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 ...

I am delighted to invite you to an upcoming IEA event, ‘In Conversation with Dr Tom Hurst and Sir John Whittingdale OBE MP’. This event will occur on Monday, 28 th April, from 18:00 – 20:30 at the IEA ...

Responding to the announcement of new US tariffs, Kristian Niemietz, Editorial Director at the Institute of Economic Affairs said: “Donald Trump’s new tariff schedule is a complete random mess. It ...

New analysis reveals British households will pay an extra £1,112 on average in tax from April 2025, as the government introduces sweeping tax reforms that will raise nearly £27 billion for the ...

The IEA is partnering with Cambridge Global Connect to offer research internships to international students passionate about economics and public policy. Through this initiative, the IEA is expanding ...

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 ...

Inflation targeting fails to distinguish between demand and supply-side driven inflation, leading to suboptimal policy responses and delayed recovery from financial crises, such as the Covid-19 ...

Responding to a new report by Action on Smoking and Health, Dr Christopher Snowdon, Head of Lifestyle Economics at the free market think tank the Institute of Economic Affairs, said: “This is more ...

I am delighted to invite you to an upcoming IEA event, ‘In Conversation with David Friedman’. This event will occur on Wednesday, 7 th May, from 18:00 – 20:30 at the IEA (2 Lord North Street, ...

“The Chancellor is right to cut spending rather than raise taxes again, and the cuts she has made are welcome. There is, nevertheless, a sense of unreality about all this. Policy is being determined ...

Pricing would lead to more efficient investment and better use of existing capacity In this short classic, Friedrich von Hayek argues that our thinking is governed by language which reflects an ...

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 ...