* TALKING POINT, MARC GLENDENING
* THE BATTLE FOR NUMBER 10
* iN THE MEDIA
* IEA DIGITAL
* ON THE CALENDAR
* CALLING ALL STUDENTS!

The two candidates for Prime Minister have understandably focused on immediate issues of economic concern. However, as Kemi Badenoch argued in her campaign, Britain faces another challenge of equal significance.

Namely, the way in which the new, 'Culture Control Left' is transforming the very philosophical foundations of our society. Postmodernist ideas, for example, now dominate the criminal justice system, as can be seen by the police’s championing of transgender ideology and critical race theory.

Marc Sidwell, in his recent IEA paper, 'The Silent Revolution: The Intellectual Origins of Cancel Culture' ([link removed]) , provides a much needed insight into how and why the contemporary left have been able to entrench their authoritarian agenda, despite twelve years of Conservative government. He came to the IEA this week to discuss his thinking in a recorded interview, which you can watch here ([link removed]) .

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If the new Prime Minister is serious about leading a fightback for politically liberal values, here are three things she or he should consider:

First, drop, as Kemi promised, the illiberal monstrosity that is the Online Safety Bill. No society that purports to be open can give a state regulator the power to erase ‘legal but harmful’ communications. The police and CPS will also gain the power to criminally prosecute those they have subjectively judged to have caused ‘serious emotional distress’. Incredible but true, sadly.

Second, immediately instruct all police forces to erase their ‘Non Crime Hate Databases’. The Chief Constables awarded themselves, without any legal or contested foundation, the right to place us on these sinister registers because of opinions expressed.

Third, abandon all ‘hate speech’ related laws. The state has no right to prosecute us because of the emotions we express. Only actually inciting violent action against individuals or groups should be of concern to the authorities in a free society.

Marc Glendening
IEA Head of Cultural Affairs

THE BATTLE FOR NUMBER 10

Tomorrow, we will find out who will be the next leader of the Conservative Party and our new Prime Minister. It is highly likely that it will be Liz Truss MP who is handed the keys to Number 10.

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Writing for The Sunday Telegraph ([link removed]) ahead of the announcement, IEA Director General Mark Littlewood provides an insight into Liz Truss' character, her politics, and what her priorities will be in office.

Mark writes: "We can expect to see a whirlwind of activity and announcements from the very first minutes of her entering Downing Street. Given the speed she is going to have to operate at, there inevitably will be missteps. But the overall direction of travel in the Truss administration will be crystal clear – to move power and money away from the state bureaucracy and into the hands of ordinary men and women."

Read the full article on page 17 of today's Sunday Telegraph or online here ([link removed]) .

Mark also answered key questions about Liz Truss in an interview for the IEA YouTube channel, which you can watch here ([link removed]) from 10am today. He will also appear across the national and international media following tomorrow's announcement.

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IEA Economics Fellow Julian Jessop discussed Liz Truss' approach to the cost-of-living crisis on BBC News ([link removed]) . Julian argued that her planned tax cuts are a good start but that there must also be extra support for the most vulnerable.

Julian commented: "The UK is facing a massive economic and social crisis over the winter and now is not the time to be worrying about bean counting. We need big tax cuts and increases in spending to help the most vulnerable."

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And, as we await tomorrow's announcement, the outgoing Prime Minister Boris Johnson gave his exit speech, pledging £700m for new nuclear power plant, Sizewell C, on the Suffolk coast.

Writing for The Express ([link removed]) , IEA Energy Analyst Andy Mayer questioned Johnson's legacy when it comes to energy policy, noting that the next Prime Minister needs to urgently rethink the government's heavy-handed approach.

On Johnson's commitment to nuclear, Andy wrote: "The promises required to fund it mean we decarbonise expensively and insecurely by undermining competition and taking on investor risks. A better plan would be to aim for consistent competitive carbon pricing, letting markets deliver the best climate solutions first."

iN THE MEDIA

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Stifling speech... Earlier this week, IEA Head of Regulatory Affairs Victoria Hewson took part in a documentary on the rise of censorship in the UK.

Victoria discussed the controversial Online Safety Bill and highlighted its potential to infringe on free expression. The Telegraph's full documentary can be viewed here ([link removed]) .

The office beckons... IEA Editorial and Research Fellow Professor Len Shackleton
spoke to i News ([link removed]) about the impact high energy prices will have on the labour market. Len pointed out that the recent price cap rise may encourage people back into the office to avoid rising energy costs at home.

Len argued: “WFH will become more expensive than commuting for those living fairly close to work. Bear in mind, too, that if unemployment begins to rise, employers will be putting more pressure on employees, and employees will be keen to make an impression. Both will tend to boost ‘presenteeism’.”

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Doom and gloom... Earlier in the week, Goldman Sachs predicted that inflation could soar to 22.4 per cent by early next year if energy prices remain high.

Quoted by This is Money ([link removed]) , Julian Jessop noted: "These estimates by Citi and Goldman are pessimistic because wholesale gas prices are unlikely to remain this high throughout the winter. Nonetheless, it is essential that the Government has a contingency plan in case energy bills rise even further in 2023."

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Generation game... On GB News ([link removed]) , IEA Head of Public Policy Matthew Lesh discussed inter-generational inequality and argued that government policy has favoured older generations for too long.

Matthew asserted: "It does seem like the policy setting from the government is unfair and biased towards older generations, who are getting services and expenditure from government at the cost of younger people."

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Low energy... IEA Chief Operating Officer and Energy Analyst Andy Mayer appeared on TRT World to discuss solutions to rising energy costs.

