Richard Wellings is quoted in the Financial Times

Dr Richard Wellings, Head of Transport at the Institute of Economic Affairs has been quoted in the Financial Times on HS2. In the article Richard argues that the government's cost-benefit analysis of HS2 - which estimates it will provide £2.20 of economic benefit for every £1 spent - highlights a poor return on investment. By ... Continue reading

IEA quoted in The Sunday Times leader

The IEA has been referenced in The Sunday Times leader which looks at our railway system and how it is and perhaps should be run. In the article the IEA is quoted as describing our railway system as a "public-private hybrid" that rail companies are struggling to operate and where customers are paying for the ... Continue reading

Dr Richard Wellings writes for The Telegraph

Dr Richard Wellings, Head of Transport at the Institute of Economic Affairs, has written for The Telegraph today following the news that petrol and diesel cars face a ban by 2040. In his article Richard makes the point that the government's plan makes heroic assumptions about politicians' ability to predict the state of technology in ... Continue reading

Dr Richard Wellings appears on BBC Radio 4's World at One

Dr Richard Wellings, Head of Transport at the Institute of Economic Affairs has appeared on BBC Radio 4's World at One programme to discuss Labour's plans to renationalise the railways. In the interview Richard argues that Network Rail has been far from a success story. They have accrued an enormous debt of around £40 billion, ... Continue reading
Healthcare
The Republican speaker of the House of Representatives, Paul Ryan, described last week’s decision to pull a bill replacing Barack Obama’s signature healthcare legislation as a short-term problem. The bill had had strong support from new President Donald Trump. “Doing big things is hard,” Ryan said. “Moving from an opposition party to a governing party ... Continue reading
Transport

Mark Littlewood appears on the Daily Politics Show

Mark Littlewood, Director General at the Institute of Economic Affairs has appeared on the Daily Politics to discuss the government's HS2 project and whether or not it is worth taxpayers' money. In the interview Mark highlights that the IEA estimates the cost of the HS2 project to the taxpayer will be in the region of ... Continue reading

Dr Richard Wellings is quoted in The Economist

There has long been a joke in political circles that Britain’s Department for Transport never produces any cheerful headlines. Its press office has in the past been caught using royal funerals and terrorist attacks to “bury bad news”. But its problems mostly stem from Britain’s rail network, the oldest in the world, which is increasingly crowded ... Continue reading
Government and Institutions
To many people’s relief, there were not many big ideas in Philip Hammond’s Autumn Statement last month. In so far as there was anything new, it was the widely-trailed extra investment in innovation, infrastructure and housing. The justification for spending money on these things is that it will raise productivity and growth. There is no ... Continue reading

Reaction to the announcements on overhauling England's rail network

Commenting on the Transport Secretary’s announcements on overhauling England’s rail network, Dr Richard Wellings, Head of Transport at the Institute of Economic Affairs, said: “The Transport Secretary’s announcements today go in the right general direction, but are not radical enough. Chris Grayling has correctly analysed why our rail networks are inadequate, and whilst he is ... Continue reading

Dr Richard Wellings comments on the front page of the Daily Mail

Dr Richard Wellings, Head of Transport at the Institute of Economic Affairs has commented on the front page of the Daily Mail today on the proposals from Nice to reduce speed limits. In the article Richard argues that reducing speed limits and imposing new vehicle regulations would impose huge additional costs on drivers and businesses. ... Continue reading