In this Institute of Economic Affairs Podcast Interview, IEA Executive Director Tom Clougherty interviews Dan Neidle, founder of Tax Policy Associates and one of the UK's most respected tax experts. The conversation covers the fundamental problems with Britain's tax system, examining public misunderstanding of how tax thresholds work, the challenges of pro-growth tax reform, and why wealth taxes are likely to fail. They also discuss the absurd cliff edges in income tax that discourage people from earning between £100,000-£125,000, creating effective marginal rates of up to 62%.

Dan explains why current tax policy is made through "political theatre" rather than rational design, leading to a system he describes as "pure rabbit" above £200,000 in earnings. The discussion covers the economic incidence of taxation, revealing how taxes legally paid by businesses often fall on workers and consumers. They examine specific reform proposals including full expensing for business investment, radical VAT base broadening, and replacing stamp duty with annual land value taxes. Dan also critiques popular wealth tax proposals, arguing they would apply punitive effective rates of up to 75% on a highly mobile group of around 10,000 wealthy individuals.

The interview concludes with analysis of the government's likely approach to raising taxes in the autumn budget. Dan argues that while politicians prefer targeting "other people" with complex loophole closures, the most honest approach would be putting a percentage point on income tax rates. Throughout the conversation, both speakers emphasize areas where tax experts across the political spectrum agree on rational reforms, even while disagreeing on overall tax levels and the size of the state.

In this Institute of Economic Affairs Podcast, IEA Executive Director Tom Clougherty is joined by Managing Editor Daniel Freeman and Editorial Director Kristian Niemietz for a wide-ranging discussion covering three major policy areas. The conversation examines the spiralling costs and delays of HS2, which now has no fixed opening date despite ballooning to over £100 billion for a truncated route that no longer reaches Manchester or Leeds. They also debate whether classical liberals should abandon the term "liberal" in response to Rod Liddle's argument that the word has been captured by progressive movements, and conclude with an analysis of Donald Trump's proposed tax legislation extending the 2017 reforms.

The discussion reveals how Britain's planning system makes infrastructure projects vastly more expensive than comparable European examples, with the French TGV between Tours and Bordeaux costing under €8 billion for the same distance as HS2's London-Birmingham route. The hosts argue that excessive consultation processes, environmental regulations, and multiple veto players have created a system where Britain struggles to build anything efficiently. On the liberal terminology debate, Niemietz pushes back against claims that "liberal" now means "woke," arguing that in Britain the term retains its classical meaning and that progressives themselves reject the liberal label.

The Trump tax bill analysis highlights the contradiction between extending pro-growth measures from 2017 while introducing distortionary new provisions like exempting tips and overtime from taxation, plus car loan deductions for American vehicles only. Most concerning is the proposed withholding tax on foreign investment, which could undermine America's ability to attract international capital while simultaneously running massive deficits. The hosts suggest this reflects the administration's inconsistent approach to trade deficits and foreign investment, potentially threatening the dollar's reserve currency status that enables such fiscal flexibility.

In this Institute of Economic Affairs podcast, Communications Manager Reem Ibrahim hosts Executive Director Tom Clougherty and Editorial Director Kristian Niemietz for a wide-ranging discussion on Britain's broken systems. The conversation begins with Nigel Farage's proposal for transferable tax allowances between married couples, examining how the UK's individual taxation system creates massive inequities for families. They reveal the shocking reality that households with identical incomes can pay wildly different tax rates depending on how earnings are split, with some families facing effective tax rates of 60% due to the £100,000 personal allowance cliff edge.

The discussion moves to junior doctors threatening fresh strikes over demands for a 29% pay increase, despite already receiving 22% rises in recent years. The hosts examine how the BMA's radical wing has taken control of negotiations and why the union opposes physician associates who could ease NHS pressures. They explore the fundamental problem of government-controlled healthcare where salaries aren't determined by market forces, creating a system prone to strikes as the only form of negotiation. The conversation reveals how public support for these strikes has significantly declined as patients suffer from cancelled appointments and procedures.

The episode concludes with an examination of the booming space economy, now worth hundreds of billions and predicted to reach $1.8 trillion by 2035. Kristian reveals how space exploration has returned to its historical roots as a private sector-driven industry, with companies like SpaceX revolutionising costs and capabilities through competition rather than government "cost-plus" contracts. They discuss how innovations like Starlink are already transforming global internet access and explore future possibilities including asteroid mining and space-based energy that could fundamentally change life on Earth.

In this episode of the IEA Podcast, hosts Tom Clougherty and Matthew Lesh are joined by Andrew Lilico, Executive Director & Principal of Europe Economics, to discuss the recent riots across the UK, monetary policy shifts, and financial market volatility. The conversation begins with an in-depth analysis of the factors behind the riots, exploring whether they reveal deeper issues in British society or if they're simply a result of opportunistic behaviour. The panel debates the role of social media, immigration policies, and the effectiveness of law enforcement in handling such situations.

The discussion then shifts to the recent cut in interest rates by the Bank of England and its potential implications. Andrew Lilico, as co-chair of the IEA Shadow Monetary Policy Committee, offers valuable insights into the timing of this decision and whether it may be too little, too late. The podcast delves into the complexities of monetary policy, exploring the differing approaches of central banks and the potential consequences of their actions on inflation and economic growth.

