IEA responds to leadership candidate's pledge to review effectiveness of 'sin taxes'

Commenting on Boris Johnson's pledge, if elected Leader of the Conservative Party, to launch a comprehensive review into the effectiveness of ‘sin taxes’, the Institute of Economic Affairs's Head of Lifestyle Economics Christopher Snowdon said: “A lot of tax cuts have been promised during the leadership campaign, not all of them sensible. The priority should be ... Continue reading

A response from IEA Chairman Neil Record

The Official Warning issued to the Institute of Economic Affairs on 5th February 2019 has been withdrawn by the Charity Commission, with immediate effect. The Warning was issued earlier this year for the IEA’s publication and launch of a trade paper, Plan A+. Yesterday the Warning was withdrawn, and the Charity Commission has made an undertaking ... Continue reading
Responding to new figures showing a rise in alcohol-related deaths in Scotland last year, Christopher Snowdon, Head of Lifestyle Economics at the Institute of Economic Affairs, said "When figures showed a small decline in alcohol consumption last week, some rushed to the conclusion that this was due to minimum alcohol pricing. Reducing alcohol consumption is ... Continue reading
Trade, Development, and Immigration

IEA report sets out proposals for agriculture, post-Brexit

The UK’s withdrawal from the European Union and Common Agricultural Policy (CAP) provides an opportunity to develop a more productive and less protectionist industry, says a new report from the Institute of Economic Affairs. Productivity in the UK agricultural industry has stagnated and UK farming productivity now ranks much lower than international competitors. Director of ... Continue reading
Responding to the Chancellor's plea to keep national debt falling every year, Kate Andrews, Associate Director at the Institute of Economic Affairs said: “The Chancellor has dished out a fair and sensible warning to leadership candidates. Slashing tax and spending increases must go hand-in-hand with cuts in other areas and a radical pro-growth agenda - ... Continue reading

Len Shackleton responds to government comments on executive pay

As the government responded to the Business, Energy and Industrial Strategy Committee's report on executive and high pay, Professor Len Shackleton, Editorial and Academic Fellow at the Institute of Economic Affairs said: "The Government has sensibly resisted pressure from the Business, Energy and Industrial Strategy Committee to make further interventions in the determination of executive ... Continue reading

Len Shackleton responds to Resolution Foundation report

Responding to calls from the Resolution Foundation to raise the minimum wage in order to eliminate low pay, Professor Len Shackleton, Editorial Research Fellow at the Institute of Economic Affairs said: "It's not surprising that the number of low-paid workers has fallen, given the substantial increases in minimum wage rates, and in particular the National ... Continue reading

Len Shackleton responds to Public Accounts Committee report

Commenting on a Public Accounts Committee report, which finds that apprenticeship reforms are failing to deliver, the IEA’s Editorial and Research Fellow Prof Len Shackleton said: “The failure of the government’s policy on apprenticeships, like so many other schemes in the past, is no surprise; it was widely predicted. The levy has turned out to ... Continue reading

IEA responds to report from the British Medical Journal about the IEA's work on public health

The BMJ’s report does not seem to have unearthed any new information. The funding information they claim to ‘reveal’ has been in the public domain for years. Their report seems to centrally rely on a document from 1999, which predates our Director General and all IEA senior staff by more than a decade. The report ... Continue reading

Kate Andrews comments on Labour plans

Commenting on the Labour Party’s energy nationalisation proposal, Associate Director at the Institute of Economic Affairs Kate Andrews said: "Nationalising the UK’s energy grid would jeopardise access to basic essentials, stepping back into an era of controlled industrial strategy. "In the 1990s - the decade of liberalisation in the energy market - household electricity bills  ... Continue reading