publications > Research

Author estimates government liabilities at £1,071 billion

In the 27th IEA Current Controversies Paper, Neil Record examines UK public sector unfunded occupational pensions. Five important events have occurred since the IEA published ‘Sir Humphrey’s Legacy’ in September 2006: • The Government has not published total public sector occupational pension liabilities for two years running – breaking a well-established convention. • The Government … Continue reading “Sir Humphrey’s Legacy: An Update. UK Public Sector Unfunded Occupational Pensions. (web publication)”
publications > Research

An estimate of the public spending cuts required to tackle the UK's budget deficit

In the 31st IEA Current Controversies paper, Philip Booth examines the scale of the public spending cuts required to tackle the UK’s budget deficit. Professor Booth argues that a government committed to a free economy should aim to balance the books without increasing the tax take. In this way, government spending’s share of national income … Continue reading “Cutting public spending by £167bn: a modest but necessary aim (web publication)”
publications > Research

A new estimate of Britain's public sector pensions burden

In a paper presented at the IEA’s Second Annual Political Economy Conference, Neil Record sets out his new calculation of Britain’s public sector pensions burden. This research is part of a larger study for which the final results will be published in mid 2006. 2005, Current Controversies 20 The IEA has also recently published a … Continue reading “Sir Humphrey’s Legacy: the true cost of public sector pensions (web publication)”
publications > Research

A look at how cutting non-means-tested benefits and reforming state pensions could save £16bn a year

In Sharing the burden – How the older generation should suffer its share of the cuts the IEA looks at the savings that would be made if non-means-tested benefits to older people were cut and the state pension system were reformed. Older people enjoy a privileged position at present. The non-means-tested benefits they receive have … Continue reading “Sharing the burden – How the older generation should suffer its share of the cuts (web publication)”
publications > Government and Institutions

Distinguished economists discuss the impact of organised labour on the British economy

In this collection of papers from the late 1970s, some of Britain’s leading economists and lawyers discuss the economic impact of the trade union movement and the policies that could be introduced to rein back union power. The monograph provides insights into the thinking behind the government’s efforts to challenge the trade unions during the … Continue reading “Trade Unions: Public Goods or Public ‘Bads’?”
publications > Publications
Summary The World Health Organization (WHO) and Public Health England (PHE) have been widely criticised for their response to the Covid-19 pandemic. Serious questions have been asked regarding their competence. As a result, the US government has withdrawn its funding from WHO and the UK government has announced that Public Health England will be disbanded. … Continue reading “You had one job: The shortcomings of Public Health England and the World Health Organization during the Covid-19 pandemic”
publications > Research

Neil Record calculates the burden of public sector pensions and offers a policy solution.

Whilst private sector pension schemes have been closing down rapidly in the last few years, public sector employees continue to enjoy “gold plated” benefits. In addition, rates of ill health retirement in public sector pension schemes are extremely high. Proposed reforms to public sector schemes will make little difference to the benefits available to new … Continue reading “Sir Humphrey’s Legacy: facing up to the cost of public sector pensions”
publications > Economic Theory

A primer on Public Choice Theory

‘Market failure’ is a term widely used by politicians, journalists and university and A-level economics students and teachers. However, those who use the term often lack any sense of proportion about the ability of government to correct market failures. This arises from the lack of general knowledge – and the lack of coverage in economics … Continue reading “Public Choice – A Primer”
publications > Research

Essential reading for all those interested in quality broadcasting in a competitive market environment

Eighteen years ago Professor Sir Alan Peacock made radical proposals in a report commissioned by the then Government on the future funding of the BBC. Those proposals involved making subscription to the BBC voluntary but providing a fund that would finance public service broadcasting on a competitive basis. The report was widely acclaimed, as its … Continue reading “Public Service Broadcasting Without the BBC?”