Finally, the panel examines the recent volatility in financial markets, discussing the factors behind the brief panic and subsequent rebound. They explore the interconnectedness of global economies, the impact of technological advancements like AI, and the challenges of predicting market crashes. The conversation concludes with a critique of fiscal rules and their effectiveness in managing government spending and debt.

We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals.

In this episode of the IEA Podcast, we dive deep into the recent £20 billion "black hole" reported in the UK's public finances. Our expert panel, featuring Professor Len Shackleton, Editorial & Research Fellow, alongside hosts Matthew Lesh and Tom Clougherty, dissects the reality behind these figures and what they mean for the country's economic outlook. The discussion explores how this financial shortfall might impact future government spending and policy decisions.

The conversation then shifts to the contentious issue of junior doctors' pay and the broader implications for public sector wages. Our panel examines the recent pay settlements, their potential consequences for productivity and efficiency in the NHS, and the delicate balance between fair compensation and fiscal responsibility. The role of unions in these negotiations is also scrutinised, with insights into how their influence might shape future labor market dynamics.

Lastly, the podcast delves into the current government's plans for labour market regulation. The panel analyses proposed changes to minimum wage policies, employment rights, and sector-specific bargaining. They discuss the potential impacts of these reforms on businesses, workers, and the overall economy, offering a critical perspective on whether these changes align with the goal of promoting economic growth.

We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals.

The Institute of Economic Affairs is an educational charity, it does not endorse or give support for any political party in the UK or elsewhere. Our mission 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.

In this episode of the IEA Podcast, Dr. Stephen Davies, Senior Education Fellow, Harrison Griffiths, Communications Manager, and host Matthew Lesh, Director of Public Policy & Communications, delve into the complex landscape of political realignment in the UK and US. They explore how traditional left-right divisions are being reshaped by new cultural and economic fault lines, examining recent electoral shifts and their implications for the future of politics.

The discussion covers a wide range of topics, from the transformation of the Republican Party under Trump to the challenges facing classical liberals in this new political environment. The guests offers analysis on the rise of populism, the changing nature of voter coalitions, and the potential long-term consequences of these shifts for economic and social policy.

Dr. Davies provides a historical perspective on political realignments, while the panel debates strategies for promoting liberal ideas in an increasingly polarised landscape. They grapple with difficult questions about the future of free market economics, individual liberty, and the role of government in addressing societal challenges.

We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals.

The Institute of Economic Affairs is an educational charity, it does not endorse or give support for any political party in the UK or elsewhere. Our mission 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.

Join us for the recent Institute of Economic Affairs (IEA) panel discussion "The Future of the Right". Chaired by Reem Ibrahim, Communications Officer, this event brings together The Rt Hon Steve Baker FRSA, Jack Rankin MP, Dr Steve Davies, Paul Reynolds, and Bartek Staniszewski to explore the critical issues facing the political right and following the Conservative's recent landslide defeat.

Our panelists delve into a wide range of topics, including the future of the Conservative Party, the meaning of freedom in modern politics, economic challenges facing the UK, and the evolving definition of right-wing ideology. They discuss the impact of recent election results, the need for a new generation of conservative thinkers, and the balance between free-market principles and state intervention.

The conversation also touches on controversial subjects such as immigration, housing policy, and the sustainability of the welfare state. This thought-provoking discussion offers unique insights into the challenges and opportunities facing conservative politics. Whether you're a political enthusiast, a concerned citizen, or simply curious about the future of the right, this event provides a comprehensive and engaging exploration of the issues that will shape our political landscape for years to come. Don't miss this opportunity to hear from some of the most influential thinkers in conservative politics as they chart a course for the future of the right.

The Institute of Economic Affairs is an educational charity, it does not endorse or give support for any political party in the UK or elsewhere. Our mission 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.

In this episode of the IEA Podcast, host Matthew Lesh is joined by Andy Mayer, Chief Operating Officer, and Harrison Griffiths, Communications Officer, to dissect the recent King's Speech and its implications for the UK's energy, planning and railway sectors. The panel dives deep into the government's ambitious planning reforms, exploring how these changes could potentially boost economic growth while addressing concerns about overregulation and bureaucratic overreach.

The discussion then shifts to the energy sector, examining the establishment of Great British Energy and the controversial ban on new oil and gas exploration. The team critically analyses these policies, questioning their effectiveness in achieving net-zero goals and their impact on energy security. Finally, the podcast tackles the government's plans to renationalise railway franchises, debating the merits and pitfalls of increased state involvement in public transportation. Throughout the episode, our experts offer insightful commentary on how these policies align with classical liberal principles and their potential consequences for the UK's economic future.

Our goal is to bring you a public affairs podcast with a difference. We want to get beyond the headlines and the shallow political commentary you'll get elsewhere and focus instead on the big ideas and foundational principles that classical liberals should care about.

In this episode of the IEA Podcast, Tom Clougherty and Matthew Lesh are joined by Sam Dumitriu, Head of Policy at Britain Remade, to discuss Labour's ambitious plans for housing, infrastructure, and economic growth. The conversation delves into the party's strategy to reform the planning system, restore housing targets, and streamline infrastructure projects. Sam provides insights into the challenges faced by previous governments and explores whether Labour's approach can overcome the long-standing obstacles to development in the UK.

