IEA - Queen’s Speech: Fiscal rhetoric doesn’t match up to track record
IEA reacts to Queen's Speech
Commenting on the Queen’s Speech, Mark Littlewood, Director General at the Institute of Economic Affairs, said:
“The Government’s action doesn’t match up to their rhetoric. While the Queen’s speech promised fiscal responsibility, the Government’s track record to close the budget deficit is woeful. And talk of delivering hugely expensive projects like HS2 somewhat jars with this promise – public spending should be reduced where possible, not spent on vanity projects that make no economic sense.
“There is also cause for concern about certain manifesto promises that were not included. But further state interventions in labour and energy markets, including a price cap, are still in play and would do more harm than good to both businesses and consumers.
“The focus on preparations for Brexit is welcome and at least the Queen’s speech has promised to press ahead with consulting on the much-needed reforms of social care. This is vital to correct intergenerational inequality and mitigate a huge risk to future taxpayers.”
Queen's Speech 2017
Notes to editors:
For media enquiries please contact Nerissa Chesterfield, Communications Officer: firstname.lastname@example.org or 020 7799 8920 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 and seeks to provide analysis in order to improve the public understanding of economics.
The IEA is a registered educational charity and independent of all political parties.
Latest News from
JRF response to Child Poverty Action Group report: The cost of a child in 201722/08/2017 11:35:00
Katie Schmuecker, Head of Policy at the independent Joseph Rowntree Foundation, responded to yesterday’s report The cost of a child in 2017, by the Child Poverty Action Group
IEA - ‘No deal’ with EU on trade post Brexit does not mean disaster for the UK22/08/2017 10:35:00
IEA releases report on trade policy post-Brexit
IPPR - Power to the people? Tackling the gender imbalance in combined authorities and local government22/08/2017 09:35:00
A new generation of young women is ready and willing to participate in politics.
Adam Smith Inst - Government is right to continue Everything But Arms trade policy17/08/2017 13:35:00
With the release of the UK Government's briefing paper on future customs arrangements the Adam Smith Institute welcomes the government's continued support post-Brexit of the EU's current Everything But Arms initiative with Least Developed Countries. But we can go even further.