It is extraordinary, after nearly a year and a half when thousands of businesses have been forced to close and many more subject to expensive restrictions, that the UK labour market has remained as strong as it has. Unemployment remains low, and while many have left the workforce or are still on furlough, total employment ... Continue reading
At the July video conferencing meeting of the IEA’s Shadow Monetary Policy Committee (SMPC), the vote was seven to two to raise the bank rate. Six members wanted it increased to 0.25% immediately and one to 0.5%. Two members, however, voted to leave it at its current level of 0.1% for the time being. All ... Continue reading

Prof. Len Shackleton writes for CapX

IEA Editorial and Research Fellow, Prof. Len Shackleton, commented on the Labour Party's plans to overhaul the UK labour market which includes a  French-style ‘right to disconnect’ and a ‘real living wage’ of at least £10 an hour for all ages in an op-ed for CapX. Len argued: "Of course, these proposals will appeal to ... Continue reading
Government has taken a pickaxe to our freedoms over the course of this pandemic, tirelessly chipping away at our basic liberties with restrictions ranging from the reasonable to the ridiculous. And in response to this creeping authoritarianism the public’s freedom muscle has atrophied to such a degree that even human rights barristers no longer seem ... Continue reading
Government and Institutions

Annabel Denham writes for The Spectator

Annabel Denham, Director of Communications at the IEA, argued that the pandemic has demonstrated that big state intervention is a recipe for disaster, with the government failing to deliver a series of costly projects highlighted by a recent Public Accounts Committee report. In an op-ed for The Spectator, Annabel said: "Far from vindicating the socialists, ... Continue reading
Tax and Fiscal Policy

Mark Littlewood writes for The Times

In his bi-weekly column for The Times, IEA Director General Mark Littlewood argued that Boris Johnson may know what he wants when he say's 'levelling-up', but he fails to grasp how he can spread wealth and opportunities to Britain's forgotten regions. Instead of outdated costly infrastructure projects and empty rhetoric, Mark suggested the government take ... Continue reading
Lifestyle Economics

Christopher Snowdon quoted in

CBD, also known as cannabidiol, is a chemical found in cannabis which is used for medication. The UK is currently the worlds second largest market for CBD, and industry leaders are urging the UK to embrace CBD and become global leaders in its production. Commenting on the news in, IEA Head of Lifestyle Economics ... Continue reading

Victoria Hewson quoted in The Telegraph

Wine is set to become 13p cheaper, according to industry experts, as the UK  scraps VI-1 forms, a EU regulation which tests the acidity of the wine, something which is not done for beer or spirits. Commenting on the news in The Telegraph, IEA Head of Regulatory Affairs, Victoria Hewson, said: "Getting rid of bureaucracy ... Continue reading
Government and Institutions

Christopher Snowdon writes for City AM

In an opinion column for City AM, IEA Head of Lifestyle Economics, Christopher Snowdon, discussed how policy making in Britain is trapped by 'status-quo bias', which Christopher described as "a form of small-c conservatism in which people have a preference for what they have become accustomed to even when it is clearly suboptimal from their ... Continue reading
Economic Theory
In the past 100 years, there have been attempts to build socialist societies in at least 24 countries around the world. Soviet socialism was different from the socialism in China, Yugoslavian socialism was different from socialism in Cuba, North Korea’s was different from Vietnam’s, and in Albania it was different from the GDR. Without exception, ... Continue reading