Summary Spontaneous order is crucial for understanding fundamental human institutions (e.g., language and the law, morals, markets and money) and … Continue reading “Spontaneous Order: Analysis and Implications”

Spontaneous orders – from language to markets – emerge without central coordination and handle complexity better than government planning  Empirical studies show … Continue reading “Government action ‘seldom necessary’ in complex problems, says new IEA paper “

Commenting on the Budget, Callum Price, Director of Communications at the Institute of Economic Affairs said: “The Chancellor has raised … Continue reading “Chancellor raises white flag on economic growth”

Chancellor Rachel Reeves will likely fill the gap with broad-based income tax increases and a ‘dog’s breakfast’ of smaller measures  Root cause … Continue reading “‘Dog’s breakfast’ of tax rises to come to fill £30 billion Budget hole “

Summary The Chancellor is facing a new financial hole of as much as £30 billion, which she will probably seek … Continue reading “2025 Budget Briefing Tax Policy Preview – Options and Possible Impacts”

Summary Fiscal crisis. The Chancellor faces a significant ‘fiscal black hole’ of around £30 billion by 2029-30. She will have … Continue reading “2025 Budget Briefing: The Fiscal Context”

Commenting on this morning’s borrowing figures, Julian Jessop, Economics Fellow at the free market think tank the Institute of Economic … Continue reading “Borrowing overshoot shows current ‘fiscal headroom’ is not enough”

Chancellor Rachel Reeves faces £30 billion ‘fiscal black hole’ by 2029-30, requiring tax rises or spending cuts to meet fiscal rules  … Continue reading “Reeves must slash spending as it balloons to 45% of GDP, says IEA “

Commenting on today’s inflation figures, Julian Jessop, Economics Fellow at the free market think tank the Institute of Economic Affairs, … Continue reading “UK inflation remains stubbornly high”