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Philip Booth
17 January 2014
3 comments

Today Ed Miliband made a speech on policy in UK banking. There is much wrong with that market and important reforms should involve ensuring that the providers of capital to banks always...
Philip Booth
6 January 2014
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Next year, the Office of Fair Trading (OFT) and the former Competition Commission (CC) will be unified. The old joke ‘why is there only one monopolies commission?’ will ring true from...
Philip Booth
23 December 2013
1 comment

Pope Francis's Apostolic exhortation Evangelii Gaudium is a manifesto for evangelisation that challenges every reader at every point in the development of the narrative. In nearly all parts of...
Philip Booth
18 December 2013
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  Mutuals and co-operatives have been promoted as the acceptable side of business by both arms of the coalition. Nick Clegg has lauded the Waitrose and John Lewis model. Advisers to David...
Philip Booth
9 December 2013
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Pope Francis had some dismissive things to say about the market economy and globalisation in his apostolic exhortation. Disappointingly, however, there was much use of the rhetorical tactic of...
Philip Booth
29 November 2013
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In a recent conference held at the IEA, there was much discussion of the Great Recession. How can we interpret the recent recession and how can George Osborne’s Autumn Statement help us get out...
Philip Booth
28 November 2013
4 comments

In recent weeks, there has been much fuss created by a group of students – supported it would seem by the Guardian and by people such as Ha-Joon Chang – who are complaining about their...
Philip Booth and Richard Wellings
19 November 2013
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If we look at the performance of high-tax Western countries – which includes, amongst others, every EU country, plus the US – it is grim. These are the countries which, despite their high...
Philip Booth
13 November 2013
5 comments

In a recent poll, there was strong support for the renationalisation of both the railways and the energy industry. In both cases, renationalisation would be a strange step back into the dark ages of...
Philip Booth
12 November 2013
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Fr. Timothy Radcliffe gave the high-profile Romero Lecture last week in which he said many good, sensitive and important things about the poor. Not surprisingly, though, the lecture also made many...
Philip Booth
31 October 2013
2 comments

Barely a day goes by without a government attack on the private sector. Yesterday saw the publication of a report proposing charge capping for pension funds. Management fees levied by pension...
Philip Booth
28 October 2013
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The British energy industry has gone from nationalisation to privatisation and back to government control in the space of 25 years. Although the energy industry is nominally in private hands, we...
Philip Booth
21 October 2013
1 comment

Deputy Prime Minister Nick Clegg has spoken out about the use of non-“Qualified Teachers” in free schools. I am being somewhat careful with my punctuation and capitalisation to make it...
Philip Booth
17 October 2013
3 comments

It is always pleasing to publish an IEA monograph and find that the subject is being talked about for months or years after publication. Very often, of course, the true measure of success is that the...
Philip Booth
11 October 2013
1 comment

I am currently attending a conference on the future of financial regulation being held by the Irish central bank in Dublin. We are hearing from the regulators about the importance of global...
Philip Booth
26 September 2013
3 comments

On Sunday, Pope Francis made unprepared remarks in Sardinia, a part of Italy that has been especially badly hit by the economic crisis. Specifically, he said: ‘We don’t want this...
Philip Booth
18 September 2013
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Economists should be humbled by Friedrich Hayek’s famous plea: “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design...
Philip Booth
2 September 2013
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  Earlier this month, the OECD published some research on all-round education excellence. Specifically, this is the proportion of people who excel in all three of reading, maths and science. The...
Philip Booth
30 August 2013
1 comment

  If Catholic campaigners, charities and politicians were to read the signs of the times in Britain before coming up with their continual stream of commentary on welfare, what would those signs...
Philip Booth
23 August 2013
2 comments

Once again, a major mis-selling scandal has broken out, with 13 high street banks and credit card issuers facing a £1.3bn redress bill for mis-sold card protection policies. No amount of...