Future growth needs freedom now September 21, 2010 RICHARD WELLINGS DEPUTY EDITORIAL DIRECTOR, IEA WHEN the Soviet Union collapsed it seemed obvious that economic freedom was essential if individuals and societies were to thrive. But in the 20 years since, the enemies of liberty have fought back. The vested interests and bureaucracies that rely on big government have increasingly used environmental objectives and [...]
Government should scrap new City watchdog, says think-tank August 3, 2010 THE coalition’s plans for financial reform will do little to benefit supervisors, banks or the stock market, according to research by the free-market think-tank the Institute of Economic Affairs (IEA). Any replacement of the FSA will not prevent financial scandals, the IEA argues in a research paper, which says UK regulators have historically lacked proper [...]
World trade still driving the recovery June 29, 2010 INVESTORS are right to be worried about the Eurozone. It is the most dangerous part of the world economy, a flawed and failing construct which poses a great threat to the financial system and to the recovery. A Chinese collapse looks much less likely, however, though it is clear that anything that were to derail [...]
£1,376,000,000,000 The amount of debt Britain will be saddled with by 2015 June 14, 2010 THE national debt will hit a staggering £1.4 trillion by 2014-15, equivalent to £23,000 for every man, woman and child. The revelation came in Britain’s first official but independent set of fiscal forecasts, released by the newly-created Office for Budget Responsibility yesterday. Interest payments on the massive debt pile are set to soar to £67bn [...]
Climate change funds efficient source of profit June 22, 2010 AS THE western world enters the age of austerity, finding sectors with strong growth potential will be the challenge for investors. Climate change is one area that has astounding prospects. The International Energy Agency (IEA) estimates that between $1 trillion and $2 trillion a year will need to be invested over the medium to long [...]
Climate change funds efficient source of profit June 22, 2010 AS THE western world enters the age of austerity, finding sectors with strong growth potential will be the challenge for investors. Climate change is one area that has astounding prospects. The International Energy Agency (IEA) estimates that between $1 trillion and $2 trillion a year will need to be invested over the medium to long [...]
IEA warns on rising oil prices November 12, 2009 OIL demand has started to grow after a year-and-a-half of decline, the International Energy Agency said yesterday, in the latest sign that the pick-up in Asia is boosting energy consumption. But the body warned that the recent rise in oil prices could derail recovery if it continues, and demand for the commodity itself will rebound [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 13, 2010 FINANCIAL TIMES BEEF PRICE SURGES FOLLOWING HARSH US WINTER Beef prices are soaring after cattle failed to fatten up during the harsh US winter and cash-strapped ranchers culled herds to cope with the recession. Cattle futures have risen more than 20 per cent since December and are again flirting with $1 a pound, a milestone [...]
Tax collection costs UK firms £20bn a year February 18, 2010 TAX collection costs the UK an astonishing £20bn a year, according to new research from the Institute of Economic Affairs. It claims the UK is one of only three of the 43 most advanced economies where the cost of tax collection is not falling. The IEA called for radical tax reforms it says could reduce [...]
IEA:Opec decision is sensible September 10, 2009 Opec’s decision to hold oil output targets steady is a sensible decision in the light of the economy, which remains fragile, the International Energy Agency (IEA) said yesterday. As widely expected, at a meeting ending early yesterday, the Organisation of the Petroleum Exporting Countries (OPEC) saw no need to change production formally, although some OPEC [...]