Blog

Search

Philip Booth
10 April 2013
comments

There is a myth gaining traction that Margaret Thatcher’s deregulation of the City through the Big Bang in 1986 ultimately led to the crash of 2008. This is part of the reductionist...
John Blundell
9 April 2013
comments

There are so many popular myths about Lady Thatcher and the IEA it is hard to know where to start in unbundling them all. So let’s start with Lady T. herself. Her father Alf Roberts was a...
Nick Silver
8 April 2013
5 comments

Last week two new financial regulatory bodies were launched, the Prudential Regulation Authority and the Financial Conduct Authority, to replace the last (failed) one – the Financial Services...
Stephen Davies
2 April 2013
1 comment

Given recent events and the continuing travails of the world economy, widely seen as having their origins in the financial sector and the troubles of the banks in many parts of the world, it is not...
Philip Booth
26 March 2013
1 comment

Countries often impose extreme “temporary” policies in emergencies. In Britain, emergency rent controls, passed in 1917, were not substantially amended until 1988. In the Second...
Steve Davies
7 March 2013
3 comments

The government yesterday announced major plans to clamp down on the practices of payday loan companies like Wonga. Although sensibly deciding against a cap on interest rates, restrictions on...
Christopher Snowdon
1 March 2013
12 comments

An editorial published in the British Medical Journal today calls for ‘a complete ban on alcohol advertising and sponsorship’. The authors cite concerns about underage drinking as...
Stephen Littlechild
21 February 2013
1 comment

The Energy and Climate Change Select Committee poses the following question: Will the government’s proposals to ensure that consumers are on the cheapest tariff have any impact on fuel...
Richard Wellings
6 February 2013
3 comments

The British government is right to be examining ways of shielding taxpayers from the costs of bank failure. However, proposals to ring-fence the retail operations of banks, and indeed to give the...
Philip Booth
1 February 2013
comments

  Banks are embroiled in another “mis-selling” scandal, but we can be sure that customer behaviour won’t be affected. Few people will switch bank as a result. Regulation...
Christopher Snowdon
17 January 2013
6 comments

  A curious little idea was reported by the BBC and the Telegraph this week, when two academics from Bath University called for the UK’s tobacco industry to be ‘regulated like...
Philip Booth
11 January 2013
comments

  A thriving economy needs saving and capital investment. Capital investment is inherently risky because it involves making a judgment about returns from entrepreneurial ventures when our...
Philip Booth
11 December 2012
1 comment

The non-stop tide of new regulation from the government continues. It now appears to be preparing to accept an amendment to the Financial Services Bill, which will allow the Financial Conduct...
Stephen Littlechild
20 November 2012
3 comments

‘The philosopher's stone is a legendary alchemical substance said to be capable of turning base metals into gold.… Efforts to discover the philosopher's stone were known as the...
Philip Booth
9 November 2012
comments

Earlier this week, a group of leading academics called for a revolution in financial regulation. This call came after the publication of a group of papers examining regulation across every field of...
Kristian Niemietz
16 October 2012
comments

  ‘If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it.’ This famous quote by Ronald Reagan was meant to be a summary of governments...
Len Shackleton
20 September 2012
4 comments

  Patrick McLoughlin and Michael Gove are competent and well-thought-of Secretaries of State. As Conservatives, they presumably assert from time to time generalities about the virtues of...
Christopher Snowdon
12 September 2012
comments

They say that laws are like sausages, it is better not to see how they are made. If so, the 2005 Gambling Act was of the supermarket own-brand, ‘sixteen for a pound’ variety. It began...
Philip Booth
5 July 2012
2 comments

The spotlight in the Libor rate-fixing scandal has moved. Questions are being asked about the culpability of the FSA, which may well have ignored repeated warnings about Libor calculations from...
Philip Booth
29 June 2012
2 comments

This week a major scandal came to light with regard to the setting of LIBOR, which is the interest rate at which banks lend to each other. It would appear that this rate, which is a useful index of...