with more evidence that the wage gap has nothing to do … Continue reading “Employer discrimination not to blame for the gender pay gap”
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