Shows
IEA PodcastIndia & US Trade Deals: Do They REALLY Benefit Britain? | IEA PodcastIn this episode of the Institute of Economic Affairs Podcast, host Reem Ibrahim, Communications Manager and Linda Whetstone Scholar, is joined by Tom Clougherty, Executive Director, and Kristian Niemietz, Editorial Director, to discuss the recent US & India UK trade deals and Northern Ireland's new approach to the National Health Service.The discussion begins with an analysis of the UK-India trade deal, which eliminates 99% of tariffs for the UK and 90% for India. The panel examines the economic benefits of the agreement while expressing disappointment about how some politicians, particularly on the right, focused heavily on National Insurance exemptions...2025-05-0937 min
IEA PodcastEurope Goes Dark & Trump's 100 Days | IEA PodcastIn this episode of the IEA Podcast, host Callum Price (Director of Communications) is joined by Tom Clougherty (Executive Director) and Andy Mayer (Energy Analyst) to discuss Trumps’ first 100 days, London housing crisis and recent energy issues. They examine the blackouts in the Iberian Peninsula, where approximately 60% of Spain's power was coming from solar energy before system failures occurred. Andy Mayer explains how this demonstrates the systemic risks of relying too heavily on renewable energy without proper balancing measures, and critiques the UK government's announcement requiring solar panels on all new builds.The conversation shifts to London's ho...2025-05-0247 min
IEA PodcastJacob Rees-Mogg on Why The UK's Economic System Is Broken | IEA InterviewsIn this Institute of Economic Affairs podcast, IEA Executive Director Tom Clougherty interviews Sir Jacob Rees-Mogg, former Minister of State for Brexit Opportunities and Government Efficiency, and former Business Secretary. The conversation covers the exodus of wealth creators from Britain, examining how tax policies - particularly changes to non-dom status initiated by successive governments - have driven wealthy individuals and businesses overseas. They also discuss the broader issues of high taxation, economic growth, and government inefficiency.Sir Jacob shares his views on government spending and the need for substantial reforms, identifying specific areas like overseas aid, carbon...2025-04-3047 min
IEA PodcastWho Will Pay More Tax? IFS Paul Johnson | IEA InterviewIn this interview, former Institute for Fiscal Studies Director Paul Johnson joins IEA Executive Director Tom Clougherty to discuss the major fiscal policy trends in Britain over Johnson's 14-year tenure. Johnson offers a comprehensive analysis of how the UK tax system has evolved under Conservative governments, highlighting the surprising increase in tax progressivity and the record-high tax burden as a percentage of national income, which has risen from around 33-34% historically to 38% today.The discussion explores challenging fiscal realities facing the UK, including rising public debt, increasing demands on public services, and the impact of recent global...2025-04-1445 min
IEA PodcastTrump vs Markets: The Financial Crisis & His Tariff Retreat | IEA PodcastIn this episode of the IEA podcast, host Callum Price, Director of Communications, is joined by Tom Clougherty, Executive Director, and Dr. Kristian Niemietz, Editorial Director, to discuss recent economic developments. The conversation begins with an analysis of President Trump's tariff policies, including his recent 90-day pause on certain tariff increases beyond the 10% base rate. They then examine Westminster City Council's controversial proposal to seize properties left empty for over six months, and finally discuss the economic implications of the newly approved Universal theme park in Bedford, debating whether it should be required to use exclusively British steel.2025-04-1134 min
IEA PodcastBritain's Economic COLLAPSE: From Global Leader to 27th Place | Lord Moynihan | IEA LiveIn this IEA Live event interview, Executive Director Tom Clougherty sits down with Lord Moynihan of Chelsea to explore the key themes from his two-volume work "Return to Growth." Lord Moynihan presents his analysis of what he calls "the three devils" preventing UK economic growth: excessive government spending, high taxation, and burdensome regulation. Throughout their conversation, they explore how the UK has moved from a position of economic strength to facing stagnant growth, with current GDP per capita growth effectively at zero. Lord Moynihan offers a stark assessment of Britain's economic decline, arguing that the country has...2025-04-101h 19
IEA PodcastTrump's New Tariff Plan Explained, UK Savings & Wealth Inequality | IEA PodcastIn this episode of the IEA podcast, host Callum Price, Director of Communications, is joined by Tom Clougherty, Executive Director, and Dr. Kristian Niemietz, Editorial Director, to discuss recent economic developments. The conversation begins with an analysis of former President Trump's newly announced tariff plan, which imposes varying rates from 10% to 46% on different countries, with the UK subject to the minimum 10% rate. The guests examine the formula behind these tariffs and the potential impact on international trade.The podcast then shifts to domestic UK issues, focusing on potential changes to cash ISAs (Individual Savings Accounts) by Chancellor...2025-04-0434 min