He pushed back on claims that nationalisation is the answer, reminding viewers that such a move would simply push costs onto taxpayers – and future generations. Watch here ([link removed]) .

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Safe as houses... Matthew wrote for CapX ([link removed]) on the inadequacy of implementing social housing expansion and rent control as a means of easing the housing crisis. Matthew argued that such policies will only serve to throttle supply and protect incumbent property owners over new market entrants.

He concluded: “The dream of ownership will only be accessible to the next generation by reforming the planning system to enable more homes to be built, not by fiddling around with rents.”

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Workers United... And writing for 1828 ([link removed]) , IEA Head of Political Economy Kristian Niemietz drew parallels between the tribalism of football fandom with the mentality of many left-wing activists. Kristian highlights that like some football fans, leftists often have no desire to remove tribalism and emotion from their chosen subject.

He commented: "Asking such a person to be less tribal and more fair-minded means asking them to give up the bit which gets them all energised about politics in the first place.”
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IEA DIGITAL

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IEA Podcast... With millions waiting for basic treatment, public faith in the NHS is waning.

In this episode of the IEA Podcast, IEA Head of Public Policy Matthew Lesh spoke to Kate Andrews, Economics Editor at The Spectator, to discuss the problems within the NHS and how the service might be improved.

The full episode can be viewed here ([link removed]) .

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Parallax Views... What is cancel culture and where did it come from? In this episode of Parallax Views, IEA Head of Cultural Affairs Marc Glendening spoke to author and commentator, Marc Sidwell, about his his latest paper, 'A Silent Revolution: The intellectual origins of cancel culture'. ([link removed])

The full episode can be watched here ([link removed]) .

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Has the spark gone?... The soaring cost of energy has led many to question the state of the UK energy market. In this video, IEA Head of Regulatory Affairs Victoria Hewson is joined by energy consultant and commentator, Kathryn Porter, to discuss the energy market and how it can be improved.

Kathryn's energy blog, 'Watt-Logic', can be read here ([link removed]) , and the full conversation can be watched here ([link removed]) .

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Markets and Morality... In light of Russia's invasion of Ukraine, an increasing number of liberal democracies have decided to reintroduce compulsory military service.

IEA Director of International Outreach Adam Bartha welcomed Elisabeth Braw from the American Enterprise Institute and Tero Lundstedt from Finland’s leading classical liberal think tank Libera to debate compulsory national service.

Elisabeth pointed to the Norwegian model as an example to follow, as it is a selective and prestigious scheme, while Tero argued that the Finnish model of compulsory conscription for males only is an outdated and unfair system. The full discussion can be watched here ([link removed]) .

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The Swift Half with Snowdon... With energy prices soaring, policymakers find themselves at a crossroads.

One option is further government intervention in the sector, with many calling for windfall taxes on North Sea oil and gas firms. Others argue that the government should put Net Zero aspirations on hold and focus on ensuring security of supply by boosting the domestic production of oil and gas.

In this episode of The Swift Half with Snowdon, IEA Head of Lifestyle Economics Christopher Snowdon speaks to Angela Knight, former Conservative MP for Erewash and Chief Executive of Energy UK (2012–2014). They discuss the energy market and what can be done to fix it.

Watch the full episode here ([link removed]) .
FUNDRAISE FOR UKRAINE

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31 years after declaring independence from the USSR, Ukraine is yet again fighting for its survival.

As winter fast approaches, Alexander Hammond, Free Trade Fellow at the Institute of Economic Affairs and Director of the Initiative For African Trade and Prosperity, has created a new fundraiser to help ensure Ukrainian soldiers are better equipped, with uniforms and warm clothing.

Earlier in the year, Alexander and his partner raised thousands of pounds to help Ukrainian refugees find shelter. To find out more, and to donate, click here ([link removed]) . Any donation is hugely appreciated.
FOR THE CALENDAR

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A British Bill of Rights – what is it and do we need one? On Thursday, September 8th at 6.30pm, the IEA will be hosting an event on the implications of replacing the 1998 Human Rights Act with a British Bill of Rights Act.

The discussion will be chaired by IEA Head of Regulatory Affairs Victoria Hewson. Confirmed panellists include Andrew Warnock QC, Chair of Research at the Society for Conservative Lawyers, and IEA Head of Public Policy Matthew Lesh. Further speakers will be announced in due course.

If you would like to attend the event, you can find more details here ([link removed]) .

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IIMR Webinar Series... The Institute of International Monetary Research, based at the University of Buckingham, is hosting a series of webinars in October.

The first, taking place on October 5th, will feature Charles Calomiris of Columbia Business School on the question: Does the Fed need a tighter monetary policy rule and Congress scrutiny to restore price stability?

On October 19th, Pedro Schwarz of Universidad Camilo José Cela will discuss: Monetarism in an historical perspective: why is it not fashionable anymore?'

If you are interested in attending either of these events, more information can be found here ([link removed]) .

CALLING ALL STUDENTS!

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The IEA's Oxbridge Training Day is fast approaching. The event will be held at the IEA office in Westminster and will take place on 21 September 2022 from 1.30–4pm. The event is free to attend and participants may join virtually or in-person. For more details on the event, and how to attend, click here ([link removed]) .

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The November Teacher Seminar is also being hosted at the IEA office. The event will include presentations from IEA researchers on issues related to the academic syllabus. The focus will be on the history of economic thought, whether forecasting makes sense, and the history of the government debt crisis.

The event will take place on 2 November 2022 from 10am–3.30pm. You can find more information on how to sign up here ([link removed]) .

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