Institute of Economic Affairs
Institute of Economic Affairs
  • 1 435
  • 8 683 707
Cutting Through Red Tape | IEA Podcast
On this episode of the IEA Podcast, Matthew Lesh, Public Policy & Communications Director, is joined by Tom Clougherty, Executive Director at the Institute of Economic Affairs, to discuss the government's recent announcement on efforts to slash red tape.
This week's question: Is the government finally deregulating?
Tom shares his insights on the government's 10-point plan to cut regulation, including measures like issuing new regulations only when "absolutely necessary" and imposing stronger growth duties on regulators. While praising these efforts as steps in the right direction, he argues they fall short of fundamentally reshaping the regulatory landscape.
The conversation delves into the origins of Britain's modern regulatory state, the role of institutions and incentives in driving regulation, and the cultural shift needed to truly embrace deregulation. Tom emphasises the need for structural changes, such as mandatory sunset clauses and a senior government figure responsible for regulatory liberalisation, to counterbalance the institutional pressures that often lead to over-regulation.
0:00 Intro
1:12 Assessing the government's deregulation efforts
5:48 Origins of Britain's modern regulatory state
10:22 Problems with regulatory impact assessments
14:10 Need for a regulatory register/database
17:15 Improving regulation at the early stages
20:20 Drawbacks of dropping regulatory budgeting
24:15 Structural solutions like sunset clauses
28:15 Changing the culture and mindset around regulation
32:10 Societal attitudes towards risk and precaution
FOLLOW US:
TWITTER - iealondon​​
INSTAGRAM - ieauk​​
FACEBOOK - ieauk​​
WEBSITE - iea.org.uk/
Переглядів: 279

