Richard Wellings
4 January 2011

In the context of Britain’s fiscal crisis, today's rise in VAT from 17.5% to 20% may be seen by some as a necessary evil. Moreover, indirect taxes such as VAT are often regarded as less...
Daniel J. Mitchell
14 October 2010
1 comment

This video looks at the budget deficit in the US, but its analysis is also relevant to the UK ahead of next week’s Comprehensive Spending Review.    
Fred Hansen
19 July 2010

The present Democratic leadership of the United States avoids owning up to the “progressive” philosophy it adheres to. This may be because the US government’s finances are expected...
Philip Booth
15 April 2010

Now all three major parties have launched their manifestos it’s clear that no one is being honest about the true state of the country’s finances. The Conservative manifesto is scarcely...
Philip Booth
12 April 2010
1 comment

All three major parties are entering the election campaign with similar plans for cutting the deficit. The timing and magnitude of proposed deficit cuts are slightly different but all the plans...
Mark Littlewood
29 March 2010
1 comment

The current flirtation of the main political parties with cuts cannot hope to solve Britain’s financial problems. We need to take dramatic action and make substantial structural changes over...
the IEA
24 March 2010

“Politicians are not talking seriously about the need for dramatic and speedy cuts in public expenditure. A few billion here and a few billion there are nowhere near enough to restore...
Holger Zemanek
23 March 2010

Just recently, the European Commission set out its proposal for a new economic strategy for Europe, a successor to the failed Lisbon Strategy for Growth and Jobs. Again, the European Commission...
Philip Booth
3 March 2010
1 comment

Interview on Bloomberg TV about the pound, the fiscal crisis and the prospect of a hung parliament:    
Philip Booth and Richard Wellings
19 February 2010

Today’s letters by 60 economists to the Financial Times in support of the government’s policy of delaying cuts in public spending echo the arguments used by mainstream economists during...
Richard Wellings
20 January 2010

The news that the UK has dropped out of the top-ten countries in the Index of Economic Freedom should act as a wake-up call to the politicians wishing to form the next government. The country’...
Philip Booth
15 January 2010

It is good news, at least to some extent, that George Osborne has announced that some cuts will be made in government spending as soon as the Conservatives enter office. But, he should be careful....
9 December 2009

Alistair Darling has failed to take the tough decisions to tackle the country’s enormous budget deficit. According to Mark Littlewood, the IEA’s Director General, “A tax on bankers...
Richard Wellings
9 December 2009

Alistair Darling is staring into the abyss. Unless he makes severe cuts to government spending there is a real risk he will plunge the UK into another economic crisis. Without a credible commitment...

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