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Institute of Economic Affairs Profile picture
Institute of Economic Affairs
@iealondon
The UK's original free market think tank, founded in 1955. No corporate view — sharing material from wide-ranging list of spokespeople.
Mar 9 • 6 tweets • 2 min read
Adam Smith's 'The Wealth of Nations' was published 250 years ago today.

And it is still just as relevant as it was in the eighteenth century.

Our new paper explores Adam Smith's revolutionary 'system of natural liberty' and why it still matters

By Mark Skousen 🧵 Image 🏛️ Smith's formula for prosperity required three pillars:

- Justice (rule of law)
- Maximum freedom
- Robust competition

All three were essential to channel self-interest into public benefit.

This was his ‘system of natural liberty’...
Nov 6, 2023 • 19 tweets • 7 min read
🚨📝New IEA research: Has Brexit Really Harmed UK Trade?

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.

✍️ By trade economist @CeeMacBee

🔗 iea.org.uk/media/brexit-l…

Image 😲 The OBR asserted that Brexit barriers would result in a 15% drop in trade, contributing to a 4% lower GDP in the long run.

🤔 If Brexit had significantly impacted UK-EU trade, we would expect to see a divergence between British trade with the EU compared to non-EU countries.
Mar 23, 2022 • 4 tweets • 1 min read
📢IEA Head of Lifestyle Economics @cjsnowdon responds to #SpringStatement (1/4)

"The Chancellor has decided to alleviate the impact of price rises rather than try to fight inflation. "Cuts to fuel duty and income tax are very welcome, as is raising the National Insurance threshold, but they come at the cost of yet more borrowing.
May 27, 2020 • 10 tweets • 8 min read
Tonight's #LiveWithLittlewood has another amazing line up! Join us at 6pm where we'll be joined by @JuliaHB1 @KateAndrs @Fox_Claire @DouglasCarswell and many more to discuss the global economy post-coronavirus Kicking #LiveWithLittlewood off at 6pm, we'll be joined by @JuliaHB1
Apr 9, 2020 • 4 tweets • 2 min read
Authored by the IEA’s Head of Lifestyle Economics @CJSnowdon, ‘Short term impact of minimum pricing of alcohol in Scotland’ uses new data from the @ONS to show that there is no evidence that minimum pricing has created a step change in the rate of alcohol-related harm in Scotland Advocates of minimum pricing predicted that it would have an almost immediate impact in Scotland, with modelling forecasting 58 fewer deaths and 1,299 fewer hospital admissions in the first year. iea.org.uk/publications/S…
Sep 13, 2018 • 8 tweets • 3 min read
🇬🇧🇪🇺 Thread: No-Deal Brexit Fear-Checkers from the Institute of Economic Affairs 👇 No-Deal Brexit Fear-Checker, No. 1 by @julianHjessop: ✈️ “Planes won’t fly” ✈️ iea.org.uk/publications/p…