IEA PodcastAnalysis: What the Chancellor SHOULD Have DoneIEA Executive Director Tom Clougherty analyses Chancellor Rachel Reeves's Spring Budget statement of March 26, 2025. With economic forecasts worsening since October, the government's fiscal headroom has disappeared, leading to cuts in welfare and departmental spending alongside another effort to tackle tax avoidance. The budget appears to be an exercise in meeting minimum fiscal targets rather than addressing fundamental economic issues. Clougherty criticises how fiscal events have become focused on gaming OBR forecasts five years out rather than implementing principled long-term policymaking. Growth forecasts have been halved to just 1% for 2025, with lacklustre projections through the forecast window. He notes...2025-03-2606 min
IEA PodcastThe Truth About Britain's Welfare State & Peak Woke? | IEA PodcastIn this episode of the IEA Podcast, Communications Manager Reem Ibrahim is joined by Tom Clougherty, Executive Director, and Dr. Kristian Niemietz, Editorial Director at the Institute for Economic Affairs. The team discusses whether the left has turned against woke ideology, examining how socialist figures are now distancing themselves from identity politics to refocus on class struggle. The conversation shifts to Kemi Badenoch's recent speech rejecting net zero targets, with Tom arguing that while abandoning the 2050 goal is sensible, the issue isn't that net zero is impossible but rather that it's undesirable at the necessary cost. The...2025-03-2134 min
IEA PodcastPeter Schiff: Trump & The Truth About America's Fake Prosperity? | IEA InterviewJoin IEA Executive Director Tom Clougherty as he sits down with renowned economist and investor Peter Schiff for a compelling discussion on economic principles, government policy, and financial markets. Schiff, who predicted the 2008 financial crisis, explains his free-market Austrian School economics perspective and why he believes current monetary policies are creating dangerous economic bubbles that are leading toward a severe dollar and sovereign debt crisis. The conversation explores Schiff's criticisms of cryptocurrency, particularly Bitcoin, arguing that unlike gold, it skips the commodity phase essential for sound money. Schiff also offers pointed critique of US trade deficits, arguing...2025-03-1253 min
IEA PodcastThe Uncomfortable Truth About Welfare, Housing & Unions In Britain Today | IEA PodcastIn this episode of the Institute of Economic Affairs podcast, Callum Price (Director of Communications) is joined by Tom Clougherty (Executive Director) and Dr. Kristian Niemietz (Editorial Director) to discuss recent political developments. The team examines Rachel Reeves' proposed welfare cuts, highlighting the dramatic increase in benefits claims since COVID and questioning whether the system's incentives have deteriorated over time. The conversation shifts to planning reform, analysing whether the government's approach will effectively address the UK's housing shortage. They discuss the merits of moving from a discretionary planning system to zoning, while examining the historical context of...2025-03-0744 min
IEA PodcastReform UK's Energy Policy & New Towns | IEA PodcastIn this episode of the IEA Podcast, host Reem Ibrahim sits down with Tom Clougherty and Kristian Niemietz to dive into the latest policy developments across the UK. The discussion kicks off with an analysis of the government's ambitious new towns initiative, examining whether central planning is the right approach to solving Britain's housing crisis. The conversation then shifts to Reform UK's recently announced energy policies, including their controversial windfall tax on renewable power and ban on battery storage systems. The guests critique these measures from a free market perspective, arguing that they represent an "authoritarian approach"...2025-02-1648 min
IEA PodcastThe Uncomfortable Truth About Why British Government Is Failing | Sam Freedman | IEA Book ClubIn this IEA Book Club event, Sam Freedman, Senior Fellow at the Institute for Government, discusses his new book "Failed State: Why Nothing Works and How to Fix It" with IEA Executive Director Tom Clougherty. Freedman, who previously served as a Senior Policy Adviser to Michael Gove and Executive Director of Teach First, presents a stark analysis of Britain's governance crisis. Freedman argues that decades of increasing centralisation, executive dominance, and media-driven policymaking have created a state that is fundamentally unable to deliver effective governance. Through concrete examples and detailed analysis, he illustrates how the concentration of...2025-02-121h 14
IEA PodcastTrade Wars Return: What Trump's Tariffs Mean for the WorldDonald Trump is threatening 25% tariffs on allies - from Canada to Europe. The Bank of England has halved its growth forecasts. And the government is pushing nuclear power forward. We break down what this all means and why it matters. In this episode of the IEA podcast, Director of Communications Callum Price is joined by Editorial Director Kristian Niemietz and Executive Director Tom Clougherty. Kristian Niemietz explains why Trump's protectionist instincts could damage global trade and make everyone poorer. Then we dive into the UK's productivity crisis with Executive Director Tom Clougherty, exploring why output...2025-02-0744 min
IEA PodcastAnalysing Reeves' Growth Strategy and Brexit's Legacy | IEA PodcastIn this episode, Reem Ibrahim is joined by Tom Clougherty and Dr Kristian Niemietz to analyse Rachel Reeves' recent growth-focused speech and Keir Starmer's commitment to deregulation. The team examines the apparent contradiction between Labour's pro-growth rhetoric and their policies on employment law, environmental regulations, and taxation - drawing interesting parallels with the French economic model. The conversation shifts to reflect on the five-year anniversary of Brexit, evaluating its outcomes against the original promises and aspirations. While Britain has technically "taken back control," the panel discusses how regulatory power has often simply shifted from Brussels bureaucrats to...2025-01-3130 min
