IEA releases report showing the net cost of obesity to public services is less than £2.5 billion a year

Ageing population is the real ticking time bomb, says report from the IEA A new report from the Institute of Economic Affairs finds that, contrary to popular belief, the net cost of obesity to taxpayers is only 0.3 per cent of government spending – less than half of the most commonly cited estimate and a ... Continue reading

Mark Littlewood comments on Oxfam's inequality report

Commenting on Oxfam's report which claims that eight people own the same wealth as half the world, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “Once again Oxfam have come out with a report that demonises capitalism, conveniently skimming over the fact that free markets have helped over 100 million people rise ... Continue reading
Labour Market

IEA reacts to Corbyn's suggestion to introduce a maximum wage cap

Commenting on Jeremy Corbyn's suggestion that a maximum wage cap should be introduced to tackle inequality in pay, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “The Labour leader's suggestion to introduce a maximum wage cap to tackle inequality is dangerous and, for all intents and purposes, a 100% income tax rate. ... Continue reading

IEA comment on the High Pay Centre's analysis of executive pay

Commenting on the High Pay Centre's analysis of executive pay released today, Kate Andrews, News Editor at the Institute of Economic Affairs, said: “Once again, 'Fat Cat Wednesday' has distracted us - getting us to focus on the topic of high pay when the crucial issue is that of low pay and the cost of ... Continue reading

IEA releases report on the disability benefit system

Employment rates of the disabled are extremely low, with less than half of disabled people in the UK in work. Despite seeing large improvements in our population’s health, the UK is now spending £37 billion annually on disability-related benefits; just after World War II this figure was around £2 billion in today's prices. This is ... Continue reading

IEA releases report on the effectiveness of 'industrial strategy'

A new report released today from the Institute of Economic Affairs debunks several of the Government’s claims around the efficacy of pursuing an industrial strategy. The UK’s economy and population would be better supported by a revival of a horizontal rather than sectoral strategy. That is, one that creates the conditions for growth, enterprise and ... Continue reading

IEA reacts to NICE recommendation to scan those who drink above a certain amount of alcohol

Commenting on NICE's recommendation that those drinking above a certain number of units per week should be sent for scans for cirrhosis, Christopher Snowdon, Head of Lifestyle Economics at the Institute of Economic Affairs, said:  “The health lobby have become victims of their own propaganda. The average liver cirrhosis patient drinks vastly more than 35 ... Continue reading

IEA releases report on the NHS and reforms to improve outcomes

Key findings: New IEA research finds that if UK cancer patients were treated in Germany, rather than on the NHS, more than 13,000 lives would be saved each year. Well over 5,000 more stroke patients would survive. The NHS is an outlier internationally in being over 90% in state hands. In France, Italy and Australia ... Continue reading

IEA reacts to the announcements on overhauling England's rail network

Commenting on the Transport Secretary’s announcements on overhauling England’s rail network, Dr Richard Wellings, Head of Transport at the Institute of Economic Affairs, said: “The Transport Secretary’s announcements today go in the right general direction, but are not radical enough. Chris Grayling has correctly analysed why our rail networks are inadequate, and whilst he is ... Continue reading

IEA reacts to the Autumn Statement 2016

Commenting on the chancellor's Autumn Statement today, Mark Littlewood, Director General at the Institute of Economic Affairs said:  “This was a thin and fiddly statement, so it’s a relief that the Chancellor has found one area of government activity to cut in abolishing the Autumn Statement. Sadly though, he has abandoned any attempt to balance ... Continue reading