IEA Featured Media Posts

FOR IMMEDIATE RELEASE £50,000 IEA BREAKTHROUGH PRIZE AWARDED TO ENTRY CALLING FOR A PEOPLE'S TAX REBATE Timothy Foxley, a 26-year-old strategic communications consultant from Stoke-on-Trent, has been announced as the winner of the £50,000 Breakthrough Prize. The prize – run by the Institute of Economic Affairs and supported by entrepreneur and author Richard Koch – sought to find the ... Continue reading

Commenting on the government borrowing figures for June published by the Office for National Statistics, Julian Jessop, Economics Fellow at free market think tank the Institute of Economic Affairs, said: "Government borrowing is continuing to come in below the OBR’s pessimistic forecasts, helped by stronger economic growth. This relative improvement may only be temporary and ... Continue reading

Commenting on the planned increase in National Insurance, Professor Len Shackleton, Editorial and Research Fellow at free market think tank the Institute of Economic Affairs, said: "Hiking National Insurance will be yet another burden on working age people at a time when jobs are insecure, inflation is rising and wages are squeezed. "Much of the ... Continue reading

Responding to reports that 520,000 people were told to quarantine by the NHS app last week, Julian Jessop, Economics Fellow at free market think tank the Institute of Economic Affairs, said: "The economic hit from the ‘pingdemic’ is unlikely to be large; for example, 500,000 people is less than 2 per cent of the total ... Continue reading

Responding to the latest Office for National Statistics (ONS) figures on the UK labour market, Julian Jessop, Economics Fellow at free market think tank the Institute of Economic Affairs, said: "The latest ONS data on the labour market are encouraging and reinforce the positive messages from business and consumer surveys. In particular, the economy is ... Continue reading

Commenting on the ONS Consumer Price Index figures for June, Julian Jessop, Economics Fellow at free market think tank the Institute of Economic Affairs, said: "The jump in inflation to 2.5 per cent in June is yet another warning to the Bank of England that policy is now too loose. The Monetary Policy Committee has ... Continue reading