IEA PodcastStarmer's Dilemma: Can Labour Save the Economy Without Killing Net Zero? | IEA PodcastIn this IEA podcast, host Callum Price, Director of Communications, joins Executive Director Tom Clougherty and Editorial Director Kristian Niemietz to analyse Labour's potential economic strategy. They examine Rachel Reeves and Keir Starmer's rhetoric around supply-side reforms, critically assessing whether the party's current approach can genuinely drive economic growth. The discussion explores the UK's net zero commitments against the backdrop of changing global environmental policies. With the US potentially shifting away from aggressive green initiatives, the podcast evaluates the economic implications of the UK's current decarbonisation strategy and its potential impact on national competitiveness. The...2025-01-2447 min
IEA PodcastWATCH: 'This Can't Go On' - IEA Director's Urgent Warning for Britain's FutureIn this GB News interview, Institute of Economic Affairs Executive Director Tom Clougherty discusses Britain's economic challenges and the need for new radical ideas to overcome them. Addressing years of high taxes and low growth, he explains how many young Brits in their twenties and thirties have never experienced real economic growth, with incomes remaining stagnant since 2007.Rather than pointing to a single solution, Clougherty argues that Britain needs hundreds of changes across the economy. He discusses the need to reform energy policy, housing, and what he calls a "bureaucratic state" that's suffocating growth.Clougherty...2025-01-2006 min
IEA PodcastHow Britain Learned to Stop Growing | IEA PodcastIn this episode, we explore Ed Davey's proposal for the UK to rejoin the EU customs union. Reem Ibrahim, Tom Clougherty, and Kristian Niemietz demonstrate why this approach would be a backward step even from a Remainer perspective, highlighting how it would give Britain "the worst of all worlds" while restricting its ability to pursue independent trade deals. Their analysis reveals why the customs union was consistently the least beneficial aspect of EU membership for the UK, contrasting with the experience of smaller European nations. Moving to Britain's growth crisis, inspired by Janan Ganesh's thought-provoking FT article "...2025-01-1843 min
IEA PodcastGovernment Spending Out of Control? And the NHS & Schools Crisis Explained | IEA PodcastIn this episode, we dive into the UK's current borrowing challenges and the government's fiscal rules. Tom Clougherty, Executive Director, explains why the situation presents a significant problem for the government as borrowing costs rise and economic growth remains sluggish. The discussion explores how this could force difficult choices between spending cuts and tax increases, with potential implications for the UK's economic future. The conversation then turns to NHS reforms, where Kristian Niemietz, Editorial Director, analyses the government's recent announcements, including plans for new diagnostic centres and upgrades to the NHS app. He traces the evolution of...2025-01-1043 min
IEA PodcastThe Real Reason UK Growth Collapsed After 2008 with Tyler Goodspeed | IEA LiveJoin us for the IEA Ralph Harris Centenary Lecture featuring Tyler Goodspeed, former Acting Chairman of the Council of Economic Advisers, who delivers his analysis of the UK's economic challenges. Goodspeed reveals that the UK is approximately 40% poorer per person than the US, with British workers producing less in a full year than American workers do by August. He explains how the 2008 financial crisis triggered not just a temporary downturn, but a fundamental change in the UK's growth trajectory, largely due to the different regulatory responses in the UK versus the US. The lecture goes on to...2025-01-091h 12
IEA PodcastThe Best and Worst Economic Decisions of 2024 | IEA PodcastIn this episode of the IEA Podcast, host Reem Ibrahim joins Tom Clougherty and Daniel Freeman to reflect on the economic and policy highlights and lowlights of 2024. The discussion kicks off with a critical analysis of the government's October budget and its impact on British businesses, followed by concerns about rising protectionism in America and the concerning trend of outdoor smoking bans and other nanny state interventions. The conversation then shifts to more positive developments, including Argentina's promising economic reforms under President Milei and his bold approach to cutting government spending and regulation. The team also discusses...2025-01-0957 min
IEA PodcastStarmer's Vision, Police Crisis & Immigration Chaos | IEA PodcastIn this week’s episode of the IEA Podcast, Callum Price (Director of Communications), Tom Clougherty (Executive Director) and Kristian Niemietz (Editorial Director) analyse Prime Minister Sir Keir Starmer's recent "Plan for Change" speech. The speech set out Labour's vision for growth and public services. Whilst the speech contained some positive ambitions, such as building 1.5 million homes, it lacked a clear theory of change for how these goals can actually be achieved in practice. We explore how the planning system remains a fundamental barrier to progress across multiple policy areas. The conversation then turns to La...2024-12-0646 min
