From Institute of Economic Affairs <[email protected]>
Subject You Had One Job
Date September 6, 2020 7:59 AM
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* TALKING POINT
* YOU HAD ONE JOB
* TAX AFTER CORONAVIRUS
* WE HAVE A WINNER!
* A CUBAN SURPRISE
* YOU’RE INVITED

Are we starting to get back to normal at last? Last week, pupils returned to school and MPs returned to Westminster. Whether the latter amounts to a return to normality or a risk that our politicians will continue to encourage an even more abnormal increase in state power, however, remains to be seen.

Here at the IEA, we are returning to our normal routine too. Most of our staff are now back at 2 Lord North Street and our regular YouTube show, Live With Littlewood ([link removed]) , returned to the airwaves on Thursday – you can catch up here ([link removed]) .

Each week we gather together an eclectic mix of top thinkers, commentators and journalists and seek to navigate a thoughtful, rational and market-orientated pathway through the extraordinary times we live in. On Thursday, we covered everything from the prospects for Brexit to the prospect of imminent tax hikes to the future of the BBC. If you missed it, you can catch up on all previous episodes – and our extensive range of other online content – here ([link removed]) .

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Proving that necessity is the mother of invention, the IEA largely reinvented itself as an online broadcaster throughout the lockdown period. We have reached hundreds of thousands of viewers and more than doubled the number of YouTube subscribers to our channel ([link removed]) in the past few months. Even when we are able to return to holding "real" events, we will continue to build up our successful online content in the weeks ahead. Please help us to get to an even larger audience by sharing links to our broadcasts with family and friends and through social media.

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Thanks to all of you for supporting the IEA in so many different ways over these extraordinary and challenging times. My particular thanks to our donors whose backing has enabled us to be such powerful advocates of free market economics. Continuing to make that case will be vital as we turn our attention to rebuilding the economy and rolling back the unprecedented growth in the powers exercised by the state. Stay safe and stay free.

Mark Littlewood
Director General, Institute of Economic Affairs

YOU HAD ONE JOB

The World Health Organization (WHO) and Public Health England (PHE) have been widely criticised for their mishandling of the Covid-19 pandemic.

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In a new IEA report ([link removed]) , IEA Head of Lifestyle Economics Christopher Snowdon sets out PHE and the WHO's "catalogue of failure" over the course of this crisis.

The paper observes that, by broadening the scope of what constitutes "public health" to include lifestyle regulation and various forms of "social justice," both of these multi-billion pound agencies "dropped the ball" on their primary duty of protecting the public from infectious diseases.

Christopher may have celebrated the downfall of PHE, but the WHO may be here to stay. If we can't get rid of it, he argues, we should at least give it come competition.

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To coincide with the release of his paper, Christopher wrote articles for both Spiked ([link removed]) magazine and CapX ([link removed]) . The Daily Express also wrote up his findings ([link removed]) . We've also posted a short explainer vide ([link removed]) o ([link removed]) on the report on our YouTube channel.

TAX AFTER CORONAVIRUS

This week the IEA’s Senior Academic Fellow Professor Philip Booth gave evidence to the Treasury Select Committee’s "Tax After Coronavirus" inquiry.

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While the UK does have a lower overall tax burden than some EU countries, were we to raise it to levels seen in northern European nations the outcome would be catastrophic. The UK can only increase taxes with a far better-designed tax system. Raising our tax rates to such a level would considerably slow economic growth, Philip said.

Looking to the future, Philip noted that "promises have been made to future generations for which nothing was set aside. You’re in the position of either reneging on those promises, reducing spending in other areas, or taxing future generations at very high rates.”

Philip also warned MPs that the government's pension triple lock would cause a degree of "chaos" in the coming years, as real earnings collapse and then recover.

Media coverage of Philip's comments was extensive – including The Telegraph ([link removed]) , Daily Mail ([link removed]) , The Times ([link removed]) , Daily Express ([link removed]) , Financial Times ([link removed]) and many regional outlets.

You can watch the full meeting here ([link removed]) .


** WE HAVE A WINNER!
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The IEA is delighted to announce the results of the 2020 Dorian Fisher Memorial Prize, where we had a record-breaking number of schools enter.

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The first prize of £500 went to Harry Houillon of Sevenoaks School, while the three runner-up prizes of £250 each went to Ananyashree Goenka (Dhirubhai Ambani International School Mumbai), Ayushman Mukherjee (Queen Elizabeth’s School, Barnet), and Ziyan Xie (Shanghai World Foreign Language Academy).