The discussion covers a range of topics, including the impact of NIMBYism, the complexities of the planning process, and the potential for private sector involvement in infrastructure projects. The panel examines the role of judicial reviews in delaying major developments and debates the merits of Labour's proposed National Wealth Fund. This episode offers a comprehensive analysis of the UK's housing and infrastructure challenges, providing listeners with a deeper understanding of the issues at stake and the potential solutions on the horizon.

Our goal is to bring you a public affairs podcast with a difference. We want to get beyond the headlines and the shallow political commentary you'll get elsewhere and focus instead on the big ideas and foundational principles that classical liberals should care about.

The Institute of Economic Affairs is an educational charity, it does not endorse or give support for any political party in the UK or elsewhere. Our mission 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.

In this episode of the IEA Podcast, host Tom Clougherty and co-host Matthew Lesh are joined by Dr. Michael Turner, a pollster, strategist, and fellow at the Adam Smith Institute, to dissect the recent UK General Election results. The conversation delves into Labour's victory, exploring the nuances behind their substantial majority and the implications for their policy agenda. The panel examines the challenges facing Keir Starmer's leadership and the potential obstacles in implementing promised reforms.

The discussion also turns to the Conservative Party's defeat, analysing the factors contributing to their loss and the party's future direction. The rise of Reform UK and its impact on the political landscape is explored, along with the changing dynamics of voter behaviour and party loyalty. This episode offers a comprehensive look at the election's outcomes, the shifting political geography in the UK, and the potential consequences for policy-making in the coming years.

Our goal is to bring you a public affairs podcast with a difference. We want to get beyond the headlines and the shallow political commentary you'll get elsewhere and focus instead on the big ideas and foundational principles that classical liberals should care about.

The Institute of Economic Affairs is an educational charity, it does not endorse or give support for any political party in the UK or elsewhere. Our mission 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 Institute of Economic Affairs hosted a Book Club event featuring author and Lecturer in Imperial History at the University of Exeter, Marc-William Palen, hosted by IEA Managing Editor Dan Freeman, to discuss his book "Pax Economica: Left-Wing Visions of a Free Trade World."

In this fascinating conversation, Palen explores the often-overlooked history of left-wing free traders from the 1840s to the present day, challenging common narratives about the origins of free trade ideology. The discussion covers a wide range of topics, including the role of figures like Richard Cobden, Karl Marx, and Cordell Hull in shaping left-wing free trade thought. Palen examines how free trade was connected to anti-imperialism, peace movements, and workers' rights in leftist ideology.

The conversation also touches on the evolution of socialist attitudes towards free trade and the impact of the Cold War on political alignments around trade policy. This thought-provoking event offers fresh perspectives on the history of economic thought and international relations. Palen and Freeman explore the complexities of how free trade has been viewed across the political spectrum, providing insights relevant to contemporary debates about globalisation, protectionism, and the future of international trade.

The Institute of Economic Affairs is an educational charity, it does not endorse or give support for any political party in the UK or elsewhere. Our mission 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.

In this episode of the IEA Podcast, host Tom Clougherty and Matthew Lesh are joined by Daniel Freeman to discuss three timely and controversial topics. They begin by examining Nigel Farage's recent comments on Ukraine and NATO expansion, exploring the nuances of the situation and how it's perceived differently in the UK versus the US.

The conversation then shifts to the potential implementation of road pricing in the UK, weighing its economic benefits against political challenges. Finally, the panel dives into a discussion on whether neoliberalism leads to populism, inspired by a recent Financial Times article. They examine the rise of populist movements across Europe and consider alternative explanations for this political trend. Throughout the episode, the hosts and guest offer insightful analysis and challenge conventional wisdom, providing listeners with a deeper understanding of these complex issues from a classical liberal perspective.

Our goal is to bring you a public affairs podcast with a difference. We want to get beyond the headlines and the shallow political commentary you'll get elsewhere and focus instead on the big ideas and foundational principles that classical liberals should care about.

The Institute of Economic Affairs is an educational charity, it does not endorse or give support for any political party in the UK or elsewhere. Our mission 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 Institute of Economic Affairs recently hosted a Book Club event reflecting on "The Orange Book" published by the Liberal Democrats 20 years prior in 2004. The event was hosted by Tom Clougherty, Executive Director of the IEA, and featured three of the original authors - Mark Oaten (Former MP & Home Affairs Spokesperson), Baroness Susan Kramer (Former Minister of State for Transport), and Sir Vince Cable (Former Leader of the Liberal Democrats).

The panelists discussed the origins and impact of The Orange Book, which aimed to reclaim economic liberalism within the Liberal Democrat party at the time. They reflected on how ideas changed during the Coalition government years, with insights around industrial policy, privatisations, regulation, public service reform and more. Key topics covered included the struggle to enact radical policies, the role of the market vs. government intervention, and the compatibility of economic and social liberalism.

Looking ahead, the panel debated what a new "Orange Book" focused on reclaiming liberalism might include today - addressing issues like the fiscal challenges, Brexit, environmentalism, and even artificial intelligence. While differences remained between the economic and social liberal perspectives, there was shared emphasis on the need for a more popular, outward-looking brand of liberalism to tackle nationalism and populism.

The Institute of Economic Affairs is an educational charity, it does not endorse or give support for any political party in the UK or elsewhere. Our mission 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.

