IMF fuel subsidies are not what they seem – Sam Bowman writes for the Daily Telegraph

Deputy Director Sam Bowman writes for The Daily Telegraph:

The International Monetary Fund (IMF), which usually restricts itself to bailing out indebted eurozone countries, has released a paper claiming that more than five trillion – yes, trillion – dollars is spent annually in subsidies for the fossil fuel industry.

At least, that’s how it was reported by most of the media. When you read the report, it becomes clear pretty quickly that the IMF’s definition of a subsidy is a little different from everyone else’s.

Read the full article here.

Sam Bowman’s comments on UK housing prices feature in The IBTimes

Sam Bowman’s comments on UK house prices featured in The International Business Times:

One person who does not believe it is a bubble is Sam Bowman, deputy director of the Adam Smith Institute. He said: “It’s not a bubble. Values are so high because of restrictions on construction. Prices are higher than they would be if there was more building taking place, so it’s not the market that has got it wrong, it’s an issue of policy.”

Read the full article here.

ASI comments on UK net migration figures feature in The Telegraph

Deputy Director Sam Bowman’s comments on EU immigration to the UK features in The Telegraph:

Adam Smith Institute welcomes the findings. Sam Bowman says:

Today’s immigration figures – the highest on record for immigrants from the EU – are good news for Britons. The vast majority of these immigrants are here for work or study, and the bulk of the evidence suggests that EU immigrants pay more in taxes than they cost the state in spending. The fact that these immigrants are voting with their feet to come to the UK is a big vote of confidence in the British economy.

 Read the full coverage here. 

ASI comments on UK net migration figures feature in CityAM

Deputy Director Sam Bowman’s comments on EU immigration to the UK features in CityAM:

“Today’s immigration figures – the highest on record for immigrants from the EU – are good news for Britons. The vast majority of these immigrants are here for work or study, and the bulk of the evidence suggests that EU immigrants pay more in taxes than they cost the state in spending. That means less borrowing and lower taxes,” said Sam Bowman, deputy director at free market think tank the Adam Smith Institute.


“They bring new skills to the economy and there is some evidence that they create opportunities for low-skilled natives to move into more highly-skilled work.”

Madsen Pirie writes for The Times on EU subsidy of rapeseed

ASI Madsen Pirie writes The Times’s Thunderer column on how EU subsidies of rapeseed add to the nation’s hayfever:

By careful breeding, Canadian scientists produced a low acid version. Rapeseed was transformed, and spread rapidly across Britain, changing the look of the spring landscape with its lurid yellow flowers. Its UK production soared from about 1,000 tonnes in 1970 to more than two million tonnes in just a few years.

It was not the crop itself that made it a farmers’ favourite but the EU subsidy paid to those who planted it. The EU paid cash not for the crop that resulted but to fund the seeds and planting. It was a bonanza for landowners.

Read the full article here.