Research, analysis, podcasts and more from the UKʼs original free market think tank, founded in 1955. Click to read Institute of Economic Affairs | Insider, a Substack publication with tens of ...

UK prices are at the IEA median of 10.17p/kWh, slightly above those in France and a bit below those in Germany. The price differential compared to the US is less pronounced, but domestic gas prices in ...

Summary ‘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 ...

The overview highlights the academic consensus on harmful consequences. Most studies (56 out of 65) find that rent controls succeed in lowering rents for controlled units, as intended. However, 14 out ...

“This is scientifically and economically illiterate. Combined with the ban on disposable vapes, it seems the government is intent on keeping people smoking. Not only will the tax close the price gap ...

Many readers will be familiar with the concept of the Bootleggers and Baptists, in which self-interested businesses find common cause with moral busybodies in rigging the market against consumers. The ...

Colonialism and the slave trade were, at best, minor factors in Britain’s prosperity and may have been net lossmakers. An increasingly prominent anti-capitalist narrative claims that empire and ...

Summary The internet has challenged the traditional news publisher business model by increasing competition for audiences and advertising revenue. Publishers have responded by seeking revenue ...

Abstract The purpose of this systematic review and meta-analysis is to determine the effect of lockdowns, also referred to as ‘Covid restrictions’, ‘social distancing measures’ etc., on COVID-19 ...

Britain is moving in a decidedly cashless direction. In the decade between 2012 and 2022, cash payments fell from 54 per cent to 14 per cent according to UK Finance. This isn’t happening because of ...

The UK’s trade patterns with the EU fail to show a Brexit effect, either since the referendum or the end of the transition period. Trade continued to grow between 2016 and the conclusion of the Brexit ...

Many libertarians supported Brexit, believing it would reduce governmental layers and bring power closer to the British people. They saw it as an opportunity to escape the control of Brussels’ ...