Last night was Guido’s first-ever joint live panel event with the IEA: Is Britain Broken?
For those who missed it, watch the full debate by clicking the video above. More exclusive events are coming soon – to secure your tickets, become a Fawkes Friend or a Premium Plotter today. Click here to join us…
Speakers:
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A new report from the Institute of Economic Affairs (IEA) shows the UK’s electricity system costs are on track to more than double by 2030. The equivalent of adding £700 to the average household bill even if – and it’s a big if – gas prices remain static…
According to the IEA, total subsidies and grid integration costs for renewables will soar from £19.8 billion in 2024/25 to a whopping £40.1 billion in 2030/31 on the government’s current plans.
David Turver, energy expert and author of the IEA’s ‘The Cost of Net Zero’, said:
“The UK already has the most expensive industrial electricity in the developed world, and official forecasts show it is going to get significantly worse. The idea that building more wind and solar will bring bills down is just wrong. Grid integration costs alone are set to rise by £17 billion by 2030, dwarfing any savings from lower gas prices.
“The opposition proposals to scrap AR7, end the Renewables Obligation and abolish carbon taxes are welcome, but they do not go nearly far enough. Even if every one of those pledges were delivered in full, electricity system costs would still be £8.2 billion above today’s levels by 2030…”
Even Blair is pushing against Labour’s Net Zero dogma. The odds of Miliband listening are next to nothing…
For the first time ever, Guido Fawkes is partnering with the Institute of Economic Affairs for an exclusive panel debate in the heart of Westminster on 1st June. Is Britain Broken?
Britain’s economic record over the past decade and a half makes for uncomfortable reading. Productivity growth has flatlined. Real wages have barely recovered from the 2008 crash. The tax burden is at its highest since the post-war era. The welfare and pensions bills keep climbing. Meanwhile debates over free speech, crime, and immigration continue to divide the political and policy debate.
But is Britain really broken? Are we witnessing temporary policy failures while the overarching story is more positive, or is something deeper going wrong? And crucially: what, if anything, can be done about it?
Speakers:
Fawkes Friends and Premium Plotters are invited to attend, and will receive an email today with information on how register. Date and venue details are included in the invitation. Become a Fawkes Friend or Premium Plotter today to secure your invitation…
For the first time ever, Guido Fawkes is partnering with the Institute of Economic Affairs for an exclusive panel debate in the heart of Westminster this June. Is Britain Broken?
Britain’s economic record over the past decade and a half makes for uncomfortable reading. Productivity growth has flatlined. Real wages have barely recovered from the 2008 crash. The tax burden is at its highest since the post-war era. The welfare and pensions bills keep climbing. Meanwhile debates over free speech, crime, and immigration continue to divide the political and policy debate.
But is Britain really broken? Are we witnessing temporary policy failures while the overarching story is more positive, or is something deeper going wrong? And crucially: what, if anything, can be done about it?
Speakers:
Fawkes Friends and Premium Plotters are invited to attend, and will receive an email today with information on how register. Date and venue details are included in the invitation. Become a Fawkes Friend or Premium Plotter today to secure your invitation…
Daniel Hannan is succeeding David Frost as Director General of the Institute of Economic Affairs. He starts on 1st June. Hannan said this afternoon:
“The IEA set Britain free. When it was founded in 1955, there was a consensus in favour of high spending, industrial management and economic planning. Ralph Harris and Arthur Seldon showed people what was wrong with those ideas, and thus unleashed the genius of our nation.
“We face a similar challenge today. Public spending and taxation are higher now than they were in 1955. We are back to the fatal conceit, the idea that politicians, bureaucrats and planners know best.
“Just like the IEA’s founders, we need to change people’s minds, to open people’s eyes. The route to national prosperity, now as then, is through deregulation, free trade, sound money and low spending. It’s not just the politicians we need to convince; it’s not even primarily the politicians. When voters understand the case for smaller government, MPs follow.
“I am so grateful to every one of my predecessors, from Ralph Harris, who inspired me as a teenager, to David Frost, whom I am proud to call my friend. They kept the flame burning. Now it is time to heap up the fire.”
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A new report from the Institute of Economic Affairs has found the UK’s death tax rate is “far more punishing” than even the 40% headline figure appears. It is brutal for parents hoping to provide for their children…
The British tax code offers no lower rate or exemption for assets passed on to children, unlike most Western countries. In fact, the UK ranks fifth-harshest in the entire OECD for taxing parent-to-child inheritance, behind only the US, Japan, Korea and France. And the nil-rate band has been frozen at £325,000 since 2009…
Report author Rory Meakin said:
“Inheritance tax is arbitrary, complex, distortionary and drives away the entrepreneurs Britain needs. A good tax system would not have an inheritance tax and, ultimately, ours should be abolished. But even a hesitant government can reform the system now. Raising the threshold, cutting the rate, simplifying the gifting rules: any of these would be a meaningful step in the right direction.”
The IEA is calling for the abolition of the tax entirely. Which is ambitious given who currently runs Number 11, and has never met a tax hike she doesn’t like…
Read the full report below:
Continue reading “Britain’s Inheritance Tax ‘One of the Harshest in the World’”
Former leader of the SNP in Westminster Ian Blackford told Times Radio why he believes Nicola Sturgeon’s claim that she spent no time in the kitchen and therefore didn’t see any of her husband’s purchases:
“She doesn’t have a passion for cooking.”