IEA - JRF proposals constitute a “costly and unrealistic wish list”
Professor Len Shackleton, Editorial and Research Fellow at free market think tank the Institute of Economic Affairs, responded to the Joseph Rowntree Foundation’s report on poverty
“While this report is right to point out that the Covid-19 pandemic has worsened the financial position of many poorer people, the use of relative rather than absolute poverty measures obscures the true picture of poverty in the UK.
“The focus on getting people back to work is a good one, however the interventionist measures it advocates are unlikely to achieve this.
“The report recommends bringing forward the Employment Bill. This proposed a range of measures to increase employment ‘rights’, which would make employing low-paid workers less attractive to businesses while failing to target the most disadvantaged workers.
“Proposals to increase government training schemes (which rarely achieve very much), a boost to the National Living Wage, and the creation of ‘good quality new jobs’ (without specifying how this can be done), together with an across-the-board increase in benefits, more state-funded childcare and building more low cost housing, constitute a costly and unrealistic wish list in the current climate.
“The priority of the government should be to get us out of the restrictions imposed on the economy by the pandemic as quickly as is safely possible, and then to look at ways in which stifling regulation on housebuilding, occupational licensing and many other matters can be reduced to encourage a market-led rather than state-led recovery.”
Notes to editors
For media enquiries, please contact Emily Carver, Head of Media, on 07715942731 or email@example.com.
IEA spokespeople are available for further comment and interview.
To read IEA Head of Political Economy Dr Kristian Niemietz’s report, ‘Reducing poverty through policies to cut the cost of living’, written for the Joseph Rowntree Foundation, click here.
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. The IEA is a registered educational charity and independent of all political parties.
Latest News from
New Local - Evidence proves the value of community power – now it’s time for political action02/03/2021 12:35:00
Giving people power over their places and services produces huge benefits, new research shows, and should be reflected in new legislation.
Raise some taxes now alongside bold stimulus package for ‘balanced recovery’, says IPPR02/03/2021 11:35:00
Think tank says reforms to four key taxes would lay foundation for a fairer and stronger post-pandemic economy
Axe 20 taxes and go for growth, says new IEA research02/03/2021 10:35:00
A new briefing paper from Institute of Economic Affairs, authored by Sam Collins and Alexander Hammond, suggests a radical simplification of our tax code.
IFG - Devolved nations given £19bn extra funding to tackle coronavirus since March 202002/03/2021 09:35:00
A new Institute for Government report shows that since March 2020 an extra £19 billion has been sent from the UK Treasury to the three devolved nations to tackle Covid.
It is time to scrap stamp duty altogether, says IEA expert25/02/2021 11:35:00
Julian Jessop Economics Fellow at free market think tank the Institute of Economic Affairs, commented on reports that the Chancellor will extend the stamp duty holiday until June
IFS - Nurses more likely to leave NHS hospitals where costs of living have increased quickly25/02/2021 10:35:00
Improving the retention of NHS staff has been a long-term policy challenge, and will be of even greater importance in the aftermath of the Covid-19 pandemic.
In a free society there should be “no right not to be offended”, says IEA expert25/02/2021 09:35:00
Marc Glendening, Head of Cultural Affairs at free market think tank the Institute of Economic Affairs, commented on Merseyside Police’s decision to apologise for claiming “being offensive is an offence” as part of a campaign to encourage people to report hate crime
“Boris Johnson’s sluggish timetable will do unnecessary damage to businesses and livelihoods”, says IEA expert23/02/2021 11:35:00
Christopher Snowdon, Head of Lifestyle Economics at free market think tank the Institute of Economic Affairs, responded to Boris Johnson’s roadmap to lift lockdown measures in England
King's Fund - New report calls on London’s health and care leaders to ignite efforts to tackle health inequalities23/02/2021 10:35:00
Yesterday’s report from The King’s Fund, Integrated care systems in London: Challenges and opportunities ahead, finds that health and care organisations across London have worked together more closely than ever before to improve and join up services in response to the Covid-19 pandemic.