In this Institute of Economic Affairs event, Education Programs Manager Sam Cruickshank hosts Dr. Yaron Brook, Chairman of the Ayn Rand Institute and co-author of bestselling books including "Free Market Revolution" and "Equal Is Unfair." Dr. Brook delivers a compelling presentation on "The Morality of Capitalism," exploring why capitalism faces persistent moral objections despite its proven economic success. The discussion covers the fundamental conflict between society's condemnation of self-interest and capitalism's reliance on self-interested behaviour, examining how this moral framework undermines support for free markets.

Dr. Brook argues that the root challenge facing capitalism isn't economic but philosophical - people reject capitalism not because it doesn't work, but because they perceive it as immoral. He traces this back to deeply ingrained cultural beliefs that label self-interest as evil and sacrifice as virtuous, leading to the welfare state and regulatory framework that constrains economic freedom. Brook presents Ayn Rand's alternative morality of rational self-interest, arguing that individuals should pursue their own long-term rational values and that true self-interest actually promotes productive, peaceful cooperation rather than exploitation.

The presentation concludes with an extensive Q&A session covering immigration policy, the compatibility of Christianity with capitalism, monopolies in free markets, corporate responsibility in cases like tobacco companies, and equality of opportunity. Dr. Brook addresses concerns about Islamic immigration in Europe, defends the morality of allowing individuals to make their own choices about harmful products, and challenges conventional thinking about equality. Throughout, he maintains that only by embracing a morality that celebrates individual achievement and rational self-interest can capitalism be properly defended and implemented.

The Institute of Economic Affairs hosted a Book Club event featuring Michael F. Cannon, Director of Health Policy Studies at the Cato Institute, to discuss his book "Recovery: A Guide to Reforming the U.S. Health System."

The event was moderated by Tom Clougherty, IEA Executive Director. Cannon provided an in-depth analysis of the U.S. healthcare system, challenging the common perception that it is a free market system. He argued that the U.S. has every form of socialised medicine found in other countries, from employer-sponsored insurance to government programs like Medicare and Medicaid. Cannon advocated for market-based reforms to drive down costs, improve quality, and increase access to healthcare.

Key topics covered included the role of third-party payers in driving up healthcare spending, the innovations emerging in pockets of the market, and the need to empower consumers to control their healthcare dollars. Cannon also reflected on the life and legacy of David Boaz, the late Executive Vice President of the Cato Institute and a titan of the liberty movement.

On this episode of the IEA Podcast, host Matthew Lesh is joined by David Galbraith, a British architect, designer and internet entrepreneur to ask: Is Europe Being Left Behind?

Galbraith argues that Europe's postwar economic model rewarding hard work but providing a massive welfare state is now unaffordable given demographic realities. He sees Europe struggling to adapt to the digital and post-industrial economy, lacking companies on the scale of U.S. tech giants like Google, Amazon and Apple. Cultural factors like greater risk aversion have held Europe back from the kind of technological breakthroughs seen in Silicon Valley.

The conversation ranges from Europe's green energy policies and nuclear power to the latest AI developments like large language models. Galbraith sees AI and compute power as key to solving challenges like climate change. He calls for policies that create an environment for private sector innovation and risk-taking, warning against premature over-regulation that could leave Europe on the sidelines of the AI revolution.

"You Do Not Exist: An Introduction to George Orwell's 1984" is a comprehensive analysis of one of the most influential novels of the 20th century, published by the Institute of Economic Affairs (IEA). This thought-provoking work delves into the life of George Orwell, the historical context that shaped his writing, and the enduring relevance of his masterpiece, 1984. Through a meticulous examination of Orwell's experiences, influences, and the novel's themes, the author, Christopher Snowdon, offers a compelling exploration of the novel's warnings against totalitarianism, the corruption of language, and the erosion of objective truth. Combining biographical details, literary analysis, and contemporary parallels, "You Do Not Exist" serves as an invaluable guide to understanding the depth and resonance of Orwell's dystopian vision, inviting readers to contemplate the timeless lessons and cautionary tales embedded within its pages.

On this episode of the IEA Podcast, host Matthew Lesh is joined by Professor Jonathan Portes of King's College London to discuss the hot button issue of immigration policy in the UK. As political parties announce restrictive immigration plans ahead of elections, the question is asked: Should immigration be capped?

Professor Portes, an expert on labor markets and immigration, provides his analysis on the recent spike in immigration numbers and the factors driving it, including pent-up demand from the pandemic, refugee flows, and the new post-Brexit immigration system. He argues that fixating on numbers misses the point - the system should be designed to bring in workers that benefit the economy long-term.

The wide-ranging discussion covers concerns around immigrant impacts on public services, housing, productivity and social cohesion. Portes pushes back on many of the common anti-immigration arguments, while acknowledging some of the trade-offs involved, especially around housing supply constraints. It's a nuanced dive into one of the most polarising issues in British politics.

The Conservative Party's proposal to reintroduce 12 months of mandatory national service if they win the general election has sparked a heated debate between Matthew Lesh, Director of Public Policy and Communications at the Institute of Economic Affairs, and James Price, a former government advisor.

Lesh argues against the policy, viewing it as an infringement on individual liberty and questioning its effectiveness, while Price, once a classical liberal, makes a case for it as a necessary measure to promote social cohesion, patriotism, and resilience in an increasingly fragmented society. The discussion delves into the role of government in shaping culture, the perceived decline of traditional institutions, the challenges faced by younger generations, and the trade-offs between individual freedom and collective responsibility surrounding the national service debate.

