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 ...

https://iea.org.uk/wp-content/uploads/2026/03/IEA_DP147_The-Genius-of-Adam-Smith_v3-Digital-1.pdf In the Wealth of Nations, Adam Smith argues that individuals ...

Sales of legal tobacco have more than halved since 2021, according to an analysis of new data from HMRC. Tobacco sales figures published by the government on Friday revealed that the number of ...

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 ...

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” ...

In the early 2010s, a number of campaign groups made the case for the introduction of what they called a ‘living wage’, with rates substantially above the statutory national minimum wage. These groups ...

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 ...

From the price of a steel girder, to the fertiliser you put on your lawn and all the way down to the electricity you use, if it produces CO2 to make it, you need to pay for the CO2. But how? A complex ...

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 ...

Mancur Olson explained in The Logic of Collective Action (1965) that the free rider problem and the paradox of participation discourage rational consumers from taking collective action to oppose ...

https://iea.org.uk/wp-content/uploads/2025/01/IEA_No-Room-No-Room-new-edition_V2_Digital.pdf I stumbled across a copy of Professor Alan Evans’s book No Room! No ...