IEA PodcastThe Realignment of British Politics & Net-Zero | IEA PodcastThe latest IEA Podcast tackles some of the most pressing issues in British politics today. Hosted by Executive Director Tom Clougherty, this episode dives into the zero-emission vehicle mandate and the broader push towards net zero, questioning the feasibility and costs of these ambitious goals. Joining Tom are Dr. Kristian Niemietz and Dr. Stephen Davies, who provide their insights into the policies shaping Britain's environmental future. The discussion then shifts to the ongoing realignment in British politics and what it means for the right and classical liberalism. With a Labour landslide that failed to ignite enthusiasm and...2024-11-2956 min
IEA PodcastNHS & Can Elon Musk Fix Government Spending? | IEA PodcastIn this episode of the IEA podcast, we dive into Wes Streeting's proposed NHS reforms, exploring whether league tables and performance metrics can truly improve healthcare efficiency. Our guests Tom Clougherty and Kristian Niemietz discuss alternative healthcare systems from around the world, from the Netherlands' market-driven approach to Singapore's health savings accounts, examining how these models might inform NHS reform. We then turn to Elon Musk's appointment to head the new Department of Government Efficiency alongside Vivek Ramaswamy. Our panel debates whether private sector efficiency methods can work in government, drawing parallels with Musk's Twitter reforms and...2024-11-1540 min
IEA PodcastThese REBEL Politicians Changed Modern Britain Forever | IEA Book ClubIn this IEA Book Club event, Sir Vernon Bogdanor discusses his new book "Making The Weather: Six Politicians Who Changed Modern Britain" with IEA Executive Director Tom Clougherty. Bogdanor examines how certain politicians have shaped Britain's political landscape, focusing particularly on three figures: Aneurin Bevan, Enoch Powell, and Keith Joseph. The discussion explores how these individuals challenged the prevailing consensus of their times and influenced British politics far beyond their immediate careers. The conversation delves into Bevan's creation of the NHS and its lasting impact, Powell's complex political positions beyond his controversial immigration speech, and Keith Joseph's...2024-11-1357 min
IEA Podcast"This Isn't Going to Lead to Growth" | IEA PodcastIn this wall-to-wall budget special, Tom Clougherty, Daniel Freeman, and Dr. Kristian Niemietz break down Chancellor Rachel Reeves' first budget. They examine the major tax increases, including the significant rise in employer National Insurance contributions, changes to capital gains tax, and new measures affecting private schools. The team analyses how these changes impact Britain's economic competitiveness and discusses whether the budget's pro-growth rhetoric matches its actual contents. The discussion delves into the concerning trajectory of Britain's public finances, with both tax and spending set to be five percentage points of GDP higher than pre-pandemic levels by the...2024-11-0142 min
The Daily TWill Labour's Budget derail the economy?It was Labour’s first Budget in 14 years and they’re back to their old playbook: tax rises and big borrowing, despite promising to deliver economic growth.Gordon and Kamal are joined in Westminster by George Osborne’s former chief of staff Rupert Harrison and Tom Clougherty from the Institute of Economic Affairs to go over Rachel Reeves’ plans and unpack the politics behind the policies.Plus, the Telegraph’s Jeremy Warner explains what higher National Insurance contributions will mean for British business.We want to hear from you! Email us at TheD...2024-10-3031 min
IEA PodcastPublic Sector Gets a Free Pass on NI Tax Hikes, Vaping Ban & NHS Consultation | IEA PodcastJoin Reem Ibrahim, Acting Director of Communications, as she discusses the latest economic and policy developments with IEA's Executive Director Tom Clougherty and Managing Editor Daniel Freeman. The team dives into pre-budget speculation, particularly focusing on the government's plans to add National Insurance contributions to employer pension contributions - and why the public sector might be exempt from these changes. They explore how this could impact wages, benefits, and the broader economic landscape. The conversation then turns to the controversial ban on disposable vapes. The panel examines why this policy could be counterproductive, discussing how it might...2024-10-2635 min
IEA PodcastIncoming Tax Hikes, Thought Crime in Britain & the Next Generation of Liberals | IEA PodcastIn this episode of the IEA Podcast, Tom Clougherty, Harrison Griffiths, and Dr. Kristian Niemietz dive into the upcoming Autumn budget and the potential £40 billion tax increases. They discuss the implications of employer National Insurance contributions and the broader impact on workers, while also touching on capital gains tax and the challenges of taxing different forms of income. The conversation then shifts to a concerning case in Bournemouth, where a man was convicted for silently praying near an abortion clinic, sparking a debate about freedom of thought and expression in the UK. The panel examines the implications o...2024-10-1844 min
