Political Earthquake: How Realignment is Reshaping UK and US Politics | IEA Podcast

Note: The Institute of Economic Affairs (IEA) does not endorse or support any political candidate or party. This video is for educational purposes only. In this new In Conversation event, The Rt Hon James Cleverly MP, Conservative Party Home Secretary and leadership candidate, sits down with Tom Clougherty, Executive Director of the Institute of Economic Affairs, to discuss his vision for the future of the Conservative Party and the UK. Cleverly outlines his Thatcherite economic philosophy, emphasising the need for free markets, lower taxes, and reduced regulation to drive economic growth and prosperity. Throughout the discussion, Cleverly addresses key issues facing the UK, including housing affordability, welfare reform, and the challenges of an aging population. He argues for bold policy changes to increase housing supply, incentivise work, and create a more sustainable relationship between younger and older generations. Cleverly also shares his views on the importance of global engagement and the need to revitalise London's financial services sector. As a self-described "doer" inspired by Ronald Reagan's communication skills, Cleverly emphasises the importance of selling conservative values to a new generation. He advocates for a positive, optimistic approach to leadership that can inspire public support for necessary reforms. This conversation offers valuable insights into Cleverly's political philosophy and his vision for addressing the UK's most pressing economic and social challenges. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe

In this episode of the IEA Podcast, we delve into three critical topics shaping the UK's economic and social landscape this week. First, we explore the IEA's new publication "Denationalisation of Healthcare" with author Dr. Kristian Niemietz. The discussion examines the potential benefits of transitioning from the NHS to a social health insurance system, addressing concerns about disruption and emphasising the importance of patient choice and competition among providers. Next, we turn our attention to the Bank of England's recent monetary policy decisions. Our panel, featuring Tom Clougherty and Kristian Niemietz, analyses the implications of keeping interest rates at 5% and the continuation of quantitative tightening. The conversation highlights the divergent views between the official Monetary Policy Committee and the IEA's shadow committee, exploring the merits of different approaches to managing inflation and economic growth. Lastly, we tackle the controversial topic of the gender pay gap, prompted by Rachel Reeves' recent announcement of the "Invest in Women" taskforce. Ibrahim discuss the complexities behind pay gap statistics, challenging the narrative of widespread discrimination and examining the role of individual choices in shaping career outcomes. The conversation also touches on the broader implications of government intervention in labour markets and the potential unintended consequences of well-intentioned policies. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe

In this episode of the IEA Podcast, host Reem Ibrahim is joined by Tom Clougherty, Executive Director, and Kristian Niemietz, Editorial Director, to discuss pressing issues in UK policy. The conversation kicks off with an analysis of the Darzi report, which exposes deep-rooted problems within the NHS and the government's response to these challenges. The guests explore the limitations of the report and the need for more radical reforms to truly address the health service's issues. The discussion then shifts to the Labour government's controversial proposal to ban junk food advertising before 9:00 PM. Our experts examine the effectiveness of such measures in tackling childhood obesity and question the underlying statistics used to justify these policies. They also delve into the potential negative impacts on businesses and the broader implications for personal freedom. Finally, the podcast tackles the complex and often overlooked issue of pension reform. The guests discuss the sustainability of the current system, the misconceptions surrounding pension tax relief, and the long-term fiscal challenges facing the UK. They explore potential solutions to ensure a more stable and equitable pension system for future generations. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe

In this episode of the IEA Podcast, join host Reem Ibrahim as she engages in a thought-provoking discussion with Kristian Niemietz and Tom Clougherty on pressing issues shaping contemporary political discourse. The trio delves into the concept of 'vibes-based' politics, exploring how superficial appeal often overshadows substantive policy discussions, particularly in areas like price controls and ticketing regulations. The conversation then shifts to the complex world of trade unions, examining their historical role, current challenges, and potential future directions. Drawing from a newly published book by Len Shackleton, the panel offers fresh perspectives on union dynamics in both public and private sectors, challenging common misconceptions about free-market views on organised labor. Lastly, the podcast tackles the persistent and worsening housing crisis in the UK. Revisiting Alan Evans' prescient 1988 book "No Room!, No Room!" the guests discuss how many of the issues identified decades ago remain unresolved, if not exacerbated. They explore the political and economic factors contributing to the crisis, including the contentious role of green belts and the broader implications for intergenerational equity and political alignments. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe

In this episode of the IEA Podcast, host Reem Ibrahim is joined by Kristian Niemietz and Tom Clougherty to dissect recent political developments through a classical liberal lens. The panel critically examines Labour's controversial plan to ban smoking in outdoor areas, including pub beer gardens, questioning the justification and potential consequences of such nanny state interventions. They also delve into the implications of the Next equal pay dispute, highlighting the disconnect between economic reasoning and legal judgments in employment tribunals. The conversation takes a broader turn as the guests explore the shifting landscape of political ideologies. They discuss how traditional definitions of 'liberal' no longer apply in today's context, with both the left and right embracing forms of authoritarianism and interventionism. The panel contemplates the challenges faced by classical liberals in finding political allies and considers the potential for a new movement centered on freedom, dynamism, and progress. Throughout the episode, Niemietz, Clougherty, and Ibrahim offer insightful commentary on the erosion of personal freedoms, the unintended consequences of well-intentioned policies, and the importance of maintaining a commitment to free-market principles. Their discussion provides a nuanced perspective on current affairs, challenging listeners to think critically about the role of government in society and the future of liberal thought. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe

