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Philip Booth
24 July 2009
4 comments

It was recently reported that over 50 pubs a week were closing as a result of an increase in beer tax. There seems to be some surprise that private sector economic activity is reducing (ignoring the...
Philip Booth
23 July 2009
2 comments

If you want to get on the front page of the BBC website and all over the news one morning then run an economic forecasting model with all the spurious accuracy and doubtful assumptions about...
Philip Booth
29 June 2009
6 comments

Following on from Richard Wellings’ post on the welfare state and saving, perhaps I can comment on the welfare state and babies. Pay-as-you-go pensions systems rely on children to make...
Philip Booth
17 June 2009
2 comments

No doubt IEA blog readers will have different views on the news that the BBC is likely to have to share its licence fee with ITV news and children’s programme producers (with expressions of...
Philip Booth
1 June 2009
2 comments

In every walk of life there are people who are greedy, selfish and sometimes those who downright cheat. Some MPs stretched their expenses to the limit, some people have cheated on social security...
Philip Booth
21 May 2009
2 comments

A couple of days ago the bogus Consumer Price Index registered a dip to an annual rise of 2.3%. The RPI fell further into negative territory. Perhaps the best measure of inflation, RPIX (the...
Philip Booth
30 April 2009
2 comments

In the Financial Times earlier this week, Peter Mandelson wrote:   Sir, I was surprised by the unreconstructed tone of your editorial (”The umpire should not choose sides“, April 21...
Philip Booth
23 April 2009
10 comments

Phillip Blond is director of the Progressive Conservatism project at Demos and it is suggested that his ideas are getting a lot of exposure within the Conservative Party. His thoughts are certainly...
Philip Booth
1 April 2009
12 comments

There is a strange post on Guido’s blog suggesting that even the IEA is advocating quantitative easing (QE). He says that he reached this conclusion after ringing round the “centre-...
Philip Booth
26 March 2009
4 comments

Earlier in the week, David Cameron signalled that he believed that banking regulation should be returned to the Bank of England. However, there is a danger in thinking piecemeal about this problem....
Philip Booth
24 March 2009
10 comments

I am not altogether clear at the moment what the Conservatives’ policy is at the broader fiscal level. In current circumstances they probably need a few months to sort things out but...
Philip Booth
10 March 2009
4 comments

Quantitative easing has become such a buzzword that it has now become known by its initials – QE. On a number of occasions, I have discussed its merits in the current circumstances and then...
Philip Booth
6 March 2009
4 comments

Surely Gordon Brown needs a new speech writer. Apparently the US Congress voted with their feet, with the empty seats being filled up with staffers but, had they stayed, what would they have...
Philip Booth
2 March 2009
6 comments

It is a curious aspect of the Catholic Church in England and Wales that those who wish there to be the maximum room for personal judgement and discretion on matters of faith and morals are also the...
Philip Booth
20 February 2009
12 comments

This is not the first time this subject has been covered on the IEA blog – but the point needs repeating. We should remove all impediments to employment in a recession and this should include...
Philip Booth
4 February 2009
4 comments

On Monday, George Osborne made an interesting speech. It would have been a good opening statement at a dinner party of economists. There was a lot to chew on but the ideas were ill defined. But they...
Philip Booth
22 January 2009
16 comments

Some people have suggested that the current crisis suggests that ‘free’ markets are dead. Given the high degree of regulatory scrutiny in the financial sector that is not a point of view...
Philip Booth
13 January 2009
26 comments

It was interesting to see David Cameron’s library in the newspapers yesterday. There are some good choices there. Kynaston’s book on the austerity years after the war is excellent, for...
Philip Booth
6 January 2009
8 comments

Alan Walters was a great figure in economics. The obituaries today focus mainly on his contributions to macro-economics and as an advisor to Mrs Thatcher. I would like to make a brief comment about...
Philip Booth
23 December 2008
6 comments

This week we have had two news reports – one an individual case and the other based on thorough research. The individual case shows a woman losing thousands of pounds in benefits as a...