IEA responds to figures from the British Chambers of Commerce

Responding to figures from the British Chambers of Commerce which suggest nearly half of businesses plan to furlough at least half of their staff under the government's wage scheme, Andy Mayer, Chief Operating Officer at the Institute of Economic Affairs, said: “The figures in the BCC survey are disappointing but not surprising. “The Coronavirus Job Retention Scheme was designed ... Continue reading
Professor Len Shackleton, Editorial and Research Fellow at the Institute of Economic Affairs, said: “The decision to raise the National Living Wage by an unprecedented 6.2%, and other minimum wages by significant amounts, always risked scuppering employment growth, particularly in poorer regions where arbitrary wage hikes could offset the government’s plans to boost investment and ... Continue reading
No more than 15% of healthy workers confined to their homes will work productively, argues new research from the Institute of Economic Affairs. Government restrictions on social interaction designed to slow the spread of coronavirus have led to a rapid increase in the number of people working from home. But a new briefing paper from the ... Continue reading
Commenting on Chancellor Rishi Sunak's plans to support the self-employed during the Covid-19 pandemic Julian Jessop, Economics Fellow at the Institute of Economic Affairs, said: “The Chancellor has done a good job in drawing up a sensible package to support the self-employed, which is a relatively diverse group of people with different needs and different ... Continue reading

IEA responds to government decision to suspend enforcement of gender pay gap reporting in light of the Covid-19 pandemic

Commenting on Equalities Minister Liz Truss’s decision to suspend enforcement of gender pay gap reporting in light of the Covid-19 pandemic Annabel Denham, Director of Communications at the Institute of Economic Affairs, said: "The government’s suspension of compulsory reporting for this year, given the unprecedented pressures placed on businesses by Covid-19, is a welcome move. ... Continue reading
Tax and Fiscal Policy
Mark Littlewood, Director General of the Institute of Economic Affairs, said: “Economists have long been predicting an economic downturn, but no one could have anticipated that it would be triggered by a global pandemic. Nonetheless, the coronavirus outbreak highlights that the UK government has again failed to fix the roof while the sun was shining. ... Continue reading
Over-regulation in the United Kingdom risks undermining the rule of law as objectives are expanded, oversight is weakened, and policymakers use regulation as a political tool, according to a new report out today from the Institute of Economic Affairs. Figures from government’s own Better Regulation Task Force put the cost of regulation to the UK ... Continue reading
Responding to Sadiq Khan’s claim the London mayoral election will be a referendum on rent controls, Dr Kristian Niemietz, Head of Political Economy at the Institute of Economic Affairs, said: “Rent controls have never worked anywhere. They do not just fail to solve the problem they are intended to solve; they also create new ones ... Continue reading
Trade, Development, and Immigration
Commenting on government plans for a UK-US Free Trade Agreement, IEA Director General Mark Littlewood said: "Removing barriers to trade with the 93% of the world’s population who don’t live in the European Union is a vital task. A trade deal with the United States may well have considerably greater benefits than are imagined. The government will ... Continue reading
Responding to the introduction of minimum pricing in Wales (Monday 2nd March), the IEA’s head of lifestyle economics, Christopher Snowdon, said: “Early evidence from Scotland suggests that minimum pricing has no impact on alcohol-related deaths and little, if any, impact on alcohol sales. "Many Welsh residents will be able to avoid higher prices by doing ... Continue reading