In this GB News interview, Institute of Economic Affairs Executive Director Tom Clougherty discusses Britain's economic challenges and the need for new radical ideas to overcome them. Addressing years of high taxes and low growth, he explains how many young Brits in their twenties and thirties have never experienced real economic growth, with incomes remaining stagnant since 2007.
Rather than pointing to a single solution, Clougherty argues that Britain needs hundreds of changes across the economy. He discusses the need to reform energy policy, housing, and what he calls a "bureaucratic state" that's suffocating growth.
Clougherty also discusses the IEA's role and mission to develop the ideas we need to overcome the greatest challenges we face today. The IEA will be at the forefront of the drive for fresh thinking and radical change required to return economic dynamism back to Britain.