IEA PodcastThe Thatcher Legacy & The Future of British Politics with Charles Moore | In ConversationIn this new episode in the 'In Conversation' series, Charles Moore, Baron Moore of Etchingham and Member of the House of Lords, sits down with Tom Clougherty, Executive Director of the Institute of Economic Affairs (IEA), to discuss the current state of British politics and the legacy of Margaret Thatcher. Moore, the acclaimed biographer of Thatcher and former editor of The Spectator and The Telegraph, offers unique insights into the challenges facing modern conservatism and draws intriguing parallels between today's political landscape and the era of Thatcher's rise to power. Throughout the discussion, Moore delves into a...2024-10-141h 05
IEA PodcastWhy Britain is Losing its Best and Brightest, Employment Rights & Hayek's Nobel Prize | IEA PodcastIn this episode of the IEA Podcast, we dive into the Adam Smith Institute's new "millionaire tracker" report, which suggests Britain is losing millionaires at an alarming rate. Maxwell Marlow, director of Research and Education at ASI, discusses the potential economic impact and reasons behind this trend, including productivity stagnation, high tax burdens, and an anti-prosperity culture. The conversation explores the broader implications for job creation, investment, and tax revenue. The podcast then turns to the government's newly announced Employment Rights legislation. The panel, including Dr. Kristian Niemietz and host Tom Clougherty, examines the potential consequences of...2024-10-1141 min
IEA PodcastEconomic Freedom vs. Collectivism: Can Conservatives Save Liberty in Britain?Join the Institute of Economic Affairs for a panel discussion on "The Torch of Liberty: Can the Conservative Party win back the young?" at the 2024 Conservative Party Conference. Hosted by Reem Ibrahim, Acting Director of Communications at the IEA, this engaging session features Lord David Frost, Conservative Member of the House of Lords, Tom Clougherty, IEA Executive Director, and Dr. Christopher Snowdon, IEA Head of Lifestyle Economics. The panel explores the crucial question of whether the Conservative Party can rediscover its love for liberty and appeal to younger voters. Our speakers delve into topics such as economic...2024-10-091h 14
IEA PodcastBoomer vs Zoomer: Exposing Britain's Age DivideDive into the pressing issue of intergenerational inequality with the Institute of Economic Affairs' panel from the 2024 Conservative Party Conference. Hosted by IEA Executive Director Tom Clougherty, this discussion features insights from a diverse group of experts including Jack Ranking MP, Matthew Lesh of Freshwater Strategy, Andrew Griffith MP, and Reem Ibrahim, the IEA's Acting Director of Communications. The panel tackles the challenges facing young people in the UK, from housing affordability and economic opportunities to the brain drain and welfare system concerns. Our speakers explore how conservative principles can address these issues, debating topics such as...2024-10-081h 20
IEA PodcastConservative Optimism, UK's Energy Emergency & Shadowy Conferences | IEA PodcastIn this episode of the IEA Podcast, host Tom Clougherty and guests Daniel Freeman and Dr. Kristian Niemietz cover a range of topics: the closure of Britain's last coal-fired power station, the recent Conservative Party Conference, and the Mont Pelerin Society meeting in New Delhi. These discussions offer insights into energy policy, political strategy, and the future of classical liberal thought. The conversation begins with an analysis of the UK's energy landscape following the shutdown of its final coal power plant. The team explores the implications for Britain's economic competitiveness, the challenges of transitioning to renewable energy...2024-10-0448 min
IEA PodcastFreebies and Scandals: Can Starmer Unite the Party at Conference?In this episode of the IEA Podcast, host Reem Ibrahim is joined by Matthew Lesh and Tom Clougherty to discuss the recent Labour Party Conference, the growing issue of long-term sickness benefits in the UK, and the influential "Foundations: Why Britain has Stagnated" report. The conversation kicks off with insights into the Labour Party's current positioning and challenges as they prepare for a potential return to power, including the party's struggle to articulate a clear vision for governance beyond simply not being the Conservatives. The discussion then shifts to the concerning trend of increasing long-term sickness benefit...2024-09-3046 min
IEA PodcastJames Cleverly MP Reveals His Vision for the UK | In ConversationNote: The Institute of Economic Affairs (IEA) does not endorse or support any political candidate or party. This video is for educational purposes only. In this new In Conversation event, The Rt Hon James Cleverly MP, Conservative Party Home Secretary and leadership candidate, sits down with Tom Clougherty, Executive Director of the Institute of Economic Affairs, to discuss his vision for the future of the Conservative Party and the UK. Cleverly outlines his Thatcherite economic philosophy, emphasising the need for free markets, lower taxes, and reduced regulation to drive economic growth and prosperity. Throughout the...2024-09-271h 10
IEA Podcast"Scrapping" the NHS & the Gender Pay Gap Myth | IEA PodcastIn this episode of the IEA Podcast, we delve into three critical topics shaping the UK's economic and social landscape this week. First, we explore the IEA's new publication "Denationalisation of Healthcare" with author Dr. Kristian Niemietz. The discussion examines the potential benefits of transitioning from the NHS to a social health insurance system, addressing concerns about disruption and emphasising the importance of patient choice and competition among providers. Next, we turn our attention to the Bank of England's recent monetary policy decisions. Our panel, featuring Tom Clougherty and Kristian Niemietz, analyses the implications of keeping interest...2024-09-2152 min
