This report from UK think tank the Institute of Economic Affairs examines public understanding of British economic performance and attitudes to pro-growth policies. Most Britons (87%) want the UK to focus more on economic growth, and would back free market reforms to deliver it, including: reducing energy costs (77%), cutting taxes on workers (72%) and...

This report from UK think tank the Institute of Economic Affairs makes one of the twentieth century’s most important works of political philosophy available to a wider audience. F. A. Hayek (1899–1992) was one of the most important social thinkers of the last hundred years. Law, Legislation and Liberty (1973–79) is one of his most...

This report from UK think tank the Institute of Economic Affairs Since the 2008 financial crisis, environmental policy has shifted away from simply managing negative externalities and gradually converged with regular industrial policy. Various ‘green deals’ have been launched around the world with the aim of achieving a combination of economic and environmental development. Economists,...

This report from UK think tank the Institute of Economic Affairs examines Britain's inheritance tax system and asks if reform is enough. Britain has fifth highest tax in the OECD on what parents leave to children, placing it in a small group of high-tax outliers and far above where headline comparisons often suggest.The tax is...

This report from UK think tank the Institute of Economic Affairs marks the 250th anniversary of the publication of Adam Smith’s Wealth of Nations. In the Wealth of Nations, Adam Smith argues that individuals pursuing their own self-interest can promote the public good when channelled through his ‘system of natural liberty.’ Smith’s ‘system of natural...

This report from UK think tank the Institute of Economic Affairs examines the economic and environmental consequences of ending domestic oil and gas production. No credible forecast shows UK oil and gas demand falling to zero by 2050, even under net zero scenarios – oil and gas are essential ingredients in plastics, fertilisers, medicines and...

This report from UK think tank the Institute of Economic Affairs examines the costs and benefits of flexible working. The costs of flexible working requirements have rarely been properly assessed and could extend to undermining growth, increasing unemployment and the rise in post-Covid withdrawal from the workforce. Employers and employees, negotiating in the ‘particular circumstances...

This report from UK think tank the Institute of Economic Affairs examines the cost of Net Zero. Since 2019, there have been many attempts to put a cost on achieving net zero by 2050, with wildly different results, from the CCC to HMT and NESO. If we are to have a serious debate about net...

This report from UK think tank the Institute of Economic Affairs analyses spontaneous order and its implications. Spontaneous order is crucial for understanding fundamental human institutions (e.g. language and the law, morals, markets and money) and for defending individual liberty. But its operation is often overlooked. Empirical studies have confirmed that spontaneous order has been...

This report from UK think tank the Institute of Economic Affairs looks at how low-tax countries offer the world's best welfare. New analysis by the Institute of Economic Affairs busts the myth of Nordic-model high-tax welfare superiority that has dominated political discourse for decades, and delivers a devastating verdict on Britain’s welfare performance as the...