Annabel Denham, IEA Director of Communications, has written an article for The Telegraph on the need for politicians to encourage businesses to prioritise the generation of profit over the pursuit of environmental, social and governance targets.

“As the father of modern economics Adam Smith famously wrote: “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.”

“Smith saw, long ago, that businesses’ single-minded pursuit of profit had the unintended consequence of benefitting society through reducing production costs and the development of new products.”

“Politicians who’ve never had a job outside Westminster, never needed to meet a payroll, never had sleepless nights wondering if their business will survive, are now expecting companies to be social activists”

Read the full article here.