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IEA Podcast

Institute of Economic Affairsinsider.iea.org.uk
The Institute of Economic Affairs podcast examines some of the pressing issues of our time. Featuring some of the top minds in Westminster and beyond, the IEA podcast brings you weekly commentary, analysis, and debates.

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Episodes

Labour's First Year & Socialism's Return | IEA Podcast

In this Institute of Economic Affairs podcast, Director of Communications Callum Price hosts a discussion with Executive Director Tom Clougherty and Editorial Director Kristian Niemietz on Labour's first year in government since their July 2024 election victory. The conversation examines Labour's economic performance, focusing on their growth mission, fiscal challenges, and supply-side reforms. They assess the government's struggles with their pro-growth agenda, the impact of their tax-and-spend...

Jul 04, 202545 min

Adam Smith's American Revolution | Dan Klein | IEA Interview

In this IEA podcast episode, Reem Ibrahim sits down with Professor Daniel Klein to unravel why Adam Smith-writing in 1776 as revolution erupted-predicted America would become "one of the greatest and most formidable empires that ever was in the world." Starting with Smith's remarkable GDP forecast that America would overtake Britain within a century (which proved dead right), they trace how the Scottish economist saw five liberal principles emerging in colonial thought that would drive unprecede...

Jul 04, 202537 min

How Nuclear Power Went From Cheap to Impossibly Expensive | Free the Power

In this Free the Power episode, IEA Andy Mayer sits down with writer and policy analyst Alex Chalmers (Trauma Machine Substack & Works in Progress) to unravel why nuclear power went from cheap and fast-to-build in the 1960s to eye-wateringly expensive today. Starting with fruit-fly radiation studies that won Hermann Muller a Nobel Prize and seeded the “no safe dose” dogma, they trace the cascading effects of U.S. weapons-testing mishaps, the birth of ALARA/ALARP regulation, and how a safety ...

Jul 03, 202540 min

Why Both Left and Right Have Failed on Growth | Julia Willemyns

In this Institute of Economic Affairs podcast, IEA Executive Director Tom Clougherty interviews Julia Willemyns, co-founder of the Centre for British Progress. The conversation explores the Centre's mission to promote pro-growth policies from a progressive perspective, examining how the centre-left can embrace economic growth and supply-side liberalisation. Willemyns discusses the organisation's evolution from UK Day One, their focus on addressing barriers to progress in Britain, and their belie...

Jun 30, 202545 min

NHS Waste, Welfare Traps & Failed Industrial Strategy: Britain's Triple Crisis | IEA Podcast

In this Institute of Economic Affairs podcast, Communications Manager Reem Ibrahim is joined by Executive Director Tom Clougherty and Editorial Director Kristian Niemietz. The conversation covers NHS productivity challenges, the government's welfare reform U-turn, and Labour's new industrial strategy. They examine how the NHS struggles to convert financial resources into productive medical inputs, despite having adequate funding compared to OECD averages, and discuss the need for decentralised d...

Jun 27, 202540 min

New Government Alcohol Advertising Ban | IEA Briefing

In this Institute of Economic Affairs briefing, Communications Manager Reem Ibrahim interviews Dr. Christopher Snowdon, Head of Lifestyle Economics, about the government's consideration of new restrictions on alcohol advertising. The discussion examines why ministers are exploring these plans, potentially to create a "level playing field" with the upcoming junk food advertising ban, and Dr. Snowdon's analysis of why such restrictions would be ineffective and economically damaging. Dr. Snowdon pr...

Jun 27, 202512 min

Government in Crisis Over Exploding Welfare Bill | Dr Stephen Davies | IEA Interview

In this Institute of Economic Affairs Podcast interview, IEA Communications' Callum Price interviews Dr. Steve Davies, Senior Education Fellow, on the growing crisis of state welfare spending in the UK. Davies explains how the welfare bill has ballooned to approximately 12% of government expenditure (excluding pensions and healthcare), with incapacity and disability benefits alone expected to reach £100 billion by 2030 - up 25% since 2019. The discussion explores how Gordon Brown's well-intentio...