IEA PodcastNHS Crisis: Is Labour's Plan a Band-Aid on a Bullet Wound? | IEA PodcastIn this episode of the IEA Podcast, host Reem Ibrahim is joined by Tom Clougherty, Executive Director, and Kristian Niemietz, Editorial Director, to discuss pressing issues in UK policy. The conversation kicks off with an analysis of the Darzi report, which exposes deep-rooted problems within the NHS and the government's response to these challenges. The guests explore the limitations of the report and the need for more radical reforms to truly address the health service's issues. The discussion then shifts to the Labour government's controversial proposal to ban junk food advertising before 9:00 PM. Our experts examine the...2024-09-1344 min
IEA PodcastThe Oasis & Kamala Harris 'Vibes-Based' Politics, Trade Unions & the Housing Crisis | IEA PodcastIn this episode of the IEA Podcast, join host Reem Ibrahim as she engages in a thought-provoking discussion with Kristian Niemietz and Tom Clougherty on pressing issues shaping contemporary political discourse. The trio delves into the concept of 'vibes-based' politics, exploring how superficial appeal often overshadows substantive policy discussions, particularly in areas like price controls and ticketing regulations. The conversation then shifts to the complex world of trade unions, examining their historical role, current challenges, and potential future directions. Drawing from a newly published book by Len Shackleton, the panel offers fresh perspectives on union dynamics in...2024-09-0652 min
IEA PodcastSmoking Ban in Beer Gardens: The Death of Personal Freedom? | IEA PodcastIn this episode of the IEA Podcast, host Reem Ibrahim is joined by Kristian Niemietz and Tom Clougherty to dissect recent political developments through a classical liberal lens. The panel critically examines Labour's controversial plan to ban smoking in outdoor areas, including pub beer gardens, questioning the justification and potential consequences of such nanny state interventions. They also delve into the implications of the Next equal pay dispute, highlighting the disconnect between economic reasoning and legal judgments in employment tribunals. The conversation takes a broader turn as the guests explore the shifting landscape of political ideologies. They...2024-08-3037 min
IEA PodcastRiots, Rates, and Market Fears: Are UK Riots a Wake-Up Call? | IEA PodcastIn this episode of the IEA Podcast, hosts Tom Clougherty and Matthew Lesh are joined by Andrew Lilico, Executive Director & Principal of Europe Economics, to discuss the recent riots across the UK, monetary policy shifts, and financial market volatility. The conversation begins with an in-depth analysis of the factors behind the riots, exploring whether they reveal deeper issues in British society or if they're simply a result of opportunistic behaviour. The panel debates the role of social media, immigration policies, and the effectiveness of law enforcement in handling such situations. The discussion then shifts to the recent...2024-08-0936 min
IEA Podcast£20 Billion Black Hole, Junior Doctor's Pay & Minimum Wage | IEA PodcastIn this episode of the IEA Podcast, we dive deep into the recent £20 billion "black hole" reported in the UK's public finances. Our expert panel, featuring Professor Len Shackleton, Editorial & Research Fellow, alongside hosts Matthew Lesh and Tom Clougherty, dissects the reality behind these figures and what they mean for the country's economic outlook. The discussion explores how this financial shortfall might impact future government spending and policy decisions. The conversation then shifts to the contentious issue of junior doctors' pay and the broader implications for public sector wages. Our panel examines the recent pay settlements, their p...2024-08-0235 min
IEA PodcastLabour's Shocking Plan to Revolutionise UK Housing Crisis | IEA PodcastIn this episode of the IEA Podcast, Tom Clougherty and Matthew Lesh are joined by Sam Dumitriu, Head of Policy at Britain Remade, to discuss Labour's ambitious plans for housing, infrastructure, and economic growth. The conversation delves into the party's strategy to reform the planning system, restore housing targets, and streamline infrastructure projects. Sam provides insights into the challenges faced by previous governments and explores whether Labour's approach can overcome the long-standing obstacles to development in the UK. The discussion covers a range of topics, including the impact of NIMBYism, the complexities of the planning process, and...2024-07-1243 min
IEA PodcastUK Election: What's Next for British Politics? | IEA PodcastIn this episode of the IEA Podcast, host Tom Clougherty and co-host Matthew Lesh are joined by Dr. Michael Turner, a pollster, strategist, and fellow at the Adam Smith Institute, to dissect the recent UK General Election results. The conversation delves into Labour's victory, exploring the nuances behind their substantial majority and the implications for their policy agenda. The panel examines the challenges facing Keir Starmer's leadership and the potential obstacles in implementing promised reforms. The discussion also turns to the Conservative Party's defeat, analysing the factors contributing to their loss and the party's future direction. The...2024-07-0537 min
IEA PodcastUK Election: What's Next for British Politics? | IEA PodcastIn this episode of the IEA Podcast, host Tom Clougherty and co-host Matthew Lesh are joined by Dr. Michael Turner to analyse the recent UK General Election results.
