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Mark Littlewood, Director General at free market think tank the Institute of Economic Affairs, commented on Lord Frost’s speech 

“Businesses and individuals are already struggling under the highest tax burden since Clement Attlee’s socialist government of the 1940s. It is likely that our economic growth will be hampered as a result.

“Lord Frost’s summation of the government’s current economic policy is on the money. Lower taxes and less government interference is the best recipe for economic success, and the Prime Minister should take note of Frost’s recommendations.

“To take advantage of our new Brexit freedoms, we must be bold enough to divert from the failed European social model of heavy regulation and high public spending. 

“It’s time to drive forward a pro-growth, pro-business plan which will unleash Britain’s potential, creating jobs and opportunities across the country. The private sector cannot simply be a cash cow for the public sector.”

Notes to editors

Contact: Emily Carver, Head of Media, 07715 942 731

IEA spokespeople are available for interview and further comment.

Lord Frost’s speech at the Centre for Policy Studies’ Margaret Thatcher conference.