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Commenting on Lord Heseltine’s new growth report, Prof Philip Booth, Editorial Director at the Institute of Economic Affairs, said:
“Close collaboration between government and industrial leaders would be a dismal failure. It is a recipe for corporatism and restricting competition, and consequently growth. Current areas of close cooperation between business and government – the banking and energy sectors – are testament to how damaging this can be.
“We need to deregulate all businesses and lower taxes, not pick winners. Whilst some of Heseltine’s policies are a nod in this direction, a number of wrong conclusions are also drawn from false premises.”
Notes to Editors
To arrange an interview with an IEA spokesperson, please contact Stephanie Lis, Director of Communications: 020 7799 8909, slis@iea.org.uk
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
“Close collaboration between government and industrial leaders would be a dismal failure. It is a recipe for corporatism and restricting competition, and consequently growth. Current areas of close cooperation between business and government – the banking and energy sectors – are testament to how damaging this can be.
“We need to deregulate all businesses and lower taxes, not pick winners. Whilst some of Heseltine’s policies are a nod in this direction, a number of wrong conclusions are also drawn from false premises.”
Notes to Editors
To arrange an interview with an IEA spokesperson, please contact Stephanie Lis, Director of Communications: 020 7799 8909, slis@iea.org.uk
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
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