Reaction to the publication of BBC pay

Commenting on the publication of the BBC's top stars' salaries, Mark Littlewood, Director General at the Institute of Economic Affairs, said: "The publication of the BBC's top stars' salaries is a welcome step towards creating transparency between public services and the taxpayers who fund them - particularly while the licence fee is compulsory. Furthermore, these ... Continue reading

Reaction to the Commonwealth Fund study

Commenting on the publication of the Commonwealth Fund, Kate Andrews, News Editor at the Institute of Economic Affairs, said: "Despite the UK ranking 1st overall, a closer look at the Commonwealth Fund study illustrates that the NHS is far from being the 'envy of the world' when it comes to patient outcomes. "The NHS ranks ... Continue reading

Reaction to the Taylor review on employment practices in the modern economy

Commenting on the publication of Matthew Taylor’s Review into employment practices in the modern economy, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “Taylor’s recommendations are likely to achieve little to reduce in-work poverty while increasing costs, which will be passed on to consumers in higher prices for taxi rides and home ... Continue reading

IEA releases report on healthcare funding

The UK has an ever-ageing population, with the ratio of people in retirement age to people of working age set to rise further. Currently there are 28 retirees for every 100 of working age. By 2064 this number will rise to 47 for every 100. Blaming the financial problems of the NHS on unhealthy lifestyles no ... Continue reading

IEA launches Brexit Unit & new paper on EU divorce bill

The IEA is delighted to announce the launch of its new Brexit Unit – set up to ensure that a strong, free market voice is heard clearly as the UK prepares to leave the European Union. Brexit provides a golden opportunity to create a more flexible, open and vibrant economy and to champion, by example, ... Continue reading

IEA react to the agreement between the Conservative Party and the DUP

Commenting on the Conservative Party’s deal with the DUP, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “This deal ignores some economic realities. With an ageing population, the triple lock mechanism, as well as universal pensioner benefits, equate to ever-increasing spending on pensioners relative to a shrinking working population which is simply ... Continue reading

IEA reacts to Queen's Speech

Commenting on the Queen's Speech, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “The Government's action doesn't match up to their rhetoric. While the Queen’s speech promised fiscal responsibility, the Government's track record to close the budget deficit is woeful. And talk of delivering hugely expensive projects like HS2 somewhat jars with this promise ... Continue reading

New IEA report released on the problems with overzealous employment regulation

Whichever party wins the General Election this week, UK workers are almost certain to face increasing employment regulation. Whether it's the Conservative Party's extended care leave and restrictions on zero-hours arrangements, or the Labour Party's outright ban on non-traditional contracts, a hiked-up National Living Wage, maximum pay ratios and increased union powers, political intervention in ... Continue reading

Reaction to Conservative Party manifesto

Commenting on the Conservative Party manifesto, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “This manifesto contains some sensible measures but also many policies that would increase the role of the state and make it harder for all to benefit from a free economy. It’s concerning that we may be seeing the ... Continue reading

Reaction to the Liberal Democrat Party's manifesto

Commenting on the Liberal Democrat Party's manifesto, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “The Liberal Democrats’ manifesto is full of spending and tax commitments which could well have a perverse effect on the UK economy. “On the plus side, the sums involved are more realistic than we have seen from other parties so far. ... Continue reading