Jun 26, 202531 min

Tax Expert Dan Neidle: Why Wealth Taxes Will Backfire Spectacularly | IEA Interview

In this Institute of Economic Affairs Podcast Interview, IEA Executive Director Tom Clougherty interviews Dan Neidle, founder of Tax Policy Associates and one of the UK's most respected tax experts. The conversation covers the fundamental problems with Britain's tax system, examining public misunderstanding of how tax thresholds work, the challenges of pro-growth tax reform, and why wealth taxes are likely to fail. They also discuss the absurd cliff edges in income tax that discourage people fro...

Jun 23, 20251 hr 14 min

HS2 Billions, Trump's Tax Chaos & The Liberal Identity Crisis | IEA Podcast

In this Institute of Economic Affairs Podcast, IEA Executive Director Tom Clougherty is joined by Managing Editor Daniel Freeman and Editorial Director Kristian Niemietz for a wide-ranging discussion covering three major policy areas. The conversation examines the spiralling costs and delays of HS2, which now has no fixed opening date despite ballooning to over £100 billion for a truncated route that no longer reaches Manchester or Leeds. They also debate whether classical liberals should abando...

Jun 23, 202548 min

Britain is Paying for Wind Power It Can't Even Use | Guy Newey | Free the Power

In this Free the Power podcast, the IEA's occasional series on free market solutions to energy challenges, Chief Operating Officer Andy Mayer interviews Guy Newey, Chief Executive of the Energy Systems Catapult. The conversation explores the contentious debate over locational pricing in UK energy markets - a technical reform that could fundamentally reshape how Britain prices and distributes electricity. They discuss the transition from a centralised system of large coal and gas power stations t...

Jun 18, 202530 min

The Death of Neoliberalism and the Rise of Populism | IEA Briefing

In this Institute of Economic Affairs Briefing, Communications Manager Reem Ibrahim interviews Christopher Snowdon, Head of Lifestyle Economics, about Quinn Slobodian's book "Hayek's B******s: The Neoliberal Roots of the Populist Right." The discussion examines Slobodian's controversial thesis that traces intellectual connections between free-market economists like Friedrich Hayek and Ludwig von Mises to the modern populist right movement, including figures like Donald Trump and Marine Le Pen. S...

Jun 16, 202525 min

Chancellor's Spending Review: All Money, No Vision | IEA Podcast

In this Institute of Economic Affairs podcast, Communications Director Callum Price is joined by Executive Director Tom Clougherty and Editorial Director Kristian Niemietz to examine the government's latest spending review. The conversation covers Rachel Reeves' announcement of increased NHS funding - another 3% real terms increase annually - while implementing spending cuts across most other departments through what they describe as "classic salami slicing" rather than genuine zero-based budget...

Jun 13, 202534 min

The NHS Was NEVER The Best Healthcare System In The World | IEA Briefing

In this Institute of Economic Affairs briefing, Communications Manager Reem Ibraham interviews Kristian Niemietz, Editorial Director, who has written a piece in The Telegraph entitled "The NHS Truths the Left Don't Want You to Hear." The conversation examines whether the NHS was ever truly the best healthcare system in the world, with Niemietz arguing that it never was, despite popular belief in a "lost golden age." They discuss how the NHS has consistently lagged behind other developed countrie...

Jun 11, 202515 min

New Zealand's Deputy PM David Seymour: "That's a Fight Worth Having" | IEA Interview

In this Institute of Economic Affairs podcast, IEA Director of Communications Callum Price interviews David Seymour, New Zealand's Deputy Prime Minister, Minister for Regulation and leader of the ACT Party. The conversation covers New Zealand's productivity challenges and Seymour's landmark Regulatory Standards Bill, which would establish statutory principles for good regulation based on protecting liberty and property rights. They discuss how New Zealand is tackling government bloat through fis...

Jun 09, 202544 min

Winter Fuel U-Turn & Britain's Fiscal Time Bomb | IEA Podcast

In this Institute of Economic Affairs podcast, Communications Director Callum Price hosts Executive Director Tom Clougherty and Editorial Director Kristian Niemietz for a wide-ranging discussion on three major political and economic issues facing Britain. The conversation covers the government's troubled handling of winter fuel payment reforms, examining how Labour's partial U-turn reveals the deeper political challenges of reforming old-age benefits in an ageing society. They also explore Conse...

Jun 06, 202547 min

Why Britain's Cannabis Laws Make No Sense | IEA Interview

In this Institute of Economic Affairs podcast, Communications Manager and Linda Whetstone Scholar Reem Ibrahim interviews Mike Morgan-Giles, CEO of the Cannabis Industry Council and Liberal Democrat District Councillor. The conversation covers the current state of medical cannabis regulation in the UK, examining how 2018 law changes have created a growing private prescription market of around 50-60,000 patients while NHS access remains severely limited by NICE guidelines. Mike explains the stark...

Jun 04, 202537 min

How to Save Western Civilisation | Johan Norberg | IEA Interview

In this Institute of Economic Affairs podcast, IEA Executive Director Tom Clougherty interviews Johan Norberg, author of the new book "Peak Human: What We Can Learn From the Rise and Fall of Golden Ages." Norberg, a prominent figure in the global freedom movement since his 2001 work "In Defence of Global Capitalism," explores what makes civilizations flourish and why they eventually decline. The conversation examines the essential preconditions for golden ages throughout history, including the i...

Jun 02, 202549 min

Doctors Strike & UK's 60% Tax Rate |IEA Podcast

In this Institute of Economic Affairs podcast, Communications Manager Reem Ibrahim hosts Executive Director Tom Clougherty and Editorial Director Kristian Niemietz for a wide-ranging discussion on Britain's broken systems. The conversation begins with Nigel Farage's proposal for transferable tax allowances between married couples, examining how the UK's individual taxation system creates massive inequities for families. They reveal the shocking reality that households with identical incomes can ...

May 30, 202544 min

Your Professor Lied to You About Capitalism | Yaron Brook | IEA Live

In this Institute of Economic Affairs event, Education Programs Manager Sam Cruickshank hosts Dr. Yaron Brook, Chairman of the Ayn Rand Institute and co-author of bestselling books including "Free Market Revolution" and "Equal Is Unfair." Dr. Brook delivers a compelling presentation on "The Morality of Capitalism," exploring why capitalism faces persistent moral objections despite its proven economic success. The discussion covers the fundamental conflict between society's condemnation of self-i...

May 28, 20251 hr 1 min

How to SAVE Britain | Robert Jenrick MP | IEA Live

In this Institute of Economic Affairs event, Head of Communications Callum Price interviews Robert Jenrick MP, Shadow Secretary of State for Justice and former Minister of State for Immigration and Secretary of State for Housing. The conversation covers the biggest barriers to economic growth in the UK, examining how persistent low growth has been exacerbated by Labour's recent policies and the need for radical conservative solutions. Jenrick discusses his advocacy for fundamentally different en...

May 26, 20251 hr 8 min

Trump's "Beautiful Bill" & a New UK Tax Raid? | IEA Podcast

In this Institute of Economic Affairs Podcast, Callum Price hosts a discussion with Daniel Freeman (Managing Editor) and Kristian Niemietz (Editorial Director) examining fiscal responsibility challenges facing both the UK and US governments. The conversation focuses heavily on the UK government's U-turn on winter fuel payment cuts for pensioners - a £1.5 billion Treasury measure that faced significant political backlash and contributed to Labour's poor performance in local elections. The panelis...