The prize of £500 for the school with the highest number of entries went to Royal Grammar School, High Wycombe for the third year in a row, with Queen Elizabeth, Barnet a close runner up.

The Prize is named after Dorian Fisher, the wife of Sir Antony Fisher, founder of the IEA, who was a long-time supporter of the Institute and its work.


** A CUBAN SURPRISE
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IEA Head of Political Economy Dr Kristian Niemietz this week spotted that one of his articles has been translated and published on ADN Cuba ([link removed]) .

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A little investigative work revealed that the outlet is part of a growing (albeit from a very low base) independent, private media sector in Cuba.

Kristian originally wrote the piece for CapX ([link removed]) . It was then republished by the Foundation for Economic Education (FEE) ([link removed]) . FEE recently translated it into Spanish ([link removed]) , and the Spanish version was republished by PanAm Post ([link removed]) . It was in this roundabout fashion that Kristian's piece found its way to Castro's island.

¡buen viaje!


** YOU'RE INVITED
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*IEA BOOK CLUB WEBINAR: FREE SPEECH AND LIBERAL EDUCATION: A PLEA FOR INTELLECTUAL DIVERSITY AND TOLERANCE

On Tuesday 8th September at 6pm, the IEA Book Club will host Donald Downs, the Alexander Meiklejohn Professor of Political Science Emeritus at the University of Wisconsin-Madison. Professor Downs will discuss his latest work, "Free Speech and Liberal Education: A Plea for Intellectual Diversity and Tolerance" with Professor Syed Kamall, Academic and Research Director at the IEA.

The book dissects the nature, extent, and causes of speech suppression, and emphasises the need for intellectual diversity. It outlines why robust free speech and academic freedom are so important to the prospects of liberal democracy. IEA Head of Education Dr Stephen Davies will join the discussion to compare the state of free speech and academic freedom in the US with the UK.

Please note, this event is strictly for IEA Book Club members. If you wish to find out more about the IEA Book Club ([link removed]) , please contact us here (mailto:[email protected]?subject=Free%20Speech%20and%20Liberal%20Education) or on 020 7799 8906.

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*NEW VISION: THE FUTURE OF THE BBC

Should the BBC continue to be funded by the licence fee or other form of tax, or has this become an outmoded way of financing broadcasting in the modern world?

Join us at 12.30pm on Wednesday 9th September for a panel discussion with IEA Senior Academic Fellow Professor Philip Booth, Mark Damazer, former controller at BBC Radio 4, Robbie Gibb, former Downing Street Director of Communications and Head of the BBC’s political programme output and Julian Knight MP, Chair of the Digital, Culture, Media and Sport Committee.

Register for the webinar here ([link removed]) , watch our short video on the BBC here ([link removed]) , and read the IEA's recent report, "New Vision: Liberating the BBC from the Licence Fee", here ([link removed]) .

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*IEA BOOK CLUB WEBINAR WITH MICHAEL SHELLENBERGER

On Tuesday 15th September at 6pm, the IEA Book Club will be hosting Michael Shellenberger to discuss his latest best-selling book "Apocalypse Never: Why Environmental Alarmism Hurts Us All".

Michael has been fighting for a greener planet for decades. But last year he decided that, as a lifelong environmental activist, leading energy expert, and father of a teenage daughter, he needed to speak out to separate science from fiction. What is really behind the rise of apocalyptic environmentalism?

If you would like to attend this upcoming webinar, please register here ([link removed]) .


** WITH A LITTLE HELP FROM OUR FRIENDS...
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These are difficult times for every individual and organisation, including the IEA. Understandably, your priorities will be to look after your loved ones, your family, your work or your business.

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But if you do have a little extra cash available to help the IEA during these uncertain times, your contribution – no matter how small – would be deeply appreciated.

As an educational charity, the work we do work is entirely funded by donations. If you are able to help please click here ([link removed]) or contact [email protected] (mailto:[email protected]?body=Dear%20Angela%2C) . Thank you.

And why not get Amazon to donate too? All you have to do is to start shopping on [link removed] and pick the IEA as your chosen charity. The IEA will then receive 0.5% of your spending on most items. Everything else remains the same (and at no additional cost to you).

"I just want to say that the online stuff you guys are doing is absolutely astonishing! I’ve watched every Live with Littlewood in entirety and just finished watching the latest. It’s been superb entertainment."

"Thanks for making this crisis more of an age of enlightenment."

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