Economic Theory
John McDonnell recently said that the Labour Party’s next manifesto had to be “really exciting, full of new ideas”. But some of the ideas we have seen floated recently are very far from new. Renationalising the utilities and repealing Thatcher-Major industrial relations legislation are just turning the clock back, as are demands for sectoral collective ... Continue reading

Professor Len Shackleton quoted in the Daily Express

Professor Len Shackleton, IEA Editorial and Research Fellow, is quoted in the Daily Express in a piece which looks at the current Labour Party and its relationship with trade unions. Len notes that Tony Blair recognised the Thatcher and Major governments had made "sensible changes" to industrial relations legislation but warned that Jeremy Corbyn had ... Continue reading

IEA research quoted in the Mail on Sunday

Peter Hitchens, writing in the Mail on Sunday, quotes IEA research on the misleading gender pay gap statistics. Referencing the work done by Kate Andrews, IEA Associate Director, Peter suggests that the issue of equal pay for equal work has been solved "as far as humanly possible" and that modern feminists often misrepresent such statistics ... Continue reading
Labour Market
It is ironic that the Office for National Statistics published figures showing unemployment at a 45-year low and earnings growth at an 11-year high on the same day that Jeremy Corbyn promised the TUC a huge extension of trade union power and influence. If his promises are carried out, the UK labour market’s excellent performance ... Continue reading

Professor Len Shackleton quoted in The Sun

Restricting people to a four day working week will lead to many people taking on additional roles on top of their main employment, says Professor Len Shackleton After Shadow Chancellor John McDonnell said he would consider the findings of a report which considered how a four day week could be implemented in the UK, Len ... Continue reading

Mark Littlewood quoted in the Daily Telegraph

Workers are being mislead by reports comparing chief executive salaries to average wages says Mark Littlewood, IEA Director-General. Mark is quoted in the Daily Telegraph responding to figures from the High Pay Centre and CIPD, saying workers are being lead "to believe that cuts at the top end will directly translate to top-ups at the ... Continue reading

Mark Littlewood comments on report from the High Pay Centre

Commenting on the High Pay Centre’s analysis of FTSE 100 CEO salaries, Director General at the Institute of Economic Affairs Mark Littlewood said: “Comparing CEO salaries to the average salary serves to stoke public hostility, as a means of pressuring companies to cut salaries at the top. “Not only does this gimmick flirt with the ... Continue reading

Emma Revell writes for the Spectator

It is "faintly ridiculous" to expect the Women's World Cup to have the same prize pot at the men's competition, argues Emma Revell, Communications Manager at the Institute of Economic Affairs. Writing for The Spectator, Emma notes that prize money comes from the revenue raised by the competitions - through ticket sales, sponsorship, and advertising ... Continue reading
Labour Market
It looks as though we will have ethnic pay monitoring before long. It is likely that the requirement will, as with gender pay gap monitoring, fall on all organisations with 250 or more employees. My rough estimate from published government data on workforce ethnicity is that a business employing 250 people which was absolutely typical ... Continue reading
People can get a very misleading picture from statistics which are not properly understood. Take this, from The Telegraph: “Around 357,000 jobs were added to the economy in the 12 months to April but the jobs boom has largely been driven by the 50-64 age group and even the over-65s. Of those jobs, 304,000 were ... Continue reading