Red Tape Hikes Prices
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IEA research featured in Guido Fawkes
The article said:
“New research from the Institute of Economic Affairs has found that average consumer prices shot up by 80% between 2000 and 2023, driven in large part by highly regulated markets with heavy state intervention in electricity supply, housing planning, and insurance regulation. Meanwhile products in competitive markets for computers, TVs and clothing have seen huge price drops as innovation drives market efficiency and better results for the consumer.”
Read the full article here.
You can also read a copy of Graphic Content: How red tape is fuelling the cost of living crisis here.