Introduction – Why this book is needed F. A. Hayek (1899–1992) was one of the most important social thinkers of … Continue ...

Do Brits really want economic growth? Britain’s growth problem is well understood in Westminster. But making the case for growth and the reforms needed to deliver it has proven far more challenging.

The IEA is an educational charity and free market think tank. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets ...

New analysis suggests gross costs of net zero could exceed even the highest official predictions of £7.6 trillion Official estimates of the cost of net zero are often driven by “fantasy assumptions” ...

Since 2019, there have been many attempts to put a cost on achieving net zero by 2050, with wildly different results. The Climate Change Committee (CCC) has repeatedly revised down its estimates for ...

Kevin served the IEA with distinction for twenty-three years on the Board of Managing Trustees. He was a dedicated and committed trustee whose scrutiny of our affairs was both fearless and ...

The Whetstone Freedom Fund (WFF) is an international initiative founded by the Institute of Economic Affairs in honour of the late Linda Whetstone, to support classical liberal ideas around the world.

What is the UK Emissions Trading Scheme (UK ETS)? Let’s start with the basics. The UK Emissions Trading Scheme (UK ETS) is designed to encourage a reduction in C02 produced by both large industry and ...

Four tax reforms will take effect in April 2025. Using the PolicyEngine UK tax-benefit microsimulation model, we analysed these reforms, which will increase taxes by an average of £1,112 per household ...

This article was first published on the Institute of Economic Affairs Substack. Official figures recently published by HMRC indicate a huge rise in illicit tobacco sales in the UK since 2021. The ...

Recent long-running and disruptive strike action has revived interest in a trade union movement which has been in long-term decline. Economists have always been in two minds about unions, seeing them ...

The fundamental principles of economics are very simple, but it is an unending task to explain them and their implications in the face of widespread ignorance and hostility to the conclusions they ...