IEA release 10 policy proposals for a Conservative manifesto

The Prime Minister's call for a snap general election last week has provided all parties with an opportunity to review and upgrade their manifesto pledges. And, in less than 50 days a government - one most likely with a strong mandate - will be formed, tasked with the responsibility of ensuring our economy is fit ... Continue reading

IEA reacts to Conservative party plans to place a cap on household energy bills

Commenting on the Conservative Party's plan to cap household energy bills, Julian Jessop, Chief Economist at the Institute of Economic Affairs, said: "Introducing a cap on household energy prices would be a clumsy and counterproductive government intervention that could have an adverse effect on the energy market. A cap would likely backfire with companies finding ... Continue reading

IEA reacts to announcement of early general election

Commenting on the Prime Minister's call for an early general election on 8th June 2017, Mark Littlewood, Director General at the Institute of Economic Affairs, said:  "By calling a snap general election, the Prime Minister has provided all parties and politicians with an opportunity to upgrade their manifesto pledges and put forward strong and decisive ... Continue reading

IEA releases report on what fisheries policy should look like outside of the EU

Following Brexit, politicians have the chance to unshackle the UK from damaging fisheries policies and reformulate the system to the benefit of fishermen, consumers and the environment. The British fishing industry has been in continuous decline in recent decades. Under EU control numerous fish stocks have fallen below biological safe levels resulting in large scale ... Continue reading

IEA reacts to Jeremy Corbyn's promise to raise the living wage

Commenting on Jeremy Corbyn's promise to raise the National Living Wage to £10, Mark Littlewood, Director General at the Institute of Economic Affairs said: "Raising the minimum wage so sharply would put the jobs of low-skilled workers and those in part-time work at risk. We have already seen companies in the retail, food and social ... Continue reading

IEA announces Richard Koch Breakthrough Prize winner

Two recent Cambridge graduates, Mark Feldner and Mathew Bonnon, will tonight be announced as winners of the £50,000 IEA Breakthrough Prize. The prize, supported by entrepreneur Richard Koch, sought to find the best free-market solution to tackle poverty among the least fortunate third of the UK population. It was judged by a panel including the ... Continue reading

IEA reacts to Jeremy Corbyn's recommendation on free school meals

Commenting on Jeremy Corbyn's recommendation to provide free school meals for all primary school children, Mark Littlewood, Director General at the Institute of Economic Affairs said: “Free school meals provision is already a poorly targeted policy and extending it to all primary school children would be an unacceptable waste of taxpayers’ money. The scheme will ... Continue reading
Commenting on the Prime Minister's letter triggering Article 50, Julian Jessop, Chief Economist at the Institute of Economic Affairs said: "It's disappointing that the decision to convert existing EU laws is again being justified in terms of continuity and certainty. Instead, Brexit should provide an opportunity to reduce the burden of regulation on UK households ... Continue reading

IEA releases report on energy policy

Inefficient and costly green policies, as well as contradictory objectives – such as using energy policy to achieve poverty reduction and at the same time reduce emissions and pursue industrial policy goals - have caused electricity prices to soar. Over the last 16 years electricity costs for households in England and Wales have increased by ... Continue reading
Tax and Fiscal Policy

IEA reacts to Hammond's u-turn on National Insurance Contributions

Commenting on the Chancellor's u-turn on higher National Insurance Contributions for the self-employed introduced in the Spring Budget last week, Julian Jessop, Chief Economist at the Institute of Economic Affairs, said: “The Chancellor's measure on National Insurance Contributions introduced last week was ill-thought through. The principle of aligning what the self-employed and employed pay is ... Continue reading