ThinkTent kicks off this afternoon at 3.15pm, with our first panel on how to drive economic growth charred by Mark Littlewood

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ThinkTent ([link removed]) , the joint venture between the IEA and the TaxPayers’ Alliance, has become a staple on the fringe at the Conservative Party Conference. This year promises to be another whirlwind of high-profile speakers discussing today’s most important issues. Every session will be streamed live on the IEA’s YouTube channel ([link removed]) for those who cannot make it in person.

ThinkTent kicks off this afternoon at 3.15pm, with our first panel ([link removed]) [YouTube Live ([link removed]) ] on how to drive economic growth charred by Mark Littlewood and including Liam Halligan of GB News, Ted R. Bromund of the Heritage Foundation, John O'Connell of the Taxpayers’ Alliance. Aria Babu of The Startup Coalition and Matthew Elliott of the Jobs Foundation.

This will be followed at 4.30pm with an important discussion asking whether still a safe space for free speech ([link removed]) [YouTube Live ([link removed]) ], including the almost-cancelled ([link removed]) Graham Linehan, along with our own Marc Glendening. Tomorrow is jam-packed with sessions throughout the day on the likes of rail, the NHS and immigration, followed on Wednesday by discussions on the nanny state, journalism and the blob.
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** Watch ThinkTent LIVE on YouTube…
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Sunday, 1st October 2023
* 3.15pm – 4.15pm: How to Drive Economic Growth ([link removed])
* 4.30pm – 5.30pm: Is the UK a Safe Space for Free Speech? ([link removed])

Monday, 2nd October 2023
* 11.30am – 12.30pm: Is Intergenerational Inequality Holding Back Britain? ([link removed])
* 12.45pm – 1.45pm: The Future of Conservatism: In Conversation with Lord Frost ([link removed])
* 2.00pm – 3.00pm: The Future of Rail ([link removed])
* 4.30pm – 5.30pm: NHS Crisis: How can we improve Britain’s health service? ([link removed])
* 5.45pm – 6.45pm: Battle of the think tanks: Should we reduce immigration? ([link removed])

Tuesday, 3rd October 2023
* 10.15am – 11.15pm: Nanny State v. Consumer Choice ([link removed])
* 12.45pm – 1.45pm: The Future of Journalism: Should Digital Platforms Be Required to Fund News Publishers? ([link removed])
* 3.15pm – 4.15pm: Is a Whitehall Blob Thwarting Reform? ([link removed])

Attendance at ThinkTent sessions are open to all conference attendees on a first-come-first-serve basis. ThinkTent is located in the secure zone at the Conservative Party Conference, Manchester Central Convention Centre.

I look forward to seeing you there,

Ed Hughes

IEA Head of Public Affairs
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** The New Great Inflation ([link removed])
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** How Western Central Banks Got It Wrong…and What They Should Do About It ([link removed])
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This week the IEA released a new paper authored by Sir John Redwood MP criticising Western central banks’ response to post-pandemic inflation and discussing how they can improve policymaking in future.
* The Bank of England allowed inflation to get out of control before the invasion of Ukraine and the associated disruption of energy and food markets.
* Western central bankers’ quantitative easing, printing money to purchase bonds, and near-zero interest rates helped fuel inflation.
* Japan and China avoided spiralling inflation, while central bankers in the UK, US and Eurozone failed to forecast the impact of expanding the money supply.
* The Bank of England is now overcompensating by rapidly selling bonds, costing taxpayers billions.

Download paper ([link removed])
Press release ()
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** The Bank’s latest blunder is costing billions ([link removed])
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Report author, Sir John Redwood MP, The Daily Telegraph ([link removed])

Independent variables… The Bank of England and the government should work together to improve the Bank’s faulty modelling while incentivising monetary policymakers to get the big calls right.