In this week's IEA Podcast episode, host Reem Ibrahim and guest Andy Mayer from the Institute of Economic Affairs discuss the appalling findings of the UK's Infected Blood Inquiry, which revealed over 30,000 people were infected with HIV and hepatitis C from contaminated NHS blood products in the 1970s-80s.

Mayer demonstrates the NHS, clinicians and governments of repeatedly failing patients by covering up risks for decades to avoid compensation, enabled by the NHS's lack of market incentives for transparency and innovation - a catastrophic institutional failure costing thousands of lives. Exploring why the NHS covered up the scandal, Mayer argues introducing market mechanisms to the blood supply could have prevented or resolved it sooner by driving higher quality suppliers, product diversity and safer treatment innovation.

In this new Institute of Economic Affairs "In Conversation" interview, Tom Clougherty sits down with renowned conservative historian and commentator Simon Heffer. Heffer pulls no punches in his scathing critique of contemporary Conservative leadership and the party's civil war over Europe. He explores major challenges Britain faces - an aging population, pressures on the welfare state, and the need for pro-growth economic reforms. Heffer calls for reining in corporatism and state overreach while incentivizing hard work and self-reliance. He advocates transitioning from a welfare state to a "welfare society" rooted in Victorian values of self-help, making this a must-watch discussion on the future of British politics and economics.

On this IEA Podcast episode, host Matthew Lesh engages Tom Clougherty, the Institute of Economic Affairs' Executive Director, in a thought-provoking discussion centered around the government's recent efforts to cut red tape. They dive deep into the 10-point plan announced, which includes measures like issuing new regulations only when "absolutely necessary" and imposing stronger growth duties on regulators. While acknowledging these as positive steps, Clougherty argues that they fail to truly reshape Britain's regulatory landscape fundamentally. The conversation explores the origins of the modern regulatory state, the institutional and cultural forces driving over-regulation, and the structural reforms needed, such as mandatory sunset clauses and a senior government figure spearheading deregulation, to counterbalance these pressures effectively.

In this week's Swift Half with Snowdon, we are joined by Lord Frost, the former Chief Brexit Negotiator and Europe Adviser to Prime Minister Boris Johnson.

Lord Frost provides an explosive insider's view on the chaos of Brexit negotiations under Theresa May, having to reset the failed talks after joining Boris Johnson by taking a hardline no-deal stance, and his principled resignation over pushing lockdowns and vaccine passports despite Omicron's low threat. He also weighs in on nanny state overreach, European courts overstepping, and needed reforms to the House of Lords.

On this episode of the IEA Podcast, host Matthew Lesh and guest Harrison Griffiths of the Institute of Economic Affairs analyze a recent report claiming high immigration levels have burdened Britain's economy, public services and social cohesion rather than boosting growth as promised.

Harrison rebuts arguments that immigrants deter capital investment or drain public finances, instead attributing those trends to flawed government policies. They also discuss balancing public anti-immigration sentiments against labor demands, potential shifts towards only admitting high-skilled immigrants, and how the small boats issue has toxified the immigration debate, though Harrison notes valid cultural integration concerns exist alongside the economic considerations.

In this Institute of Economic Affairs event, Head of Communications Callum Price interviews Robert Jenrick MP, Shadow Secretary of State for Justice and former Minister of State for Immigration and Secretary of State for Housing. The conversation covers the biggest barriers to economic growth in the UK, examining how persistent low growth has been exacerbated by Labour's recent policies and the need for radical conservative solutions. Jenrick discusses his advocacy for fundamentally different energy policy focused on cheap and reliable energy, arguing that net zero by 2050 amounts to "unilateral economic disarmament" that is impoverishing Britain and deindustrialising the country.

The discussion moves to planning reform and the housing crisis, with Jenrick explaining how "you cannot have economic growth if you can't build things" and advocating for massive densification of cities. He reveals shocking statistics about London's housing construction, noting that in the first three months of 2025, 23 out of 33 London boroughs didn't start building a single home. Jenrick also addresses the link between mass migration and the housing crisis, arguing that 80-90% of the housing deficit stems from immigration policies of the last 25 years. The conversation covers his views on judicial reform, the need to restore parliamentary sovereignty, and his criticism of activist judges who campaign against laws passed by Parliament.

The interview concludes with audience questions on topics including conservative party renewal, welfare reform, tax policy, and energy strategy including fracking. Jenrick discusses the need for the Conservative Party to become a "radical party" that can address Britain's economic and societal decline, the importance of reaching young voters through social media, and his vision for supply-side reforms that go beyond simple tax cuts. He emphasises the moral case for conservatism and the urgency of political reform given competition from Reform UK on the right of British politics.

The Institute of Economic Affairs is an educational charity, it does not endorse or give support for any political party in the UK or elsewhere. Our mission 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.

With over half a million more Brits economically inactive compared to pre-pandemic, concerns grow about the UK's economic potential amid labor shortages. Prime Minister Rishi Sunak has announced cracking down on disability benefits, claiming exploitation of the system. This week's IEA podcast asks: Where are the missing workers?

Host Matthew Lesh and guest Prof. Len Shackleton explore the spike in long-term sickness inactivity, especially among younger people. They analyze whether disability benefits are being exploited or if socioeconomic factors like mental health, drug abuse, and NHS backlogs are root causes. The pair also examine potential solutions from overhauling welfare incentives to boosting productivity through upskilling. Shackleton provides historical context on the "deserving" vs "undeserving" poor debate framing this complex policy challenge. Tune in for insights on a critical economic issue.

