Economic Theory
Commenting on the Labour manifesto, Director General at the Institute of Economic Affairs Mark Littlewood said: “With today’s tax burden now at a 50-year high, the Labour Party’s plan to hike taxes and borrow hundreds of billions of pounds cannot end well for the taxpayer. “The creation of a financial transactions tax, a windfall tax, and ... Continue reading
Economic Theory
Commenting on the Liberal Democrats' manifesto, Director General at the Institute of Economic Affairs Mark Littlewood said: “Calculations of a "Remain bonus" fail to account for the dynamic changes that could take place in our tax system and regulatory structures, creating the right conditions for an economic boom post-Brexit. “Rather than focusing on maintaining the ... Continue reading
Responding to Matthew Taylor's annual lecture to the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA), IEA Director-General Mark Littlewood, said: "Matthew Taylor’s gripe with free market capitalism is badly misplaced. "Taylor labels co-operatives and mutuals as examples of what he calls 'communitarian capitalism', but ignores that these options exist in the current system. ... Continue reading
IEA Economics Fellow Julian Jessop is quoted in The Daily Telegraph,  responding to Labour's plans to borrow money to nationalise Openreach. Julian argues that "Borrowing is still borrowing, whatever the purpose, and someone would still have to be willing to hold the new bonds." Article appeared in print on 16 November 2019.... Continue reading
Economic Theory
The Labour Party has set out plans “to deliver fast and free full-fibre broadband for all by bringing parts of BT into public ownership and creating a new British Broadband public service”. This is a bad idea. There is no doubt that wider availability of better broadband would be a ‘good thing’. As well as ... Continue reading

Professor Len Shackleton quoted in The Sun

IEA Research Fellow Professor Len Shackleton was quoted in The Sun responding to a report that the Labour Party's spending plans would cost an extra £1.2 trillion. Len argued that "Labour needs to come out of Santa's grotto and get real" on its spending pledges, including "impractical" plans to green the entire housing stock and ... Continue reading

Emily Carver writes for 1828

Whichever Party wins the election, we can expect significant spending hikes. Whilst we know where this fits in Labour's economic vision - to spend more, tax more and increase the role of the state – can we clearly define the Conservative party’s economic agenda? With the general election only weeks away, it's time we heard ... Continue reading

Kate Andrews quoted in the Daily Express

Political parties' pledges during the general election campaign would return government spending to 1970s levels, say the Resolution Foundation. Responding to the news in the Daily Express, Kate Andrews - Associate Director at the Institute of Economic Affairs - warned that the “public cannot afford” the funding required to pay for Labour and the Conservative’s ... Continue reading

Mark Littlewood writes for The Times

Economists need to return to underlying principles, rather than giving the false "impression that they can confidently predict GDP growth over a decade to within a decimal point" says Mark Littlewood, Director-General of the Institute of Economic Affairs. Writing his fortnightly column for The Times, Mark argues that economists - who are often wrong in ... Continue reading

IEA research features in the Washington Times

The Washington Times reports on comments from US political commentator Ana Navarro where she alleges Nicolas Maduro - President of Venezuela and member of the United Socialist Party of Venezuela - is not a socialist. The article references 2018 IEA publication "Socialism: The Failed Idea Which Never Dies" by Head of Political Economy Dr Kristian ... Continue reading