IEA - More intervention won’t bring prosperity
Mark Littlewood, Director General at the Institute of Economic Affairs, commented on the Prime Minister’s speech at the Conservative Party Conference
“Focusing on the centre-ground might seem to be electorally sensible, but is economically undesirable. This was an alarming attack on free markets and the Prime Minster’s pledge for more state intervention in business completely disregards the evidence that competition, deregulation and a light-touch approach breeds the best results.
“Using taxpayers’ money to keep outdated and unsustainable industries on life-support, and advocating vanity projects such as HS2 and Hinkley Point is severely misguided. The cost-benefit analysis of HS2 shows it is poor value for money and will do nothing to deliver economic benefits for the region.
“It has been precisely aims to reduce the deficit and allow business to be free and competitive that has moved the UK towards prosperity and growth. If the Prime Minister wants to pave the way for a more vibrant and dynamic economy that benefits workers and consumers alike, she would do well to embrace enterprise and competition, leaving more state intervention at home.”
Notes to editors:
To arrange an interview please contact :
Stephanie Lis, Director of Communications: firstname.lastname@example.org or 07766 221 268
Nerissa Chesterfield, Communications Officer: email@example.com or 07791 390 268
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
Delay to roadmap could lead to “a further rash of business closures”: IEA expert comments on ONS labour market figures15/06/2021 13:30:00
Professor Len Shackleton, Editorial and Research Fellow at free market think tank the Institute of Economic Affairs, commented on the labour market figures from the Office of National Statistics showing the unemployment rate has fallen to 4.7 per cent
“Chancellor right to reject calls for furlough extension”, says IEA expert15/06/2021 12:30:00
Julian Jessop, Economics Fellow at free market think tank the Institute of Economic Affairs, commented on calls to extend the furlough scheme
Civitas - Study finds over 80% CofE dioceses appoint clergy who advocate racial justice activist claims & over 70% promoting climate activism – marking Church’s ‘separation of the head from the body’10/06/2021 11:35:00
In a new report, researchers have set out to investigate the scale of support for ultra-progressive radical activist agendas alleging ‘systemic racism’ in English society, the understanding and use of ‘unconscious biases’ and prescribing a ‘climate emergency’ doctrine within the Church of England.
‘Special relationship’ can thrive if UK forges new green trade agenda with US at G7 summit – IPPR report10/06/2021 10:35:00
Ahead of the G7 leaders’ summit in Cornwall, the IPPR think tank is urging the UK to spearhead efforts to rewrite the rules of global trade.
IEA - “Social distancing rules must go on 21st June”: IEA expert responds to ONS data on UK pubs and bars sector10/06/2021 09:35:00
Christopher Snowdon, Head of Lifestyle Economics at free market think tank the Institute of Economic Affairs, responded to figures from the Office for National Statistics showing that 55 per cent of pub staff are still furloughed and only 24 per cent of pub owners have “high confidence” that their business will survive the next three months
‘Bitter irony’ that health and care staff are made ill by their work: The King’s Fund response to the Commons Committee report on workforce burnout and resilience08/06/2021 11:35:00
Suzie Bailey, Director of Leadership and Organisational Development at The King’s Fund, responded to the Health and Social Care Committee report on workforce burnout and resilience in the NHS and social care
Adam Smith Inst - Aussies & Brits tell Govts: Get trade deal done08/06/2021 10:35:00
A new poll from the free market think tank the Adam Smith Institute (ASI) and research and strategy firm at C|T Group RSR has found Brits and Australians want to expand trade and secure a comprehensive deal.
G7 Tax Agreement: IPPR says countries can still go further to end ‘race to the bottom’ on tax08/06/2021 09:35:00
IPPR - New developments must prioritise environmental and community needs, say locals on Thurrock climate jury04/06/2021 15:10:00
Local people should have more meaningful ways to shape planning and development decisions to ensure environmental and community needs are met, according to 20 Thurrock residents participating in an innovative climate citizens’ jury.