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The IEA Brexit Prize will be awarded to the best blueprint for the UK after the EU. The first prize is €100,000. Entrants are asked to imagine a referendum has resulted in an “Out” vote and Her Majesty’s Government has triggered Article 50 of the Lisbon Treaty. Against this background, they are invited to compose a Blueprint for Britain outside the EU, covering the process of withdrawal and the post-exit repositioning of the UK. For more information on how to enter, click here.
The UK’s minimum wage began in April 1999, fulfilling a promise of Blair’s new Labour government. Blair was responding to popular demand, since the Conservative government in 1993 had ended the old system of minimum wages. Michael Forsyth, the Employment Minister at the time said: ‘The biggest source of poverty is not low pay; it is having no job. Wages councils destroy employment.’ However, most people, then and now, believe that there is a moral basis for a minimum wage. Certainly, the minimum wage is a popular policy, and the coalition government has not moved close to changing it.
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