Four tax reforms will take effect in April 2025. Using the PolicyEngine UK tax-benefit microsimulation model, we analysed these reforms, which will increase taxes by an average of £1,112 per household ...

Price controls damage markets by preventing the supply of products rising to meet demand. They can cause significant welfare losses, a deterioration in product quality, a reduction in investment and, ...

Responding to a new report by Action on Smoking and Health, Dr Christopher Snowdon, Head of Lifestyle Economics at the free market think tank the Institute of Economic Affairs, said: “This is more ...

Inflation targeting fails to distinguish between demand and supply-side driven inflation, leading to suboptimal policy responses and delayed recovery from financial crises, such as the Covid-19 ...

The IEA is an educational charity and free market think tank. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets ...

The Institute of Economic Affairs (IEA) is hosting a Sixth Form Conference in partnership with Uppingham School on Wednesday 12th March 2025. At the conference, students will have the opportunity to ...

“The Chancellor is right to cut spending rather than raise taxes again, and the cuts she has made are welcome. There is, nevertheless, a sense of unreality about all this. Policy is being determined ...

Is feminism inherently collectivist? Is selfishness a virtue? In the first episode of Breaking Barriers, IEA Communications Officer and Linda Whetstone Scholar discusses Ayn Rand’s philosophy of ...

Firms, especially in the technology sector, sometimes move from Europe to the US, but rarely the other way around. This talk will discuss when and why they do so, using recent empirical findings on ...

This article was first published on the Institute of Economic Affairs Substack. Official figures recently published by HMRC indicate a huge rise in illicit tobacco sales in the UK since 2021. The ...

Is our history under attack? According to commentator and cultural historian, Dr Philip Kiszely, the answer is a resounding yes. In this episode of Parallax Views, IEA Head of Cultural Affairs, Marc ...

What is trickle-down economics and does it even work? Is it possible to stimulate growth by letting the rich get richer? What can Pablo Escobar teach us about trickle-down economics? Trickle-down ...