What Is The Best Way To Measure Poverty in Britain?

December 13, 2017

What is the best way to measure poverty?

Intuitively, this question might not seem necessary - surely, we know poverty when we see it.

But while we can probably agree that the inhabitants of Victorian slums were in poverty, in many cases today things aren't so clear cut.

Our Chief Economist Julian Jessop examines this question in light of recent research from the Joseph Rowntree Foundation, warning of rises in child and pensioner poverty.

Interviewed by Digital Officer Madeline Grant, the pair go through some of the available metrics for determining poverty from absolute measures and cut off points to 'relative' ones, which compare individuals' standard of living with those in the societies they live in.

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The Myth of Scandinavian Socialism

November 30, 2017

Left-wing movements in Britain, and further afield, are increasingly citing the Scandinavian or Nordic economic model as a desirable alternative to capitalism.

But is Scandinavian socialism really all its cracked up to be?

Today, Dr Steve Davies and Kate Andrews of the IEA put the Nordic model under the spotlight - and examine to what extent these countries are indeed socialist, or even ‘left wing’.

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The World Economy: Why people still feel nervous…

November 24, 2017

Despite showing good signs of health for the first time in a long time, people continue to feel anxious about the state of the world's economy.

Interviewed by the IEA's Kate Andrews, Head of Education Dr Steve Davies explains what he believes to be the two-folded reason for this: First, the insecurity of China's banking system, which has produced unsustainable bubbles that are bound to burst at some point. Second, the state of the world's money system, including the extended use of quantitative easing and low interest rates, which have also created their own set of bubbles, particularly in real estate.

Steve argues that this can't go on forever, and if another recession hits, both central banks and governments are in a weak position to deal with lackluster economies.

Steve thinks there may be an opportunity to sort out debts, and to create an era of more geo-political stability.

But this may take getting through a recession, which would take a combination of luck and good policy making.

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Will Planes Fly After Brexit?

November 16, 2017
What impact will Brexit have on British aviation and our ability to travel? 
 
That's a question that's been on many peoples' lips recently, following warnings from the boss of Ryanair and other key industry figures, that flights between the UK and the EU could be grounded for months unless replacements for EU airline agreements are struck before Britain leaves the bloc.
 
Today the IEA's Chief Economist and head of the Brexit Unit Julian Jessop will weigh up the evidence, along with Digital Officer Madeline Grant, and decide whether these warnings stack up to reality. 
 
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Paradise Papers: The Benefits of Tax Havens

November 11, 2017

A recent mass leak of financial documents, branded the Paradise Papers, has caused many people to call for the Govenmernt to take decisive action against tax avoidance.

We’re joined by the IEA's Research Director Dr Jamie Whyte, and Head of Financial Services Diego Zuluaga, to discuss the role of tax havens and the legal and ethical questions around tax avoidance.

Interviewed by the IEA's News Editor Kate Andrews, the pair discuss the fallout from the Paradise Papers, and whether it’s moral to minimize one’s tax burden using off-shore accounts and other structures.

Finally, Diego and Jamie explore the role that off-shore funds will play in an increasingly globalised world.

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The Equal Pay Day Myth

November 10, 2017

November 10th is Equal Pay Day - the day when women supposedly start “working for free”, for the rest of the year.

The IEA’s Kate Andrews and Nerissa Chesterfield examine Equal Pay Day and see if it holds up to scrutiny.

Interviewed by the IEA's Digital Officer Madeline Grant, the three also look at the broader issue of the gender pay gap - what the true figure is, and why it is that women appear to be getting paid, on average, less than men.

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The Latest from Brussels: the ‘Divorce Bill’ and more

November 7, 2017
Today you'll hear an update from our Brexit Unit, led by Chief Economist Julian Jessop. 
 
Julian and Digital Officer Madeline Grant give the latest updates from the negotiations currently underway in Brussels, and discuss what sum - if any - Britain will be likely to pay in a so-called "Brexit Bill". 
 
Julian goes through some of the sums and demands currently in play, and examines what Britain may be owed, in terms of EU assets. 
 
The pair also discuss the repercussions of the Prime Minister's recent speech in Florence - both in terms of the Brexit Bill, and for the wider likelihood of reaching a trade deal before 2019. 
 
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100 Years On From The Russian Revolution - What Have We Learned?

November 2, 2017
This week marks the centenary of the October Revolution, which transformed Russia and reshaped the course of history.

100 years on, the IEA’s Kristian Niemietz and Madeline Grant discuss what lessons, if any, we've learnt from socialism’s history of around the world; from the Soviet Union, to Cuba, to Venezuela.

Kristian also traces the complicated relationship left-wing Western intellectuals have had with socialist regimes - and examines whether the right has also been, historically, guilty of similar revisionism.

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The Long View of Brexit: What happens 10 years down the road?

October 26, 2017

In the latest instalment in our podcast series, Live From Lord North Street, Dr Steve Davies, Head of Education at the IEA and News Editor Kate Andrews, sit down to give a long-term analysis of Brexit.

Steve makes the case that we are currently looking at Britain’s departure in a rather narrow way, focusing largely (and understandably) on immediate issues like the negotiating process, the impact of Brexit on the financial sector, and so on.

In the medium and longer term, however, Steve concludes that the economic impact of Brexit, in itself, is likely to have a much less substantial effect on growth than many would believe. These outcomes are far more likely to be determined by UK domestic policy.

Questions about Britain’s post-EU future should, therefore, factor in much wider, philosophical points about what kind of nation we will be in the future, Steve concludes, such as whether or not we use Brexit to embrace global free trade and competition.

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How You’ll Live to Be 700 Years Old

October 18, 2017

From the Fountain of Youth, to the Holy Grail, to JK Rowling's Philosopher's Stone, the idea of immortality has been ingrained in humanity’s creative consciousness for thousands of years. But in the present day, eternal youth may soon move out of the realms of myth and Sci-Fi, and into a reality, thanks to developing technologies.

Joining us today are Dr Steve Davies, Head of Education at the IEA, and News Editor Kate Andrews. Steve argues that within the next few decades, the ability to halt and even reverse the aging process may well be within the reach of science. He also outlines some of the potential upsides of Eternal Youth.
 

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