In this episode of The Swift Half with Snowdon, Christopher Snowdon welcomes Erik W. Matson, Senior Research Fellow at the Mercatus Center at George Mason University, to delve into Matson's latest work "New Paternalism Meets Older Wisdom". Matson's book, a critical examination of the "new paternalism" philosophy within behavioural economics, published by the IEA, challenges the notion that nudging policies based on choice architecture truly serve individuals' best interests.

Drawing from insights of philosophers like David Hume and Adam Smith, Matson argues for respecting individual autonomy and cautions against paternalistic interventions that may undermine authentic human agency. Their conversation touches on various aspects, including time inconsistency in decision-making and the dangers of overriding diverse values based on simplistic assumptions of people's "true" desires.

Join us for an IEA Book Club discussion with Alex Edmans, Professor of Finance at London Business School and acclaimed author, as he delves deep into the themes of his latest book, "May Contain Lies: How Stories, Statistics and Studies Exploit Our Biases - And What We Can Do About It". Hosted by Tom Clougherty, Executive Director, this event promises to unravel the intricacies of bias in education, peer review, and data interpretation, offering invaluable insights.

Alex outlines the value of questioning and curiosity in education, challenging conventional methods of learning and advocating for fostering independent thinking. He presents key examples where data presentation leads to opposing conclusions, including the benefits of wider pay gaps and diversity quotas.

In a thought-provoking exchange, Alex dissects flaws within the peer review process, shedding light on how bias can hinder scientific advancement. From humorous anecdotes to sobering revelations, he navigates through the complexities of data interpretation, urging audiences to embrace intuition while remaining vigilant of data-driven limitations.

Join Matthew Lesh, Public Policy & Communications Director at the IEA, and Dr. Kristian Niemietz, Editorial Director at IEA, in a compelling dialogue as they tackle the contentious query: Did empire make Britain rich?

In this week's episode of the IEA Podcast, Dr. Niemietz draws from his latest book, "Imperial Measurement: A Cost-Benefit Analysis of Western Colonialism," to offer a critical examination of colonialism and slavery's economic impact on Britain's prosperity. From Adam Smith's historical critiques to contemporary discussions fueled by movements like Black Lives Matter, the conversation navigates the economic arguments surrounding colonialism. Dr. Niemietz dissects the traditional narrative of empire's economic benefits, analyzing the costs of empire maintenance, colony profitability, and the enduring effects on colonized nations. Through meticulous analysis and historical context, the podcast illuminates the intricacies of Britain's colonial legacy and its relevance in understanding modern economics.

In our latest In Conversation event, we had the pleasure of hosting Dominic Frisby, a multifaceted finance commentator, comedian, and author. Frisby delved into topics ranging from libertarianism and finance to the impact of Bitcoin and the future of tax, offering insightful perspectives. Joined by IEA's Executive Director, Tom Clougherty, Frisby shared valuable insights drawn from his extensive experience. Explore how decentralised technologies and cryptocurrencies are transforming economic paradigms, and gain insights into the potential effects of digital nomadism on government tax revenue.

Join Adrian Chiles and Christopher Snowdon on The Swift Half with Snowdon as they delve into the complexities of alcohol consumption and societal norms. From Chiles' insights from his documentary "Drinkers Like Me" to discussions on drinking guidelines and labelling, the conversation offers thought-provoking perspectives on moderation and personal choices. With expertise in lifestyle economics and broadcasting experience, Snowdon and Chiles navigate through the layers of drinking culture, challenging perceptions and exploring the intersection of policy, lifestyle, and personal freedom. Tune in for an engaging discussion that goes beyond the surface, shedding light on the nuances of alcohol dependence and social drinking.

Join Harrison Griffiths, IEA Communications Officer, and Bryan Cheang from the Centre for the Study of Governance and Society at King's College London in a deep dive into Singapore's economic transformation since 1965. Bryan provides valuable insights into the blend of pro-market policies and interventionist measures that have propelled Singapore from poverty to prosperity, emphasizing personal responsibility and investment in human capital. Discover the lessons other nations can draw from Singapore's experience and gain practical insights for navigating today's economic landscape with maturity and foresight. Dive into The Realities of Socialism, a multimedia project aimed at educating about socialism's global impact throughout the 20th century.

Join us for this week's podcast as we delve into how Britain can foster a more entrepreneurial environment. Head of Research at The Entrepreneurs Network, Eamonn Ives, and Public Policy & Communications Director Matthew Lesh discuss pressing issues surrounding taxation, innovation, and labor dynamics. From proposing reforms to simplify the tax system to exploring the role of innovation in entrepreneurship, our guests tackle key questions about Britain's economic future. They also examine the regulatory landscape and share insights on supporting startups in sectors like health tech and AI. Tune in to gain valuable perspectives on navigating the complexities of today's economic landscape and subscribe for future episodes.

Explore the Roman Empire's dynamics during the Antonine Plague with Colin Elliott, Associate Professor at Indiana University and author of "Pax Romana." Elliott offers profound insights into the pandemic's impact on the economy, military, and society, challenging conventional views on Roman cities' roles. He navigates complexities, highlighting economic interconnections and societal resilience, providing invaluable perspectives on this pivotal period in history. 

