As the Office for National Statistics releases trade data for May 2021, research from the Institute of Economic Affairs debunks 10 bad … Continue reading “We needn’t fear trade deficits with the EU, says new paper”

Summary The UK government promotes international trade under the banner ‘Exporting is GREAT’. This is laudable, but the economic benefits … Continue reading “The importance of imports”

Trade wars are dangerous and harmful policies for governments to pursue. They hurt consumers due to higher prices and fewer … Continue reading “Tariff walls and trade wars equal government planning (Part 1)”

That Donald Trump managed to pick the one economist in the world who is opposed to free trade is an … Continue reading “Trumpism is bad enough on its own. ‘Navarroist’ mercantilism makes it even worse”

There is no shortage of concern about the UK’s large balance of payments deficit. Many in the government are trying … Continue reading “Forget fancy schemes – government borrowing is holding back UK exporters”