Bank should halt bond sell-off to avoid market turmoil, urges MP ([link removed])

The Times, The Daily Express ([link removed]) & Politico ([link removed])

Overcompensating… The same faulty modelling failures that led the Bank to respond too slowly to inflation may be leading them to overcorrect in response.
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The Bank of England is to blame for inflation ([link removed])

Head of Lifestyle Economics Kristian Niemietz spoke to report author Sir John Redwood MP about who is to blame for inflation
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** A Vapid Solution ([link removed])
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** Why banning disposable e-cigarettes would be a failure of law-enforcement
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This week the IEA released a briefing paper authored by IEA Head of Lifestyle Economics Christopher Snowdon and Communications Officer Reem Ibrahim arguing that the proposed ban on disposable vaping products would take away a safer choice from millions of adult smokers.
* It is already illegal to sell vaping products to under-18s.
* The scale of youth vaping is often overstated. Twice as many 11–15-year-olds drink alcohol regularly than vape regularly.
* Environmental concerns are negligible since only tiny amounts of rare resources are used and vapes are easily recyclable.
* The sensible response to concerns about youth vaping and the environment is to enforce existing restrictions and to encourage responsible recycling, not take away the freedom of adults to choose.

Download paper ([link removed])
Press release ([link removed])
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Disposable Vapes Ban Could Cost Lives

Report author, Reem Ibrahim, IEA YouTube Channel

Vaping saves lives… If the government wants to reduce smoking, taking away a safer alternative for adults would be counterproductive.
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** Disposable Vapes and the Race to Prohibition
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Report author, Christopher Snowdon, The Critic

Enforce existing laws… Let’s not make the perfect the enemy of the good. Since 2012, when vaping became mainstream, the proportion of 11-15 year olds who smoke regularly has dropped from 4 per cent to just 1 per cent.
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Reem speaks to Times Radio
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** Disposable vape ban: Institute of Economic Affairs warns of HARMFUL consequences
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Christopher speaks to GB News

IEA Latest.
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** Another HS2 setback ([link removed])
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Editorial and Research Fellow Len Shackleton, talkTV & GB News

Spoilt for choice… After promising to revolutionise Britain’s transport capacity, HS2 may end up merely being a fourth route between London and Birmingham.
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Why Is Britain’s Infrastructure So Expensive?

Director of Public Policy and Communications Matthew Lesh and Head of Policy at Britain Remade Sam Dumitriu, IEA YouTube ([link removed])

More government waste… HS2 is just the latest in a long list of eye-wateringly expensive infrastructure projects. This week’s podcast seeks to unpack why.
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BBC Politics Live

Communications Officer Reem Ibrahim, BBC Politics Live

Scotts leading the way… Reem discussed drug consumption rooms, arguing that drug addicts must be treated as patients, not criminals.
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The socialist calculation debate: Then and now (Part 3) ([link removed])

Head of Political Economy Kristian Niemietz, IEA Blog ([link removed])

Numbers game… The Socialist Calculation debate was never about data processing capacity.
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** SNP blasted over ‘abject failure’ rent control policy that has hiked lets to record levels ([link removed])
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Director of Public Policy and Communications Matthew Lesh, The Daily Express

An abject failure… Rent control remains ‘the most efficient technique presently known to destroy a city – except for bombing’.
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Times Radio

Director of Public Policy and Communications Matthew Lesh, Times Radio

Betrayal… The UK risks falling into a “high tax, low growth trap” if the government doesn’t spend public money more effectively.
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** Breaking Barriers: Naked Feminism? ([link removed])
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Communications Officer Reem Ibrahim and Gonville and Caius College, Cambridge Economics Fellow Victoria Bateman, IEA YouTube ([link removed])

More than modest… The emancipation of women has helped to drive global economic growth. But even in Western countries, social stigma may still be holding women back.

IEA Insider.


** IEA hosts Oxford Training Day
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This week the IEA hosted 65 enthusiastic students, both in-person and via Zoom, for our annual Oxbridge Training Day. The IEA’s Head of Education Steve Davies provided training on lateral and critical thinking, personal statements, and interviews. Oxbridge graduates also anwsered burning questions in an ‘ask me anything’ session.
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