Reaction to Shadow Chancellor's conference speech

Commenting on John McDonnell's speech to Labour Party Conference, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “Shadow Chancellor John McDonnell’s speech today shows little understanding of how markets work, let alone how they can help to solve economic and social problems. “Reducing the incentive for responsible lenders to supply credit could ... Continue reading
Government and Institutions
Last week, I spoke on Sky News about the cap on public sector pay rises. The Guardian columnist Owen Jones was on the segment with me. When I asked him how he thought the government’s deficit should be reduced, he replied that high earners should be asked to pay more tax. I objected to his ... Continue reading

Mark Littlewood is quoted in the Telegraph

Director General Mark Littlewood has been quoted in the Telegraph on the use taxpayer money to fund facials and Zumba classes on the NHS. In the article Mark says that the plans are ludicrous, given the NHS’ financial pressures. How facials - typically associated with luxury and not medical necessity – can legitimately be supplied at ... Continue reading
Economic Theory
The IEA’s video clip ‘Has ‘real socialism’ ever been tried?’, released three months ago, seems to have struck a chord. So far, it has been watched 37,900 times on Facebook, plus 5,300 times on YouTube, and who knows how many times on Twitter and on our own website. Had this video been released a couple ... Continue reading

Jamie Whyte appears on the BBC World Service

Jamie Whyte, Research Director at the Institute of Economic Affairs has appeared on BBC World Service to discuss who should foot the bill when natural disasters take place. In the interview Jamie argues that what you ideally want is the people bearing the risks pay for the risks and insurance is the right mechanism for ... Continue reading
Government and Institutions

Kate Andrews joins BBC News to review the papers

Kate Andrews, News Editor at the Institute of Economic Affairs, has appeared on BBC News to review the papers. In the programme topics discussed included the possible move for the Bank of England to raise interest rates; the Grenfell tower inquiry; the Royal Navy's budget; France and Germany's request to suspend the EU's passport free ... Continue reading

Jamie Whyte appears on BBC Radio 2's Jeremy Vine show

Jamie Whyte, Research Director at the Institute of Economic Affairs has appeared on BBC Radio 2's Jeremy Vine show to discuss the lift on the public sector pay cap and unlawful strikes. During the interview Jamie argues that the problem with the reasoning of matching public sector pay with inflation is that it doesn't tell ... Continue reading
Tax and Fiscal Policy

Philip Booth writes for CapX

Philip Booth, Senior Academic Fellow at the Institute of Economic Affairs has written for CapX following Archbishop Welby's comments about capitalism. In his article Philip makes the point that economics is the science of not having your cake and eating it. It could be argued that he misidentifies the problems with the UK economy. But, ... Continue reading

Jamie Whyte comments on the Mail Online

Jamie Whyte, Research Director at the Institute of Economic Affairs has been quoted in the Mail Online on the lifting of the public sector pay cap. In the article Jamie says the decision to lift the public sector pay cap is misguided and private sector workers - whose pay has actually been worse on average ... Continue reading
Government and Institutions

Mark Littlewood writes for The Times

Mark Littlewood, Director General at the Institute of Economic Affairs has written for The Times Business on what the UK should look like post-Brexit. In his article Mark argues that if we are interested in the sort of approach to Brexit that can lead to higher incomes and a buoyant environment for business, we could ... Continue reading