Відео

Brexit Advisor: Boris Johnson, Negotiations & COVID Lockdowns with Lord Frost | The Swift Half Show
Переглядів 2,7 тис.День тому
In this episode of The Swift Half, host Christopher Snowdon sits down with Lord Frost, the former Chief Brexit Negotiator and Europe Adviser to Prime Minister Boris Johnson. Lord Frost provides an insider's perspective on the chaotic Brexit negotiations under Theresa May's government, the mistakes made, and how he helped reset the talks when joining Boris Johnson's team in 2019. He discusses th...
UK Immigration: Economic Burden or Benefit?
Переглядів 1,4 тис.День тому
This week on the IEA Podcast, host Matthew Lesh is joined by Harrison Griffiths, Communications Officer at the Institute of Economic Affairs, to discuss whether high levels of immigration to the UK are delivering the promised economic benefits or placing burdens on housing, infrastructure, public services and social cohesion. This week's question: Are immigrants burdening Britain? They analyse ...
Did Colonialism Really Make Britain Rich? Reem Ibrahim Debate
Переглядів 1,3 тис.День тому
In this GB News segment, Reem Ibrahim, Communications Officer and Linda Whetstone Scholar at the Institute of Economic Affairs (IEA), debates the role of the British Empire and slavery in Britain's economic development. Ibrahim outlines the argument from the IEA's new publication "Imperial Measurement" which pushes back on the narrative that Britain's wealth was primarily derived from coloniali...
Rishi Sunak's Crackdown: Reforming the UK Disability Benefits System | IEA Podcast
Переглядів 1,9 тис.14 днів тому
Rishi Sunak's Crackdown: Reforming the UK Disability Benefits System | IEA Podcast
Behavioural Economics & Paternalism Critique | The Swift Half Show
Переглядів 51414 днів тому
Behavioural Economics & Paternalism Critique | The Swift Half Show
Did Empire and Slavery make Britain Rich? | IEA Explainer
Переглядів 2 тис.14 днів тому
Did Empire and Slavery make Britain Rich? | IEA Explainer
Critical Thinking: CEO Pay, Diversity Quotas & Peer Review Biases | IEA Book Club with Alex Edmans
Переглядів 51714 днів тому
Critical Thinking: CEO Pay, Diversity Quotas & Peer Review Biases | IEA Book Club with Alex Edmans
Labour's Rail Nationalisation Promise | Matthew Lesh on GB News
Переглядів 1,1 тис.21 день тому
Labour's Rail Nationalisation Promise | Matthew Lesh on GB News
British Empire, Colonialism & Slavery: Did Empire Enrich Britain? | IEA Podcast
Переглядів 8 тис.21 день тому
British Empire, Colonialism & Slavery: Did Empire Enrich Britain? | IEA Podcast
Bitcoin, Libertarianism, Milei and the Future of Tax | Dominic Frisby
Переглядів 9 тис.21 день тому
Bitcoin, Libertarianism, Milei and the Future of Tax | Dominic Frisby
Is Profit Really Immoral? | IEA Podcast Clips
Переглядів 24721 день тому
Is Profit Really Immoral? | IEA Podcast Clips
UFC Renato Moicano's Passionate Plea: 'Read Ludwig Von Mises!' | Niemietz Answers
Переглядів 1,3 тис.Місяць тому
UFC Renato Moicano's Passionate Plea: 'Read Ludwig Von Mises!' | Niemietz Answers
Debunking Myths: Tesco's Profit Surge Explained | IEA Podcast
Переглядів 538Місяць тому
Debunking Myths: Tesco's Profit Surge Explained | IEA Podcast
Adrian Chiles Opens Up About Personal Drinking Journey | Swift Half with Snowdon
Переглядів 1,1 тис.Місяць тому
Adrian Chiles Opens Up About Personal Drinking Journey | Swift Half with Snowdon
Unlocking Singapore's Economic Miracle: Insights from Bryan Cheang
Переглядів 634Місяць тому
Unlocking Singapore's Economic Miracle: Insights from Bryan Cheang
Unleashing Britain's Entrepreneurs: how can Britain become more entrepreneurial?
Переглядів 249Місяць тому
Unleashing Britain's Entrepreneurs: how can Britain become more entrepreneurial?
How Britain Solved the Housing Crisis
Переглядів 1,9 тис.Місяць тому
How Britain Solved the Housing Crisis
The Roman Economy: Pandemic, Slavery & Trade Networks
Переглядів 636Місяць тому
The Roman Economy: Pandemic, Slavery & Trade Networks
How the Trump election could impact US-China trade relations | Podcast CLIPS
Переглядів 303Місяць тому
How the Trump election could impact US-China trade relations | Podcast CLIPS
How do Nations Escape Poverty? Lessons from free market economies
Переглядів 581Місяць тому
How do Nations Escape Poverty? Lessons from free market economies
Outrageous Attempts to Limit Smokers' Rights | The Swift Half with Snowdon
Переглядів 639Місяць тому
Outrageous Attempts to Limit Smokers' Rights | The Swift Half with Snowdon
China, Britain and Trump: How should Britain deal with China?
Переглядів 515Місяць тому
China, Britain and Trump: How should Britain deal with China?
Singapore's Low Personal Income Tax Rates
Переглядів 130 тис.Місяць тому
Singapore's Low Personal Income Tax Rates
Unveiling New Paternalism: Harrison Griffiths on Shaping Behaviour
Переглядів 156Місяць тому
Unveiling New Paternalism: Harrison Griffiths on Shaping Behaviour
NIMBYism Explained | Niemietz Answers
Переглядів 508Місяць тому
NIMBYism Explained | Niemietz Answers
Life Expectancy in Singapore
Переглядів 82 тис.Місяць тому
Life Expectancy in Singapore
Behind the Curtain: Should AI be more Transparent?
Переглядів 158Місяць тому
Behind the Curtain: Should AI be more Transparent?
Alcohol, Tobacco, and Prohibition | The Swift Half with Snowdon
Переглядів 325Місяць тому
Alcohol, Tobacco, and Prohibition | The Swift Half with Snowdon
Singapore's Superior Education
Переглядів 90 тис.2 місяці тому
Singapore's Superior Education

КОМЕНТАРІ

  • @SirRuffDiamond
    @SirRuffDiamond 21 годину тому

    Tories blame people in rubber boats who don’t exactly rent decent homes - but they forced all the councils to sell their housing stock and did not allow them to reinvest and took half of the proceeds and made them spend the rest on services and a few years down the road there is no proper social housing - did the Tories screw working people because they hate plebs? do bears shit in the woods?

  • @GiaJandieri
    @GiaJandieri 23 години тому

    Estonia is the worst example to understand USSR economy. It was least corrupted and best quality. It also joined SU a generation later. I think economic story is much more important than singing.

  • @gerhardaigner5108
    @gerhardaigner5108 День тому

    Again excuses. Who negotiated?

