Research
Summary Politicians and activists seek to further limit the right to free speech by extending hate speech laws and placing new legal constraints on the speech that can be posted on social media platforms. The Online Safety Bill is now before the UK parliament and several American politicians, including President Biden and former President Trump, ... Continue reading
Research
SUMMARY Platforms are institutions that solve the problems of delivering a good or service, of clearing payments, and of creating trust between buyer and seller. In the past two decades, the physical locations in which transactions take place, such as the city market or shopping centre, have increasingly been replaced by online platforms. The platform ... Continue reading
Research
Summary The UK is incorporating the precautionary principle into domestic law. This should be balanced with an innovation principle. Innovation is vital for economic growth and prosperity. But there are widespread concerns that badly designed and targeted regulation holds back innovation, due in part to excessive restrictions brought about by misapplication of the precautionary principle. ... Continue reading
The index published in Economic Freedom of the World measures the degree to which the policies and institutions of countries are supportive of economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to enter markets and compete, and security of the person and privately owned property. Forty-two data points are used ... Continue reading
Research
There is currently a global debate about the efficacy of vaping in reducing smoking prevalence. While the debate is ongoing, there are imminent events at which vaping will be discussed, including the WHO’s Framework Convention on Tobacco Control, meeting in November (COP9). This paper explores the experience of four countries – France, the UK, New ... Continue reading
Summary Australia and the UK had very similar healthcare systems until the end of the 1940s, when they diverged. The UK created the National Health Service, while Australia opted for more gradual reforms within its existing system. We can see the Australian system as a plausible counterfactual for how healthcare in Britain might have evolved ... Continue reading
At the July video conferencing meeting of the IEA’s Shadow Monetary Policy Committee (SMPC), the vote was seven to two to raise the bank rate. Six members wanted it increased to 0.25% immediately and one to 0.5%. Two members, however, voted to leave it at its current level of 0.1% for the time being. All ... Continue reading
Research

Submission to the government's Taskforce on Innovation, Growth and Regulatory Reform

Submission to the government's Taskforce on Innovation, Growth and Regulatory Reform The prime minister established a Taskforce on Innovation, Growth and Regulatory Reform (‘TIGRR’) in February 2021. Led by MPs Sir Iain Duncan Smith, Theresa Villiers and George Freeman, its remit was to ‘to scope out and propose options for how the UK can take ... Continue reading
Research
Summary The UK government promotes international trade under the banner ‘Exporting is GREAT’. This is laudable, but the economic benefits of free trade come mainly from what countries import, rather than from what they sell overseas. This may seem counter-intuitive. Many still argue that imports are ‘bad’, that import substitution is ‘good’, and that we ... Continue reading