IEA releases briefing on customs arrangements post-Brexit

The UK Government should be taking practical steps now to reap the benefits of an independent trade policy when we leave the EU customs union. These include reducing tariffs, reforming agriculture and fisheries policy and exploring regulatory improvements. A new briefing from the IEA’s International Trade and Competition Unit and ACITA makes several recommendations focused ... Continue reading

IEA releases report ahead of the Commonwealth Heads of Government Meeting

Today, ahead of the meeting of Commonwealth Heads of Government, the Institute of Economic Affairs is calling for Commonwealth countries to make a more collective effort to reduce trade barriers, and champion liberalisation in order to kick-start global economic growth once again. The global economy is facing a systemic pattern of low economic growth which ... Continue reading

IEA releases briefing on the Melrose takeover of GKN

The recent purchase of GKN has sparked much controversy, with many calling for the Government to intervene by blocking the deal altogether, or at least forcing Melrose to make additional commitments on jobs and divestment plans. But this is not a matter for public policy and further interference would be counter-productive. A new briefing from ... Continue reading

The sugar levy is a cynical revenue raising device

Ahead of the sugar levy taking effect in the UK, Christopher Snowdon of the Institute of Economic Affairs says: “Many countries have tried taxing soft drinks and none of them has seen a decline in obesity. The UK will be no different. The sugar levy is a cynical revenue raising device that will clobber people ... Continue reading

Sin taxes hit the poorest the hardest

Responding to claims in the Lancet that taxes on sugary drinks, tobacco and alcohol are not regressive (4 April), Christoper Snowdon of the Institute of Economic Affairs said: “The harm done to people on low incomes by sin taxes cannot be shrugged off. Regressive taxation has a strict definition in economics. It means taking a ... Continue reading

IEA releases briefing on gender pay gap reporting measures

The gender pay gap reporting measures have failed to provide any meaningful insight into the reasons for pay differentials between men and women. Instead, they have created problems of their own. The way in which the government has required pay gaps to be measured – breaking down gaps across entire organisations rather than between comparable ... Continue reading

IEA publishes analysis on the relationship between the availability of fast food outlets and obesity levels

The belief that restricting the availability of fast food will reduce obesity is an assumption that is unsupported by any substantive evidence. The Institute of Economic Affairs has carried out new analysis of more than 70 empirical studies from across the world over a period of fifteen years, which all look at the relationship between the ... Continue reading
Tax and Fiscal Policy

IEA reacts to the Chancellor's Spring statement

Commenting on the Chancellor’s Spring statement Mark Littlewood, Director General at the Institute of Economic Affairs said:  “The Chancellor has basically promised us “a little bit of jam tomorrow” in his Spring statement. The budget deficit is falling a little faster than expected, which is welcome. But he is likely to use some of this £4 ... Continue reading
Trade, Development, and Immigration

IEA announces new International Trade and Competition Unit

The Institute of Economic Affairs, the UK’s leading free-market think tank, today announces the launch of its new International Trade and Competition Unit, accompanied by a raft of new staffing appointments. Shanker Singham will head up the new Unit as its Director. He joins the IEA from the Legatum Institute, where he was Director of ... Continue reading

IEA reacts to Public Health England’s plans to cut calorie consumption

Commenting on Public Health England’s plans to cut calorie consumption, Christopher Snowdon, Head of Lifestyle Economics at the Institute of Economic Affairs, said: "The nanny state zealots at Public Health England have lost the plot. The only way companies can realistically meet these targets is by shrinking their products. We have already seen this happen ... Continue reading