Economic Theory
Do you ever wonder why banking, more than any other industry, is so prone to instability? Why, nearly ten years since the global financial crisis, economic performance has been anaemic at best? Why the cornucopia of analysis by intelligent sounding talking heads resembles mumbo jumbo? In Mervyn King’s book The End of Alchemy (2016), he ... Continue reading
Economic Theory
The Equality Trust is the latest organisation to call for the mandatory reporting of the ratio between the pay of the highest and lowest earners in UK companies. At first sight this is a small step that would simply increase transparency in pay practices – who could reasonably object? But in reality this proposal would ... Continue reading
Economic Theory
Matthew Taylor was doing the rounds at the weekend, talking about the Review of Modern Employment Practices which he is conducting on behalf of the government – more evidence that Mrs May wants to rebrand the Conservatives as a sort of Blue Labour. Taylor’s Review Group has been touring Britain talking with people about the ... Continue reading
Regulation
Following on from the publication of our recent IEA childcare discussion paper, I have received a number of interesting communications from those involved in childcare. One was from a Guernsey States Deputy, who tells me that seconded UK civil servants are trying to impose a very similar subsidy regime to that in operation here – ... Continue reading
Economic Theory
Continued from Part 1   The great 20th century economist Joseph Schumpeter noted that it is not our technological capabilities that hold back our innovative powers, but the economic and social conditions of a time. This aversion to “creative destruction” has been present throughout history, with even Queen Elizabeth I rejecting the patenting of a ... Continue reading
Regulation
A couple of weeks ago an all-party Parliamentary Group report warned that many nursery schools may have to close, and called for a financial bailout from our beleaguered government. It was only the latest demand for extra state spending: in the last few months the CBI, the British Chambers of Commerce, the Welsh government, the ... Continue reading
Education

IEA report features in the Mail Online

A new IEA report, ‘Getting the State out of of Pre School and Childcare’,  which finds how government intervention has pushed up the costs of childcare for families has featured in on the Mail Online. The article cites how families who are most in need of help are not gettin git because Government subsidies are ... Continue reading

Nerissa Chesterfield writes for Cap X

Nerissa Chesterfield, Communications Officer at the Institute of Economic Affairs has written for Cap X explaining why less government intervention in the childcare sector will bring down costs for families. In her article Nerissa argues that excessive regulation in the sector has exacerbated costs across the board, with very little evidence to suggest an improved ... Continue reading

IEA report features on BBC News website

A new IEA report, ‘Getting the State out of of Pre School and Childcare’,  which finds how government intervention has pushed up the costs of childcare for families has featured on the BBC News website. The article cites how the right to 15 hours universal free care a week has distorted the market price of ... Continue reading

Ryan Bourne writes for ConservativeHome

Ryan Bourne, co-author of the IEA's latest report on childcare has written for Conservative Home explaining how the Tories are getting intervention in the sector so wrong. In his article Ryan argues that current childcare policy is an unjustified mess - with unmet objectives and conflicting aims. Government policy encourages employment and use of formal ... Continue reading