Responding to Sir Keir Starmer's speech on the economy, Mark Littlewood, Director General at free market think tank the Institute of Economic Affairs, said:  “National crises and emergencies inevitably lead to an extension of state intervention in the economy. “Political elites typically seek to retain their powers and control over the lives of ordinary people ... Continue reading

Richard Koch Breakthrough Prize featured in The Northern Echo

In an article for The Northern Echo, Dehenna Davison MP for Bishop Auckland has called on the public to enter the IEA's 2021 Richard Koch Breakthrough Prize to suggest new pro-market pro-enterprise policies which can help 'left behind regions' in the north of England. The competition has a top prize of £50,000! Dehenna Davison said ... Continue reading
Economic Theory
The Institute of Economic Affairs has posted the first in a two-part series of short economics explainer videos. The films – 33 in total – will cover everything from basic economic theory to important historical case studies; guaranteeing viewers will receive a comprehensive understanding of the fundamentals of economics. These videos will be posted on ... Continue reading

Mark Littlewood writes for The Times

Once the pandemic is over, "the inquest will be an arduous and probably an unpleasant process", writes the IEA's Director General Mark Littlewood. In his biweekly column for The Times, Mark argues that we must avoid falling into the trap of "peddling simple, grand theories to explain successes and failures". Mark concludes that if we ... Continue reading

Emma Revell writes for the Yorkshire Post

"Money alone won’t fill the deep ravines that separate Kingston upon Hull from Kensington, Blackpool from Buckinghamshire" and level-up the country, writes the IEA's Head of Public Affairs Emma Revell in a column for the Yorkshire Post. Instead of relying on "top-down mandates from Whitehall departments",  readers have the opportunity to put forward their ideas ... Continue reading
The IEA is delighted to announce the launch of the fourth Richard Koch Breakthrough Prize, with Dehenna Davison, Member of Parliament for Bishop Auckland, on the judging panel. In economic terms, the UK is two countries. On the one hand we have a prosperous enclave in London and the South East, with a high performing ... Continue reading
Economists have been conspicuously absent from the policy debate over easing the lockdown, says a new briefing paper from Paul Ormerod. Epidemiological models have provided the intellectual underpinning for the policy of lockdown – which has seen millions of Britons relinquish civil liberties and retreat from participation in wider society; But easing the lockdown – and ... Continue reading
Calls to bring key utilities back under state control “ignore important lessons” from the post-war period, argues a new report from the Institute of Economic Affairs published today. Renationalisation: Back to the Future, written by IEA Economics Fellow Julian Jessop and IEA Editorial and Research Fellow Professor Len Shackleton, explores the case for restoring water, ... Continue reading
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