Join Matthew Lesh, Director of Public Policy & Communications at IEA, as he hosts Rainer Zitelmann, Historian & Author, for an insightful exploration of poverty alleviation strategies discussed in Zitelmann's book "How Nations Escape Poverty."

This week's question: how do nations escape poverty?

Through critical analysis, Zitelmann underscores the significance of economic freedom and market-oriented reforms in fostering development, drawing on case studies from Vietnam to Poland to illustrate transformative economic shifts. By examining the role of entrepreneurship and market dynamics, the discussion challenges prevailing notions about the sole efficacy of development aid in poverty reduction, offering a grounded perspective on pragmatic policy measures and empirical evidence. Subscribe for informed insights on advancing free and prosperous societies.

In this Institute of Economic Affairs Podcast, Callum Price hosts a discussion with Daniel Freeman (Managing Editor) and Kristian Niemietz (Editorial Director) examining fiscal responsibility challenges facing both the UK and US governments. The conversation focuses heavily on the UK government's U-turn on winter fuel payment cuts for pensioners - a £1.5 billion Treasury measure that faced significant political backlash and contributed to Labour's poor performance in local elections. The panelists explore why this relatively small spending cut proved politically impossible to sustain, despite the UK's mounting fiscal pressures and expanding state expenditure.

The discussion delves into the broader problems with universal benefits and middle-class welfare, explaining how these programs create fiscal illusions where politicians redistribute money from taxpayers back to themselves while appearing to provide "free" benefits. Kristian Niemietz argues that age-related benefits are particularly difficult to reform because pensioners act as a focused political lobby, unlike the diverse working-age population. The conversation also examines how the economic position of pensioners has dramatically improved over the past 25-30 years, with many now having higher disposable income than working-age people, yet public perception remains outdated.

The episode then shifts to comparing different fiscal approaches, contrasting the UK's high-tax, high-spend model with Trump's "Big Beautiful Bill" in America - a massive deficit-financed package combining tax cuts with increased spending on border security and defence. While the US has historically leveraged its reserve currency status to sustain larger deficits, the panelists warn that even America faces limits, with rising interest costs now exceeding defence spending. They conclude that sustainable fiscal policy requires addressing spending first before considering tax cuts, rather than relying on optimistic growth projections to balance the books.

The Institute of Economic Affairs is an educational charity, it does not endorse or give support for any political party in the UK or elsewhere. Our mission 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.

In Snowdon's latest episode of Swift Half with Simon Clark, Director of Forest, they tackle the challenges of modern journalism and the erosion of personal freedom in public health policies. From frustrations with media interaction to concerns about biased reporting, Clark sheds light on the need for balanced discussions and the recognition of individual autonomy in lifestyle choices. Gain valuable insights into smoking advocacy and the importance of diverse perspectives in shaping policy decisions in this thought-provoking discussion on journalism, smoking, and individual liberty.

This week, the UK government accused China of cyber attacks on the Electoral Commission and critical employees, leading to sanctions against Chinese state actors. This sparks debates on the adequacy of the UK's China strategy. Join host Matthew Lesh and guest Professor Syed Kamall for a discussion on "How should Britain deal with China?" Professor Kamall provides expert analysis on UK-China relations, covering cyber attack responses, Trump-era dynamics, and economic engagement. Gain insights on navigating China's global influence while balancing economic interests and security concerns.

Join Matthew Lesh, Director of Public Policy and Communications at the IEA, and Carlo Cordasco, Lecturer at the Alliance Manchester Business School, as they explore the question: Should AI be more transparent?

They discuss how AI is reshaping decision-making in sectors like healthcare and finance, the EU's landmark AI Act, and the delicate balance between regulation and innovation. Dive into the intersection of AI and public policy to uncover its implications for society's future.

Dive deep into the realm of Canada's prohibition and more with Christopher Snowdon and special guest, Professor Dan Malleck from Brock University.

Together, they unpack the complexities of alcohol, tobacco, and prohibition, challenging prevailing narratives and advocating for evidence-based approaches. Join us for a thought-provoking discussion that questions conventional wisdom and reflects on the intersection of health, choice, and government intervention.

Join Dr. Kristian Niemietz and guest Vincent Geloso, Assistant Professor of Economics at George Mason University, for a deep dive into the relationship between economic freedom, social mobility, and the UK welfare state. Gain insights into absolute and relative mobility, economic growth's impact, and the role of cultural attitudes and policies. Discover why economic freedom is vital for societal progress and how the UK welfare state has influenced social mobility over time. Don't miss this thought-provoking discussion challenging conventional wisdom and offering fresh perspectives. Subscribe now for more!

Join Matthew Lesh, Director of Public Policy at the IEA, and Iain Murray, Vice President for Strategy at the Competitive Enterprise Institute, as they discuss the priority of addressing climate and social justice. Explore government priorities, regulatory competence, and societal implications with insights on climate action, social justice, and government policy. Subscribe for valuable insights into regulatory reforms and connect with us on social media for more.

Join Harrison Griffiths and IEA Executive Director Tom Clougherty as they dissect the recent Spring Budget. From National Insurance cuts to new taxes on vaping, gain insights into what went well, what went wrong, and the underlying structural issues in the UK economy. Explore the economic challenges within the planning system and energy sector, uncovering bureaucratic hurdles and high costs hindering growth and innovation. Delve into the intertwined challenges of fiscal policy and the size of the state, addressing the need for fundamental reforms. Don't miss out on valuable insights into Britain's economic landscape and the path forward.