  • @xmaseveeve5259
    @xmaseveeve5259 День тому

    Helen Joyce, are you aware that 'Peter' Thatchell believes sexual abuse can be good for children?

  • @billybad1
    @billybad1 День тому

    WhT are all these politicians gonna do when they can't control us because of AI. Example is bitcoin

  • @TEmery
    @TEmery День тому

    Do you need some type of receiver

  • @organicwest
    @organicwest День тому

    This lady is dead wrong about anti-racist. Just look at people as people, it is really that simple. This woman is simply trying to throw crap at the wall and see what sticks. Being woke is simply seeing how systems are biased against certain groups.

  • @josephrohland5604
    @josephrohland5604 День тому

    End Central Banking fiat currency.

  • @bye-72
    @bye-72 День тому

    Stop mass immigration and build more houses.

  • @stephenmccabe1489
    @stephenmccabe1489 День тому

    What do you man "had" its still ongoing

  • @johnwhitcher4761
    @johnwhitcher4761 День тому

    When l was young you could buy a desent house for about 25 to 30k So to be classed as a millionaire then meant you were rich. Today these Houses are in the million pound bracket so to be classed as a millionaire to day does not make you rich you need multi millions to be classed as rich.

  • @davidsoapman6921
    @davidsoapman6921 День тому

    Jam it

  • @johnnevada46
    @johnnevada46 День тому

    What a wonderful British mess. I blame the education system.

  • @t9south
    @t9south День тому

    And still the media bend over backwards for these Tufton Street snake oil salesmen.

  • @MZig-rw7su
    @MZig-rw7su День тому

    What a strange looking man and so unsophisticated.

  • @nicolass7102
    @nicolass7102 День тому

    Uk is not united anymore

  • @nicolass7102
    @nicolass7102 День тому

    Brexit disaster

  • @nicolass7102
    @nicolass7102 День тому

    Brexit mess

  • @john_mega
    @john_mega День тому

    Too much too fast eh? Not the kind of Brexit we wanted? Not my fault, I was only the negotiator. I blame the remoaners bla bla bla

  • @alfhookham
    @alfhookham День тому

    " Europe Expert!" Wtf? MORON MORE LIKE.

  • @BoogersGalore
    @BoogersGalore День тому

    Trump 2024

  • @franciswhite4079
    @franciswhite4079 День тому

    Just not England Australia has the same problem Oh my God so does the rest of the world what could be happening

  • @valeriedeleeuw3702
    @valeriedeleeuw3702 2 дні тому

    Thank you Elon

  • @catalinacurio
    @catalinacurio 2 дні тому

    I see more homeless people in the street than ever before, the homeless agencies are shut down.

  • @TheRealBrook1968
    @TheRealBrook1968 2 дні тому

    Higher tariffs on constuction materials? More regulations on new housing? Bank of England have higher interest rates then ECB?

  • @splinter1055
    @splinter1055 2 дні тому

    Who owns all the land and refuses to build. UK is done for

  • @sibonisiwesibanda2260
    @sibonisiwesibanda2260 2 дні тому

    Kkkkkkkk kkkkkkkk shame indeed

  • @paulcassidy8130
    @paulcassidy8130 2 дні тому

    Regulation is a self reinforcing culture. Once you create a regulator with the power to create rules the instinct is never to consider the job done and to focus on reviewing and refining (and sometimes scrapping) the existing rules, it is always to find another "problem", then burden with business with consulting on it and then issuing a swathe of new regulations. Rinse and repeat. 20 years ago most financial services had prudential (i.e. solvency) regulation only. Concerns about customer outcomes were the domain of the market. Despite there being any obvious market failing, Gordon Brown created the Financial Services Authority which created rulebooks, euphemistically called handbooks, of mind blowing length and complexity. That needed an army of compliance officers at regulated companies to produce the evidence of compliance, since the system works not on the principle of innocent until proved guilty but the reverse, and the FSA, and now the FCA, needs an army of staff to conduct reviews, issue remedial plans etc. The cost is enormous not just in money spent but in time expended on dealing with this stuff rather than focussing on customer, product and innovation. To make matters even worse regulators, if the FCA is any guide (it just happens to be the one I know about) just expands its remit beyond the customer protection role derived from the Financial Services and Markets Act into the woke hobbyhorses of its executives and now tells companies to "diversify" their boards and employees to meet the FCA's manufactured DEI objectives. As was rightly observed at the end of the piece, the problem is fundamentally cultural. We have an out of control regulatory cadre and it's only going to get worse and worse until we have a government prepared to kill it.