May 23, 202538 min

Britain's 15-Years of Stagnation & What to Do | Sam Bowman | IEA Interview

In this Institute of Economic Affairs Podcast, IEA Executive Director Tom Clougherty interviews Sam Bowman, founding editor of Works in Progress magazine, head of publishing at Stripe, and board member at the Mercatus Centre at George Mason University. The conversation explores Bowman's journey from his early days at the Adam Smith Institute to his current work promoting progress studies - a movement focused on economic, technological and scientific advancement. They discuss the cultural shift a...

May 21, 20251 hr 9 min

The Western Population Crisis | Lyman Stone | IEA Interviews

In this Institute of Economic Affairs Podcast, Daniel Freeman interviews Lyman Stone, demographer and senior fellow at the Institute of Family Studies. The conversation explores the global decline in birth rates, examining why people across the developed world are having fewer children than they desire. Stone explains how skills-biased technical change, delayed marriage, and reduced in-person socialising have contributed to fertility rates falling below replacement levels, with countries like So...

May 19, 20251 hr 1 min

Britain's Growth Delusion: The Numbers Don't Lie | IEA Podcast

In this Institute of Economic Affairs podcast, host Callum Price is joined by Communications Manager Reem Ibrahim and Editorial Director Kristian Niemietz to discuss the UK's recent economic performance and growth prospects. The conversation examines the first quarter's 0.7% growth figure - exceeding expectations by 41% - though the panel expresses caution about future performance given incoming challenges like increased employer National Insurance contributions and Trump's tariff policies. They...

May 16, 202537 min

Why Britain Leads Europe in Lifestyle Restrictions | Nanny State Index 2025 | IEA Briefing

In this Institute of Economic Affairs Briefing, IEA Communications Manager Reem Ibrahim is joined by Dr. Christopher Snowdon, Head of Lifestyle Economics at the IEA, to discuss the newly published 2025 Nanny State Index. The conversation explores this comprehensive ranking of European countries based on their paternalistic policies across nicotine products, food, soft drinks, and alcohol, examining how these regulations impact consumer freedom across 29 nations. Dr. Snowdon explains the methodol...

May 15, 202512 min

The Real Reason Britain Is Poorer Now Than America's Poorest State | Douglas Carswell | IEA Interview

In this Institute of Economic Affairs podcast, IEA Communications Manager Reem Ibrahim interviews Douglas Carswell, President and CEO of the Mississippi Centre for Public Policy, former MP, and co-founder of Vote Leave. The conversation examines Mississippi's remarkable economic transformation, where the state has achieved per capita GDP that now exceeds the UK, with both Germany in its sights. Carswell explains how Mississippi accomplished this through three key reforms: implementing a flat rat...

May 14, 202557 min

David Friedman Explains Why Trump's Tariffs Will Fail | IEA Live

In this Institute of Economic Affairs Podcast, IEA Executive Director Tom Clougherty interviews David Friedman, renowned economist and author of "The Machinery of Freedom." The conversation explores Friedman's critique of modern trade policy discussions, which he compares to using "Ptolemaic astronomy" for contemporary issues. Friedman systematically dismantles common misconceptions about trade deficits, tariffs, and international commerce while explaining how exchange rates naturally balance tr...

May 12, 20251 hr

India & US Trade Deals: Do They REALLY Benefit Britain? | IEA Podcast

In 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 eco...

May 09, 202538 min

Britain's Energy Disaster & How Innovation Could Turn It Around | Matt Ridley

In this IEA Podcast, Andy Mayer, COO and Energy Analyst, interviews Matt Ridley, former businessman, conservative peer, and author of books including "The Rational Optimist" and "How Many Light Bulbs Does It Take to Change the World." They discuss the recent power grid failure in Spain and Portugal, exploring how increasing reliance on intermittent energy sources like wind and solar may contribute to grid instability. Ridley explains the technical challenges of maintaining grid frequency when tr...

May 07, 202547 min

Europe Goes Dark & Trump's 100 Days | IEA Podcast

In 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 ...

May 02, 202547 min
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