As Britain prepares to re-negotiate its position in the European Union, with the possibility of a full withdrawal if negotiations are unsuccessful, we outline some of the key points for negotiators to focus on. Paradoxically, the UK might well end up with a better deal if it is willing to contemplate life ‘out’, as EU negotiators are likely to stick to their guns if the UK is determined to stay ‘in’.
Statistician John C. Duffy and ASI fellow Christopher Snowdon assess the Sheffield Alcohol Policy Model, used as the basis for the British and Scottish governments' calls for minimum alcohol pricing. They find that the model is deeply flawed, based on faulty premises and used to justify policy far beyond what it actually proves.
Sam Bowman argues that a 'living wage' can be secured by taking the poor out of tax, not by raising the minimum wage and risking creating unemployment.
Why the Financial Conduct Authority will not be fit for purpose and should be scrapped in favour of a strengthened consumer ombudsman.
Vuk Vukovic outlines the key deregulations that need to be made to kick-start small and medium business employment and spur on a jobs-led recovery.
Mikko Arevuo calls for a market-based alternative to bank regulation that puts executives on the line for bank failures by giving them a special class of share that makes them more liable for losses. By re-aligning incentives, other forms of bank regulation could be removed and a more stable financial system cultivated.
A new Adam Smith Institute briefing paper based on a YouGov poll commissioned by the Institute reveals that large majorities of the British public reject many aspects of the nanny state and prefer to make their own decisions.
Tim Ambler and Eamonn Butler review the government's plans to reform financial regulation, and argue for a more streamlined approach that does not inhibit competition by smothering new market entrants with costly regulatory requirements.
Politicians claim that a single government block is needed to safeguard children online. However, as Dominique Lazanski argues, this ignores the wide range of market-based solutions that already exist.
We need a real market for corporate control, argues Elaine Sternberg. Private firms may have good reason to pay their executives highly, and shareholder sovereignty should be protected. The most important thing the government can do is to remove state restrictions on shareholder power — and stop meddling in how private companies are run.