Swift Half returns with Christopher Snowden! Join him as he welcomes a range of guests for spirited discussions on society and freedom. This week, Charles Amos, author of "The Musing Individualist" and leader of the Defend Freedom, Stop the Tobacco Ban movement, joins the conversation. They explore libertarianism, dissecting its philosophy and addressing the growing threat of paternalism. From philosophical influences to real-world activism, this episode delves deep into the principles of personal freedom and the impact of policies like the tobacco ban. Listen for insightful commentary on government intervention and the importance of individual liberty. Subscribe now for thought-provoking discussions on the state of freedom in our world.

Explore Brexit's trade impact with Julian Jessop, IEA Economist. Discover the overlooked significance of imports and their role in driving consumer choice. Gain insights into post-Brexit trade dynamics, new agreements, and looming challenges. Subscribe for expert analysis on UK trade and global economics from the IEA.

Join Matthew Lesh, Director of Public Policy & Communications at IEA, in conversation with Callum Williams, Senior Economics Writer at The Economist, as they dissect the question: 'Is globalisation over?' Amidst rising concerns over China's influence and shifts in US policies, Williams challenges the narrative of globalisation's demise, highlighting its enduring benefits and the resilience of global markets. Delve into the complexities of global economic policy and the implications of changing attitudes towards globalisation in this thought-provoking discussion.

In this Institute of Economic Affairs Podcast, IEA Executive Director Tom Clougherty interviews Sam Bowman, founding editor of Works in Progress magazine, head of publishing at Stripe, and board member at the Mercatus Centre at George Mason University. The conversation explores Bowman's journey from his early days at the Adam Smith Institute to his current work promoting progress studies - a movement focused on economic, technological and scientific advancement. They discuss the cultural shift against material progress in developed countries, comparing it to the more optimistic, improvement-focused mindsets still prevalent in Central and Eastern Europe, East Asia, and parts of the United States.

The interview delves into Bowman's controversial thesis that Britain should be understood as a developing country rather than a frontier economy, arguing that the UK's growth problems stem primarily from barriers to building housing, infrastructure and energy projects rather than lack of technological innovation. They examine how housing shortages constrain economic growth by preventing people from moving to more productive locations, particularly in knowledge-based industries where proximity and agglomeration effects are crucial. The conversation also covers the decline of economic thinking on the political right, the rise of "keyhole solutions" as an alternative to elite persuasion, and the regulatory constraints that prevent Britain from catching up with more successful countries.

The discussion concludes with Bowman's concerns about Europe's economic stagnation and intellectual complacency, contrasting this with his optimism about technology's potential to solve seemingly intractable problems - from obesity through new medications to the transformative possibilities of artificial intelligence. Throughout, both speakers emphasise that many of Britain's economic challenges could be addressed through relatively straightforward policy changes focused on removing barriers to construction and development, rather than requiring breakthrough innovations or complex new technologies.

The Institute of Economic Affairs is an educational charity, it does not endorse or give support for any political party in the UK or elsewhere. Our mission 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.

How did the world become rich?

Join Daniel Freeman, Deputy Editor at the Institute of Economic Affairs, in a insightful discussion with Mark Koyama, Associate Professor of Economics at George Mason University, as they explore the intriguing insights from Koyama's book, "How the World Became Rich: The History and Origins of Economic Growth."

In this interview, Prof Koyama delves into the historical factors that have fuelled economic growth over the centuries, examining the roles of institutions, culture, geography, demographics, and myths surrounding colonialism's impact on economic growth. Gain valuable insights into the complex dynamics that have shaped the prosperity of nations and discover how these factors continue to influence global economic trends.

Will Gove's housing reforms make a difference?

Join host Matthew Lesh and the IEA's Dr. Kristian Niemietz as they delve into a captivating discussion surrounding the efficacy of Gove's proposed reforms, his stark warnings of antidemocratic trends emerging in society, and the intricate challenges and opportunities presented by the ongoing housing crisis. With a keen focus on housing supply dynamics and policy implications, Dr. Niemietz offers invaluable insights into the roots of the crisis and potential solutions. From brownfield redevelopment to stamp duty cuts, each proposal is scrutinised for its efficacy and impact on renters and homeowners alike.

Subscribe now and gain a deeper understanding of the multifaceted issues surrounding the housing crisis. Explore expert perspectives, policy imperatives, and the path forward in addressing one of society's most pressing challenges.

Join IEA Executive Director Tom Clougherty and Senior Education Fellow Dr. Stephen Davies for an insightful discussion on global catastrophic risks. With over 30 years of educational experience and a deep grasp of political and economic dynamics, Steve offers valuable insights into potential threats to humanity.

In this conversation, Steve delves into his new book, "Apocalypse Next," published by the IEA, which explores global catastrophic risks and their implications. Drawing on extensive research, Steve challenges conventional thinking on risk assessment, the state's role, and technological progress.

From nuclear war to solar flares, Steve highlights various dangers with catastrophic consequences and emphasizes the need for resilience in interconnected global systems.

Throughout, Steve provides insights into how economists can mitigate global risks, advocating for cost-benefit analysis and proactive measures.

Don't miss this engaging conversation on global risks and our future. Subscribe and stay updated on our latest events.