The discussion covers Labour's victory and its implications, the challenges facing Keir Starmer's leadership, the Conservative Party's defeat and future direction, and the rise of Reform UK. The panel explores the changing dynamics of voter behaviour, the shifting political landscape, and the potential consequences for policy-making in the years ahead. Going beyond shallow political commentary, this episode offers a comprehensive look at the election's outcomes and the big ideas...2024-07-0537 min
IEA PodcastAnalysing Farage on Ukraine | IEA PodcastIn this episode of the IEA Podcast, host Tom Clougherty and Matthew Lesh are joined by Daniel Freeman to discuss three timely and controversial topics. They begin by examining Nigel Farage's recent comments on Ukraine and NATO expansion, exploring the nuances of the situation and how it's perceived differently in the UK versus the US. The conversation then shifts to the potential implementation of road pricing in the UK, weighing its economic benefits against political challenges. Finally, the panel dives into a discussion on whether neoliberalism leads to populism, inspired by a recent Financial Times article. They...2024-06-2838 minIEA PodcastAnalysing Farage on Ukraine | IEA PodcastIn this episode of the IEA Podcast, Tom Clougherty and Matthew Lesh are joined by Daniel Freeman to explore three controversial topics: Nigel Farage's comments on Ukraine and NATO expansion, the potential implementation of road pricing in the UK, and the relationship between neoliberalism and populism.
The panel offers nuanced analysis and challenges conventional wisdom, examining these complex issues from a classical liberal perspective. By delving deeper than typical political commentary, the hosts aim to provide listeners with a comprehensive understanding of the big ideas and foundational principles that underpin these current debates.
2024-06-2838 minIEA PodcastSir Vince Cable & Lib Dems Debate the Controversial 'Orange Book': 20 Years LaterThe Institute of Economic Affairs recently hosted a Book Club event reflecting on "The Orange Book" published by the Liberal Democrats 20 years prior in 2004. The event was hosted by Tom Clougherty, Executive Director of the IEA, and featured three of the original authors - Mark Oaten (Former MP & Home Affairs Spokesperson), Baroness Susan Kramer (Former Minister of State for Transport), and Sir Vince Cable (Former Leader of the Liberal Democrats).
The panelists discussed the origins and impact of The Orange Book, which aimed to reclaim economic liberalism within the Liberal Democrat party at the time. They reflected...2024-06-241h 36IEA PodcastElection 2024: Unpacking Party Manifestos | IEA PodcastIn this new and improved episode of the IEA Podcast, hosts Tom Clougherty and Matthew Lesh as host and co-host, they are joined by Kristian Niemietz, IEA Editorial Director, to dissect the recently released party manifestos for the upcoming general election.
The team delves into the parties' approaches to tax and spend, planning systems, the National Health Service, and regulation in general. They critically examine the similarities and differences between the major parties' proposals, highlighting the lack of substantial new ideas and the risk-averse nature of most manifestos.
The discussion reveals the challenges in implementing...2024-06-2141 min
IEA PodcastThe Myth of America's Free Market Healthcare | IEA Book ClubThe Institute of Economic Affairs hosted a Book Club event featuring Michael F. Cannon, Director of Health Policy Studies at the Cato Institute, to discuss his book "Recovery: A Guide to Reforming the U.S. Health System." The event was moderated by Tom Clougherty, IEA Executive Director. Cannon provided an in-depth analysis of the U.S. healthcare system, challenging the common perception that it is a free market system. He argued that the U.S. has every form of socialised medicine found in other countries, from employer-sponsored insurance to government programs like Medicare and Medicaid. Cannon advocated...2024-06-171h 09
IEA PodcastThe Future of British Politics: In Conversation with Simon HefferIn this new Institute of Economic Affairs "In Conversation" interview, Tom Clougherty sits down with renowned conservative historian and commentator Simon Heffer. Heffer pulls no punches in his scathing critique of contemporary Conservative leadership and the party's civil war over Europe. He explores major challenges Britain faces - an aging population, pressures on the welfare state, and the need for pro-growth economic reforms. Heffer calls for reining in corporatism and state overreach while incentivizing hard work and self-reliance. He advocates transitioning from a welfare state to a "welfare society" rooted in Victorian values of self-help, making this a must-watch...2024-05-221h 17
IEA PodcastCutting Through Red Tape | IEA PodcastOn this IEA Podcast episode, host Matthew Lesh engages Tom Clougherty, the Institute of Economic Affairs' Executive Director, in a thought-provoking discussion centered around the government's recent efforts to cut red tape. They dive deep into the 10-point plan announced, which includes measures like issuing new regulations only when "absolutely necessary" and imposing stronger growth duties on regulators. While acknowledging these as positive steps, Clougherty argues that they fail to truly reshape Britain's regulatory landscape fundamentally. The conversation explores the origins of the modern regulatory state, the institutional and cultural forces driving over-regulation, and the structural reforms needed, such...2024-05-1734 min
