Mark Littlewood quoted in the Daily Express

As a rumoured second lockdown approaches there should be more focus on the sectors of the economy where working from home is not possible, says the IEA Director General Mark Littlewood. Quoted in the Daily Express, Mark said "there's quite a chunk of creative work, or middle class professional work, that can be easily done ... Continue reading
CONTACT: EMILY CARVER, MEDIA MANAGER, 07715942731 LABOUR MARKET DETERIORATION "NOT (YET) AS BAD AS FEARED", SAYS IEA EXPERT Responding to the latest unemployment statistics published by the Office for National Statistics (ONS), IEA Economics Fellow Julian Jessop said:  “It is no surprise that the labour market has weakened given the depth of the Covid-19 recession. ... Continue reading
Commenting on retail sales volumes figures published today by the ONS, Julian Jessop, IEA Economics Fellow, said: “The recovery in retail sales to pre-pandemic levels in July reflects the flexibility of a free-market economy. While some retailers are clearly struggling in the new environment, others have thrived. "Online retailers have played a crucial role in providing consumers ... Continue reading

Professor Len Shackleton writes for 1828

Occupational licencing may be essential to protect the public from unqualified doctors and nurses but "it is unclear why government regulation needs to spread to new groups such as estate agents, private investigators and security guards", says Professor Len Shackleton, IEA Editorial and Research Fellow. Writing for 1828, Len argues occupational regulation creates higher barriers ... Continue reading
The real 'news' is not that we're in a recession, but that the recovery accelerated in June as lockdown began to be lifted, says IEA Economics Fellow Julian Jessop. While he conceded that "there is still a long way to go before these green shoots return the economy to where it was before the pandemic ... Continue reading

Julian Jessop quoted by The Telegraph

Official data revealing the biggest quarterly fall in productivity on record 'was to be expected', given that during a recession firms tend to focus on preserving jobs so they can avoid the cost of firing and then rehiring workers, IEA Economics Fellow Julian Jessop told The Telegraph. Julian added that firms must also find new ... Continue reading
In response to the ONS labour market statistics, IEA Editorial and Research Fellow Professor Len Shackleton said: "We are still in the 'phoney war' spell of the struggle against unemployment. Today’s figures are not as bad as some feared, but they cover the period when the Coronavirus Job Retention Scheme was still in full operation, ... Continue reading

Professor Len Shackleton quoted in the Daily Telegraph

As some call for an extension to the coronavirus job retention scheme, Professor Len Shackleton, IEA Editorial and Research Fellow, said leaving businesses “on life support just delays adjustment to post-Covid reality”. Quoted in the Daily Telegraph, Len added “there may be a case for some further assistance for people losing jobs, but as furlough ... Continue reading
Commenting on changes to the furlough scheme effective tomorrow and calls to extend the scheme, Professor Len Shackleton, IEA Editorial and Research Fellow, said: “The changes coming into force on Saturday are a reflection of the need to get much of the furloughed workforce out of this strange dreamlike existence and back to reality. "Many ... Continue reading

Mark Littlewood writes for The Times

Successive governments "seem to have settled on a position in which the state lives modestly beyond its means in the good times and greatly beyond its means in the bad" and the economic response to the coronavirus pandemic has merely cemented that, says Mark Littlewood, IEA Director General. Writing his fortnightly column for The Times ... Continue reading