New state subsidy rules "a recipe for disastrous waste of taxpayer money", warns new report Disclose all state subsidies to tackle waste and corruption, argues new IEA briefing paper The Subsidy Control Bill, which replaces the EU’s state aid rules, could make it harder to identify, scrutinise and contest state subsidies. Under the new regime, it ... Continue reading
Commenting on the GDP data published today by the ONS, Julian Jessop, Economics Fellow at free market think tank the Institute of Economic Affairs, said: "The growth of just 0.1 per cent in the UK economy in October suggests that the recovery was already stalling, even before the scare over the Omicron variant. The latest ... Continue reading

IEA research referenced in The Telegraph

In his article for the Telegraph on capitalism's ability to encourage innovation and prosperity, Marc Sidwell referenced the research paper, 'Left-Turn Ahead', by the IEA Head of Political Economy Kristian Niemietz. This claims that two-thirds of young people would favour a socialist system. Marc uses the report to illustrate the need for pro-capitalist thinkers to ... Continue reading
Commenting on the speech, Dr Kristian Niemietz, Head of Political Economy at free market think tank the Institute of Economic Affairs, said: "Keir Starmer's speech was dominated by signals that he is different from his predecessor – both in what he said, and even more so in what he did not say. "He distanced himself ... Continue reading
Economic Theory

Alexander Hammond writes for CapX

In an article for CapX, IEA Policy Analyst and Director of the Initiative for African Trade and Prosperity, Alexander Hammond, cited new research released by the Fraser Institute, in conjunction with the IEA, which ranks the level of economic freedom for 165 nations. The UK ranks 12th, up one position from last year. Alexander argues ... Continue reading

IEA research referenced in Washington Examiner

Research conducted by IEA Head of Political Economy, Dr Kristian Niemietz, was referenced in an article for the Washington Examiner. Kristian's book 'Socialism: The Failed Idea That Never Dies' was referenced as evidence that every socialist experiment has failed and contributed to appalling human rights atrocities and economic collapse. Read the full article here.... Continue reading

Mark Littlewood writes for The Times

Polling data from new IEA paper 'Left Turn Ahead' has revealed that support for socialism and anti-capitalist sentiment is at a remarkably high level among young people. Writing his biweekly column for The Times, IEA Director General Mark Littlewood argues that the drift away from support for capitalism may well continue until major businesses decide ... Continue reading
Commenting on the 0.8 per cent GDP increase in May, Julian Jessop, Economics Fellow at free market think tank the Institute of Economic Affairs, said: "The 0.8 per cent increase in GDP in May was slightly disappointing and means that the UK economy was still 3.1 per cent smaller than the pre-Covid level seen in ... Continue reading

Annabel Denham writes for The Times

In an article for The Times Red Box, IEA Director of Communications Annabel Denham wrote about the need for Britain to embrace economic liberalism and fight against the growing big government consensus emerging in British politics. Annabel argued: "Classical liberals have long found themselves at odds with the Conservatives across a range of policy areas, ... Continue reading
Economic Theory

Mark Littlewood writes for The Times

Last week's budget marked the full return to "Butskellism" - "the broad cross-party consensus" on the size, function and operation of the public sector, which dominated British politics for decades in the postwar period and kept vast swathes of industry under the ownership and control of government, writes IEA Director General Mark Littlewood. In his ... Continue reading