IEA PodcastCritical Thinking: CEO Pay, Diversity Quotas & Peer Review BiasesJoin us for an IEA Book Club discussion with Alex Edmans, Professor of Finance at London Business School and acclaimed author, as he delves deep into the themes of his latest book, "May Contain Lies: How Stories, Statistics and Studies Exploit Our Biases - And What We Can Do About It". Hosted by Tom Clougherty, Executive Director, this event promises to unravel the intricacies of bias in education, peer review, and data interpretation, offering invaluable insights.Alex outlines the value of questioning and curiosity in education, challenging conventional methods of learning and advocating for fostering independent...2024-04-291h 07
IEA PodcastBitcoin, Libertarianism, Milei and the Future of Tax | Dominic FrisbyIn our latest In Conversation event, we had the pleasure of hosting Dominic Frisby, a multifaceted finance commentator, comedian, and author. Frisby delved into topics ranging from libertarianism and finance to the impact of Bitcoin and the future of tax, offering insightful perspectives. Joined by IEA's Executive Director, Tom Clougherty, Frisby shared valuable insights drawn from his extensive experience. Explore how decentralised technologies and cryptocurrencies are transforming economic paradigms, and gain insights into the potential effects of digital nomadism on government tax revenue. This is a public episode. If you'd like to discuss this with other...2024-04-241h 11
IEA PodcastHow the Spring Budget Affects the UK EconomyJoin Harrison Griffiths and IEA Executive Director Tom Clougherty as they dissect the recent Spring Budget. From National Insurance cuts to new taxes on vaping, gain insights into what went well, what went wrong, and the underlying structural issues in the UK economy. Explore the economic challenges within the planning system and energy sector, uncovering bureaucratic hurdles and high costs hindering growth and innovation. Delve into the intertwined challenges of fiscal policy and the size of the state, addressing the need for fundamental reforms. Don't miss out on valuable insights into Britain's economic landscape and the path forward. 2024-03-0841 min
IEA PodcastAre We Ready for Disaster? In Conversation with Dr Stephen DaviesJoin IEA Executive Director Tom Clougherty and Senior Education Fellow Dr. Stephen Davies for an insightful discussion on global catastrophic risks. With over 30 years of educational experience and a deep grasp of political and economic dynamics, Steve offers valuable insights into potential threats to humanity.In this conversation, Steve delves into his new book, "Apocalypse Next," published by the IEA, which explores global catastrophic risks and their implications. Drawing on extensive research, Steve challenges conventional thinking on risk assessment, the state's role, and technological progress.From nuclear war to solar flares, Steve highlights...2024-02-211h 02
The CapitalistBreaking down the BudgetIt's that special time of year again when the Chancellor delivers a Budget, before commentators, policy wonks and political opponents rush to tear it apart in the ensuing days.In that noblest of British traditions, we invited our editor-in-chief, Robert Colvile and the Centre for Policy Studies tax and policy guru, Tom Clougherty, for a special Budget edition podcast. Hosted on Acast. See acast.com/privacy for more information.2023-03-1731 minThe CapitalistWhy is tax so taxing?Few political questions are as basic, or as pressing, as how a government raises the money it spends – and the last year in British politics has provided ample examples of the political pitfalls of tax reform.In principle a good tax system should be a winning combination of fairness, efficiency, smooth revenue raising and growth-enhancing incentives. The UK does reasonably well on some of these fronts, but overall our system is a burdensome, convoluted mess that is ripe for reform.So if Jeremy Hunt really wants us to have the 'most competitive tax sy...2023-02-0334 minThe CapitalistThird time lucky?Typical isn’t it – you wait ages for a new Prime Minister and then three come along in six months. Rishi Sunak has taken command of a party that’s been through a bruising ideological battle and taken a battering in the polls as a result.He inherits an economy that’s in even worse shape than it was when Liz Truss took charge, which, to be clear, was already very bad.So where does he go from here? Will we see a return to the economic orthodoxy Liz Truss was reacting against, or will...2022-10-2834 min
The DeductionThe UK’s Tax Battles, Part One: How We Got HereIf you’ve been following taxes closely these past few months, you know that the UK is currently undergoing a drastic change.This episode of The Deduction is part one in our ongoing coverage of the UK’s tax battles. Jesse chats with Tom Clougherty, research director and head of tax at the Centre for Policy Studies in London. Tom talks us through what all went down in the UK this fall: from the leadership elections to the countless U-turns the new prime minister has made to try and reform the country’s tax code.Shortl...2022-10-1835 minThe DeductionThe UK’s Tax Battles, Part One: How We Got HereIf you’ve been following taxes closely these past few months, you know that the UK is currently undergoing a drastic change.This episode of The Deduction is part one in our ongoing coverage of the UK’s tax battles. Jesse chats with Tom Clougherty, research director and head of tax at the Centre for Policy Studies in London. Tom talks us through what all went down in the UK this fall: from the leadership elections to the countless U-turns the new prime minister has made to try and reform the country’s tax code.Shortl...2022-10-1835 min