Commenting on reports that Chancellor Rishi Sunak is considering cutting VAT on energy bills, Andy Mayer, Chief Operating Officer at free market think tank the Institute of Economic Affairs, said: "This is smart politics by the Chancellor. As the cost of living and specifically energy prices rise, all tax cuts are welcome relief for the ... Continue reading
Commenting on the latest GDP figures, published by the ONS today, Julian Jessop, Economics Fellow at free market think tank the Institute of Economic Affairs, said: "The growth of 0.4 per cent in the UK economy in August may not sound like much but, when combined with revisions to previous data, it means that GDP was ... Continue reading
Commenting on the report's findings, Dr Kristian Niemietz, Head of Political Economy at free market think tank the Institute of Economic Affairs, said: "This is a measured and thorough response which contains plenty of food for thought, but those who were looking for some grand, all-encompassing theory of everything are likely to end up disappointed. "The ... Continue reading
Responding to Lord Frost's speech today in Lisbon, Victoria Hewson, Head of Regulatory Affairs at free market think tank the Institute of Economic Affairs, said: "The imposition of a trade border between Great Britain and Northern Ireland was always likely to cause friction between the UK and the EU. The Northern Ireland Protocol has caused tension ... Continue reading
The Institute of Economic Affairs (IEA), the UK’s leading free-market think tank, has announced the appointment of Matthew Lesh as Head of Public Policy. Matthew is currently Head of Research at the Adam Smith Institute, where he leads the research agenda and publications, undertaken original research and extensive commentary, and hosts ‘The Pin Factory’ podcast. ... Continue reading
Commenting on the labour market statistics published by the ONS today, Julian Jessop, Economics Fellow at free market think tank the Institute of Economic Affairs, said: "Today’s strong employment data should help to calm fears that the UK is sliding back into recession, although they also make it harder to argue that interest rates still ... Continue reading
Commenting on calls to bail out energy-intensive industries, Andy Mayer, Chief Operating Officer at free market think tank the Institute of Economic Affairs, said: "One consequence of the government's commitment to Net Zero has been to make British energy much more expensive. Now, the very same industries based in communities at the heart of the ... Continue reading
Commenting on Boris Johnson's speech, Mark Littlewood, Director General at free market think tank the Institute of Economic Affairs, said: "The Prime Minister says he wants a high wage economy. That requires gains in productivity, which we would see if the government started deregulating rather than over-regulating. "He says he wants a low tax economy, ... Continue reading
Ahead of the Spending Review, Chancellor Rishi Sunak gave ministers a financial reality check at packed fringe event hosted by Institute of Economic Affairs Director General Mark Littlewood and the TaxPayers' Alliance Chief Executive John O'Connell at Conservative Party Conference. Key Quotes: When asked how much Net Zero will cost, Sunak said: “You can’t put a figure on ... Continue reading
Commenting on the government's U-turn on planning reform, Dr Kristian Niemietz, Head of Political Economy at free market think tank the Institute of Economic Affairs, said: "Michael Gove’s announcements to put the government’s planning reforms on hold are just the latest manifestation of the Iron Law of British politics: in the end, the NIMBYs always win.  ... Continue reading