Join us for an engaging episode of the IEA Podcast as we delve into the rich history of the Institute of Economic Affairs and explore the enduring importance of freedom in today's world. Our panel, featuring Harrison Griffiths, Communications Manager, Reem Ibrahim, Communications Officer, and Matthew Lesh, Director of Public Policy & Communications, takes us on a journey through the IEA's impactful legacy and discusses how its principles continue to shape economic thought and policy. In this special farewell episode for Matthew Lesh, we examine the current state of freedom in the UK, addressing the challenges and opportunities facing advocates of liberty in modern Britain. Our panel shares valuable insights on the role of communications in disseminating ideas, the future of the free market movement, and the importance of developing optimistic narratives that address contemporary societal issues. From the foundational principles of classical liberalism to the practical applications of free market ideas in today's complex world, this episode offers a thought-provoking discussion on the power of voluntary exchange, the dangers of central planning, and the ongoing struggle to preserve and expand individual liberty. Don't miss this opportunity to gain a deeper understanding of the ideas that have shaped our economic landscape and continue to influence policy debates. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe

In this thought-provoking episode of the IEA Podcast, host Matthew Lesh and editorial director Kristian Niemietz are joined by Claire Fox, director of the Academy of Ideas, to discuss the complex interplay between free speech, misinformation, and recent UK riots. The conversation delves into the challenges of defining and addressing disinformation in the digital age, exploring how attempts to suppress speech can inadvertently fuel conspiracy theories and erode trust in institutions.The panel examines recent cases where individuals have faced legal consequences for offensive social media posts, questioning the balance between protecting free expression and maintaining public order. They debate the effectiveness of content moderation strategies, from government intervention to community-driven approaches like Twitter's "community notes" feature. The discussion also touches on the broader cultural shift away from free speech principles and the potential dangers of overreacting to perceived threats to democracy. Throughout the episode, Fox, Lesh, and Niemietz offer nuanced perspectives on the complexities of managing speech in the modern era. They consider the unintended consequences of well-intentioned policies and emphasize the importance of fostering a culture that values open dialogue and critical thinking. This episode provides listeners with a deeper understanding of the tensions between free expression and social harmony in contemporary society. We bring you a current affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe

In this episode of the IEA Podcast, hosts Tom Clougherty and Matthew Lesh are joined by Andrew Lilico, Executive Director & Principal of Europe Economics, to discuss the recent riots across the UK, monetary policy shifts, and financial market volatility. The conversation begins with an in-depth analysis of the factors behind the riots, exploring whether they reveal deeper issues in British society or if they're simply a result of opportunistic behaviour. The panel debates the role of social media, immigration policies, and the effectiveness of law enforcement in handling such situations. The discussion then shifts to the recent cut in interest rates by the Bank of England and its potential implications. Andrew Lilico, as co-chair of the IEA Shadow Monetary Policy Committee, offers valuable insights into the timing of this decision and whether it may be too little, too late. The podcast delves into the complexities of monetary policy, exploring the differing approaches of central banks and the potential consequences of their actions on inflation and economic growth. Finally, the panel examines the recent volatility in financial markets, discussing the factors behind the brief panic and subsequent rebound. They explore the interconnectedness of global economies, the impact of technological advancements like AI, and the challenges of predicting market crashes. The conversation concludes with a critique of fiscal rules and their effectiveness in managing government spending and debt. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe

In this episode of the IEA Podcast, we dive deep into the recent £20 billion "black hole" reported in the UK's public finances. Our expert panel, featuring Professor Len Shackleton, Editorial & Research Fellow, alongside hosts Matthew Lesh and Tom Clougherty, dissects the reality behind these figures and what they mean for the country's economic outlook. The discussion explores how this financial shortfall might impact future government spending and policy decisions. The conversation then shifts to the contentious issue of junior doctors' pay and the broader implications for public sector wages. Our panel examines the recent pay settlements, their potential consequences for productivity and efficiency in the NHS, and the delicate balance between fair compensation and fiscal responsibility. The role of unions in these negotiations is also scrutinised, with insights into how their influence might shape future labor market dynamics. Lastly, the podcast delves into the current government's plans for labour market regulation. The panel analyses proposed changes to minimum wage policies, employment rights, and sector-specific bargaining. They discuss the potential impacts of these reforms on businesses, workers, and the overall economy, offering a critical perspective on whether these changes align with the goal of promoting economic growth. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe

In this episode of the IEA Podcast, Dr. Stephen Davies, Senior Education Fellow, Harrison Griffiths, Communications Manager, and host Matthew Lesh, Director of Public Policy & Communications, delve into the complex landscape of political realignment in the UK and US. They explore how traditional left-right divisions are being reshaped by new cultural and economic fault lines, examining recent electoral shifts and their implications for the future of politics. The discussion covers a wide range of topics, from the transformation of the Republican Party under Trump to the challenges facing classical liberals in this new political environment. The guests offers analysis on the rise of populism, the changing nature of voter coalitions, and the potential long-term consequences of these shifts for economic and social policy. Dr. Davies provides a historical perspective on political realignments, while the panel debates strategies for promoting liberal ideas in an increasingly polarised landscape. They grapple with difficult questions about the future of free market economics, individual liberty, and the role of government in addressing societal challenges. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe