Mark Littlewood writes for The Times

Although the budget is intended to be an annual set piece, thinking in terms of a timeframe of a single year would be "a nonsensical way for the chancellor to navigate the choppy waters he faces", writes IEA Director General Mark Littlewood. In his biweekly column for The Times, Mark argues that the Chancellor must ... Continue reading

Mark Littlewood quoted in The Big Issue

Sir Keir Starmer delivered a key speech earlier this week outlining his plans for Britain if Labour were in power.  The speech called for  the state to play a more active role in the UK economy. Mark Littlewood, Director General of the IEA, swiftly condemned Labour's plans as "disappointing". Littlewood argued: "A strong economic recovery ... Continue reading
Tax and Fiscal Policy

Julian Jessop quoted in City AM

Sir Keir Starmer has called for the establishment of a UK recovery bond to help raise money to invest in public services and communities across Britain. Responding to the Labour's policy announcement in City AM, IEA Economics Fellow Julian Jessop said he struggled to see the point of a recovery bond arguing: "People can already ... Continue reading
Tax and Fiscal Policy
Life under lockdown may be a profoundly, relentlessly monotonous existence but Conservative politicians floating a different tax increase each week is no way to spice things up. No, Minister, headlines about raising Corporation Tax or hiking fuel duty will do little to shatter the chronic sense of timelessness that has characterised the past 11 months. ... Continue reading

Annabel Denham writes for CapX

Calls for the government to implement a wealth tax have grown in recent times with proponents arguing that a tax on the wealthiest will act as a silver bullet to the nations dire economic situation. IEA Director of Communications Annabel Denham penned a piece for CapX saying that: "punitive levies on the rich can be ... Continue reading

Mark Littlewood quoted in City AM

The Institute of Fiscal Studies has urged the Chancellor Rishi Sunak not to increase taxes in the forthcoming Spring Budget. However, IEA Director General Mark Littlewood went further by suggesting the government should give "British businesses assurances that tax hikes are not inevitable in the longer term". Mark Littlewood made the case that the UK ... Continue reading
Tax and Fiscal Policy
We are not having a very good pandemic so far. With over 1,500 deaths per million people, Britain has one of the highest Covid death rates in the world. You can quibble a bit with those figures, but only at the margins. The number of excess deaths – that is, the number of deaths over ... Continue reading
Tax and Fiscal Policy
Responding to today's GDP figures, Julian Jessop, Economics Fellow at free market think tank the Institute of Economic Affairs, said:  "The latest UK GDP numbers were not as bad as some feared, but it would still be dangerous to raise taxes in the March Budget. This would be far too soon after a year when ... Continue reading

Julian Jessop quoted in The Telegraph

On the 3rd March the Chancellor Rishi Sunak will deliver the Spring Budget. With the nations finances in a dire state, many are waiting with bated breath to see whether Rishi Sunak will turn on the spending taps or roll back government spending. Ahead of the Budget, Julian Jessop, Economics Fellow at the IEA, told ... Continue reading
Tax and Fiscal Policy
The Sunday Times has reported that UK officials are mulling two new taxes on digital businesses – an online sales tax and an “excess profits tax” – in order to help fill the hole in the public finances and support the high street. In my view, both are bad ideas. In general, economists quite like ... Continue reading