Penny Mordaunt Parodies It’s A Wonderful Life

The Leader of the Commons took to Lord North Street last night as guest of honour at the IEA’s Christmas Party. It’s been an eventful year for both the speaker and her hosts…

The main thrust of Penny’s speech involved a detailed parody of It’s a Wonderful Life, imagining a world in which Ed Miliband had won the 2015 election; Boris didn’t seek re-election, leaving London with an arsenal of water cannons; and Michael Gove would be found running Level Up, “Not a think tank, it’s a nightclub in Camden”. She foresaw “in this alternative reality the Ed Stone is on the 4th plinth of Trafalgar Square”. Not a bad idea given the current display…

As the speech drew to a close, Penny listed off Conservative achievements from the last 7 years, before announcing that “I am sticking around, to fight the next election”. By coincidence Guido was then lucky enough to hear the same speech again up the road at Conservative Home’s party in Mayfair…

mdi-timer 9 December 2022 @ 09:03 9 Dec 2022 @ 09:03 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Rishi Removes the Final IEA Fox From the Hen House

With Guido finally revealing the government PPS list yesterday evening, the reshuffle has finally concluded. Any names not on the list are out, and as the dust settles we can finally see who was quietly asked to depart. A keen-eyed co-conspirator spots that Lord Syed Kamall is out as a minister, having first been appointed to the government just nine months after his appointment to the Lords in 2021. A former IEA research director; was the unfair association between the think thank and Liz Truss’s mini budget what did it for Syed’s ministerial career?

mdi-timer 8 November 2022 @ 11:24 8 Nov 2022 @ 11:24 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
IEA’s Emily Carver Tells a Furious Angela Eagle to “Get Your Facts Right”

Chapeau to the IEA’s Emily Carver for firing back at Angela Eagle just now on Politics Live. Eagle doesn’t seem to realise the IEA opposed Liz’s energy price cap policy, and Carver herself didn’t support Truss in the first place. Eagle also can’t seem to explain how Labour balance the books differently. “Get your facts right…”

mdi-timer 1 November 2022 @ 13:07 1 Nov 2022 @ 13:07 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
openDemocracy’s Open Hypocrisy

“Who funds you?” campaigners have once again been exposed for their comical hypocrisy.

Online publication openDemocracy recently took over the Who Funds You campaign, and were quick to hound free market think tanks, demanding they publish the sources of their funding. The IEA returned fire, asking who funded Who Funds You – and the circumstances of the campaign’s takeover. It’s only fair.

Unsurprisingly, openDemocracy backed off smartly:

“You raise a number of very important questions. However, we don’t agree that answering them to your satisfaction should be a precondition of the IEA providing a response.”

Guido might be able to sympathise with their position – if they weren’t a campaigner for funding transparency…

In a week where free market think tanks have been subject to criminal damage as well as vitriolic online campaigns, the timing of openDemocracy’s interest seems dubious. It’s almost like they’re trying to add fuel to the fire…

mdi-timer 31 October 2022 @ 10:37 31 Oct 2022 @ 10:37 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Free Market Wonks Eat Up Liz’s Plan to Scrap Junk Food Tax

Liz Truss’s planned review – a classic Whitehall euphemism for ‘we’ve already agreed on the direction of policy – of Boris’s nannying junk food policies is going down a treat among Tufton Street’s wonk residents. With the energy price freeze having seriously disappointed the Institute of Economic Affairs (IEA) last week, it looks like No.10 have managed to curry back favour this morning. IEA Head of Lifestyle Economics Christopher Snowden said:

“Scrapping policies that make food and drink more expensive during a cost of living crisis is a no-brainer. The sugar tax has achieved nothing and the ban on volume price discounts will hurt everybody. We are long overdue a Prime Minister who puts the interests of consumers over the interests of nanny state pressure groups. Let us hope Liz Truss is that Prime Minister.”

The TaxPayers’ Alliance’s chief executive John O’Connell is also glad to see nanny state politics are off the menu:

“Junking these nanny state policies is long overdue. Plans to end buy-one-get-one-free were only going to pile pressure on hard-hit households during a cost of living crisis. Government cannot expect taxpayers to further tighten their belts and Truss is right to row it back.”

Meanwhile the Adam Smith Institute’s Head of Research Daniel Pryor added that junking the “anti-obesity crusade” will beef up ordinary people’s wallets:

“The Government’s anti-obesity crusade was always light on evidence but it weighs heavily on the wallets of hard-pressed consumers. It’s encouraging that the new Government could reverse the trend of politicians meddling with our weekly shop. Ordinary people have seen prices go up and choice go down whilst businesses have been burdened by yet more red tape. Multiple impact assessments—often based on questionable science—have failed to demonstrate significant impacts on public health. This has left a bitter taste in the mouth of Brits struggling with the cost of living crisis.”

Scrapping the ban on buy-one-get-one-free promotions and deals on junk food is one thing. Binning Osborne’s sugar tax would be a big step further. Hopefully Liz still has that appetite for small-c conservative politics like she promised…

mdi-timer 14 September 2022 @ 14:27 14 Sep 2022 @ 14:27 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
IEA Slams Liz Truss’s £100 Billion Energy Price Freeze

Liz Truss is set to announce her enormous energy price freeze later today, and with most of the details already briefed out – including the £100+ billion price tag – the wonks at the Institute of Economic Affairs are already pouring cold water on the plans. In a release last night, IEA Chief Operating Officer and Energy Analyst Andy Mayer called on the government to scrap their price controls plan and instead focus on targeted welfare and tax cuts:

“Targeted welfare and tax cuts are better than price freezes. The expected energy price freeze, which will limit typical bills to between £2-2,500, is estimated to cost between £90-£170 billion. It would be better and cheaper to focus on targeted welfare and tax cuts.

Price controls don’t work. By suppressing the price signal and subsidising energy use, more energy will be used, inefficiently, prolonging the crisis, and limiting investment in energy saving.

Support will be untargeted, encouraging executives to heat their swimming pools, as much as helping those facing a choice between heating and eating.”

Given Truss is reportedly the darling of Tufton Street, it’s significant to see the IEA already coming out against her policies two days into the job…

mdi-timer 8 September 2022 @ 09:08 8 Sep 2022 @ 09:08 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Previous Page Next Page