  • @cynthiaforequity
    @cynthiaforequity 2 дні тому

    Geez. Kind of frightening. Musk is a scary man.

  • @meandego
    @meandego 2 дні тому

    ...or how rich businessman can extort and control governments...

  • @Burdetski
    @Burdetski 2 дні тому

    We should removed Blairs Human rights law from English Law

    • @john_mega
      @john_mega День тому

      just like your brain 14 years ago

  • @corinnefirket5738
    @corinnefirket5738 2 дні тому

    Jesus me! Beautiful example of self indulging conservatives and bla bla bla with a posh accent. Ah don’t forget: “not MY fault”

  • @RRose800
    @RRose800 2 дні тому

    He lying to you.

  • @smokeybacon10
    @smokeybacon10 2 дні тому

    Elon is the 🐐 the government hate him that's why you should support him ✝️

  • @disappointedenglishman98
    @disappointedenglishman98 2 дні тому

    Lord Frost lies here - the backstop was not dismantled - the Windsor Protocol is the backstop. Too much patting himself on the back for what was in fact BRINO.

  • @dhruvsangari2370
    @dhruvsangari2370 2 дні тому

    That’s not only illegal but also scary

  • @SlowhandGreg
    @SlowhandGreg 2 дні тому

    Brex1t was dead the day after the referendum when the EU started planning the CITY out of the EU and upgrading infrastructure in Ireland to bypass the land bridge You also expecting people under 50 who didn't vote for your sh1tsh0w to make themselves poorer, on demographics alone leave have long past having any sort of majority give the age of leave voters and they never had a majority in the working public those that would bear the brunt of the decision. No one over 60 should have been allowed to vote and it should have been extended to 16

  • @Faus4us_Official
    @Faus4us_Official 2 дні тому

    I wonder if this is what the briefing room for the discussion of the Final Solution to the Jewish Question sounded like.

  • @hansombrother1
    @hansombrother1 2 дні тому

    Wrong, we have socialism for rich people and capitalism for poor people.

  • @rickprince3765
    @rickprince3765 2 дні тому

    They are high altitude planes 22 miles high with light effect train it’s all ground base or cables just flip the switch magic show

  • @user-tu3tn1qj6x
    @user-tu3tn1qj6x 2 дні тому

    Go elon musk

  • @nohokie6232
    @nohokie6232 2 дні тому

    Loved the vid but why do Brit’s sound like they’re having an orgazim when the pronounce O

  • @northsouth2305
    @northsouth2305 3 дні тому

    Russian can

  • @dijonperry8286
    @dijonperry8286 3 дні тому

    Zero immigration now!!

  • @00000annaartur
    @00000annaartur 3 дні тому

    Please come back to british politics

  • @kennydejuwon4681
    @kennydejuwon4681 3 дні тому

    Let the children learn. May Good Bird Elon

  • @anthonygrayson7753
    @anthonygrayson7753 3 дні тому

    I reckon neither he, or Johnson actually read the TCA before they buggered off to a champagne bar to "celebrate" getting Brexit "done"! What a plank and what a disaster Brexit is!1😡

  • @cantacann
    @cantacann 3 дні тому

    The lady is so knowledgeable about trade that she does not even know Brazil is part of the Mercosur trade area🤦 She also uses pigs exports as a point of discussion and RR engines when 100% of airplanes are sold by only Airbus and Boeing and GE and others have a really tiny market share, how can that be a serious discussion about general trade. Not forgetting the real reasoning behind it:" they hate us". That's it.

  • @ralphbernhard1757
    @ralphbernhard1757 3 дні тому

    It doesn't take 25 minutes to explain that. *Empire made the British elites filthy rich,* and when it all came crashing down these elites invented the concept of the "tax haven," leaving the average British taxpayer to pull the cart out of the rut.

  • @advocate1563
    @advocate1563 3 дні тому

    Too late for us. We took ourselves + biz elsewhere. And regulation was one of the key factors. We realised we'd become form fillers in our 15 years running the company. The increase during the Tory regime was astonishing.