New analysis suggests gross costs of net zero could exceed even the highest official predictions of £7.6 trillion Official estimates of the cost of net zero are often driven by “fantasy assumptions” ...

The Board of Trustees of the Institute of Economic Affairs (IEA) is delighted to announce that David Frost will become Director General and Ralph Harris Fellow of the Institute in January 2026. His ...

Kevin served the IEA with distinction for twenty-three years on the Board of Managing Trustees. He was a dedicated and committed trustee whose scrutiny of our affairs was both fearless and ...

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 ...

Each year, the Government publishes international energy price comparisons. The data is sourced from the IEA and covers industrial and domestic gas and electricity prices. The latest data for 2023 was ...

What is ‘foreign aid’? Peacekeeping missions in Mali, arms for Ukraine, and hurricane relief for Caribbean islands – these are three recent examples of UK ‘aid’ that do not qualify as such in terms of ...

The overview highlights the academic consensus on harmful consequences. Most studies (56 out of 65) find that rent controls succeed in lowering rents for controlled units, as intended. However, 14 out ...

Will Hutton, the well-known political commentator and former Principal of Hertford College, Oxford, has gone into print in The Guardian to attack Kemi Badenoch’s recent speech in which she rightly ...

Colonialism and the slave trade were, at best, minor factors in Britain’s prosperity and may have been net lossmakers. An increasingly prominent anti-capitalist narrative claims that empire and ...

Introductory Remarks In recent decades, economics and related policy sciences have taken what might be called a ‘behavioural turn’. Once-dominant theories of rationality and human behaviour have been ...

Many libertarians supported Brexit, believing it would reduce governmental layers and bring power closer to the British people. They saw it as an opportunity to escape the control of Brussels’ ...

Since 2005, four British power plants have been converted from coal to biomass as part of the transition to a low-carbon electricity grid. They now burn the equivalent of 27 million trees in wood ...