Category: Press Releases

  • PRESS RELEASE : IEA Director General responds to the Prime Minister’s resignation [October 2022]

    PRESS RELEASE : IEA Director General responds to the Prime Minister’s resignation [October 2022]

    The press release issued by the IEA on 20 October 2022.

    Mark Littlewood, Director General at free market think tank the Institute of Economic Affairs, said:

    “I’m very sorry the PM’s efforts to move the U.K. in a pro-growth, low-tax, pro-enterprise direction has failed. She had a difficult hand to play, but she also played the hand badly. However, her successor will face the same problems she did. I hope they share her analysis, but they will also need to display an ability to deliver on serious reform”

  • PRESS RELEASE : Government’s strikes bill unlikely to ward off next round of industrial action [October 2022]

    PRESS RELEASE : Government’s strikes bill unlikely to ward off next round of industrial action [October 2022]

    The press release issued by the IEA on 20 October 2022.

    Commenting on the introduction of the Transport Strikes Bill, Professor Len Shackleton, labour market expert at free market think tank the Institute of Economic Affairs, said:

    “This Bill has been promised for three years but despite its general intention, it is still unclear how the obligation to provide a minimum service will be determined, how the conflicting needs of different groups of customers will be reconciled and how the plan will be proof against inevitable legal challenges.

    “A further period of consultation will take months, if not years, and is likely to fall foul of a general election. This effort appears to be a box ticking exercise to show that at least one government commitment has been met.

    “The Department for Transport has form with putting off decisions: it has still not spelt out what shape Great British Railways will take, again something which should have been decided at least two years ago. The main lines of the Williams-Shapps report had been laid out well before it was published.

    “This dilatoriness is also found in the Department’s response to the continuing strikes. Even were this Bill magically to achieve its objective in time for the next round of strikes, the public would not be satisfied with a 20 per cent service, no doubt conducted by an uncooperative staff.

    “No real attempt is being made to reach a definitive settlement and the government seems content to let industrial action drag on until Christmas. Meanwhile the prospect of achieving an efficient modern railway system worsens by the week, as revenues fall through the floor and more and more customers decide that they can live without trains.”

  • PRESS RELEASE : Bank of England must act urgently to bring inflation down [October 2022]

    PRESS RELEASE : Bank of England must act urgently to bring inflation down [October 2022]

    The press release issued by the IEA on 19 October 2022.

    Commenting on the latest ONS inflation data, Christopher Snowdon, Head of Lifestyle Economics at free market think tank the Institute of Economic Affairs, said:

    “Double digit inflation in September is what was expected and it will get worse before it gets better. It is particularly concerning to see food and soft drink inflation at nearly 15 per cent.

    “In real terms, interest rates are currently at minus eight per cent. The Bank of England keeps saying that it will not hesitate to raise rates and yet it consistently does far too little far too late.

    “The two per cent target is laughable. This inflation is clearly not transitory. People will continue to see their salaries and savings eaten away until the Bank of England starts taking it more seriously.”

  • PRESS RELEASE : IEA Director General responds to Chancellor Hunt’s emergency statement [October 2022]

    PRESS RELEASE : IEA Director General responds to Chancellor Hunt’s emergency statement [October 2022]

    The press release issued by the IEA on 17 October 2022.

    Commenting on Chancellor Jeremy Hunt’s statement, Mark Littlewood, Director General at free market think tank the Institute of Economic Affairs, said:

    “The Energy Price Guarantee was always an unnecessarily expensive programme, representing perhaps the single biggest welfare scheme in British history. As many of us said at the time, it is absurd to subsidise wealthy households to keep heating their swimming pools. A more targeted approach from next year is warmly welcome and will save significant money.

    “There is a clear need to improve the government’s fiscal position to calm the gilt markets – it’s disappointing, however, that so much of the heavy lifting will come from higher taxes. The central lesson from this episode is that the government cannot keep living beyond its means.

    “The risk of raising taxes is that they put Britain back on the path towards a high tax, low-growth economy. As Goldman Sachs warned yesterday, higher corporate tax rates could deepen any forthcoming recession and ultimately damage the government’s fiscal position.

    “The Chancellor has said it was irresponsible to fund tax cuts through debt. However, we must also end the fiction that we can keep funding day-to-day public spending through debt forever more as well. The government may have abandoned much of the central tax elements of their growth strategy, but that makes it even more important to get on with regulatory reform.”

  • PRESS RELEASE : Residents urged to have their say over whether Babergh and Mid Suffolk District Councils should reduce council tax bills by up to 100% for those on low incomes [October 2022]

    PRESS RELEASE : Residents urged to have their say over whether Babergh and Mid Suffolk District Councils should reduce council tax bills by up to 100% for those on low incomes [October 2022]

    The press release issued by Babergh District Council on 13 October 2022.

    A public consultation is underway over a plan to cut council tax for the poorest households in Babergh and Mid Suffolk.

    The consultation, which runs from October 13 to November 24, asks for views on how the councils should run their Council Tax Reduction Scheme for 2023/24, and whether bills should be reduced by up to 100% for working age adults with the lowest incomes.

    Proposed changes will simplify the scheme for those on Universal Credit – particularly those with fluctuating monthly earnings – and a transitional protection scheme seeks to ensure that no one will be disadvantaged as a result.

    Responses to the consultation will inform a final recommendation to go to the councils’ cabinets ahead of any new scheme being introduced in April 2023.  Find out more on the Council Tax page of our website.

  • PRESS RELEASE : Shambolic Tory budget leaving mortgage payments ‘unaffordable’ – Murphy [October 2022]

    PRESS RELEASE : Shambolic Tory budget leaving mortgage payments ‘unaffordable’ – Murphy [October 2022]

    The press release issued by Sinn Fein on 21 October 2022.

    Sinn Féin MLA Áine Murphy has challenged the British Chancellor on his government’s shambolic mini-Budget that hiked mortgage payments for ordinary people.

    Speaking after writing to Jeremy Hunt, the Fermanagh/South Tyrone MLA said:

    “I have written to the British Chancellor on the untenable situation facing thousands of workers and families as a direct consequence of the economic chaos unleashed by the Tory government.

    “The disastrous actions of the Tories have had many ramifications, including soaring interest rates which has left many households facing serious financial difficulty this winter.

    “Through no fault of their own, these families face the prospect of unaffordable mortgage payments while future generations face being frozen out of any prospect of owning their own home as a result.

    “Given the fact that the spike in interest rates was caused directly by the British Government’s shambolic mini-budget and the economic turmoil which it provoked, I have urged Jeremy Hunt to act ensure hard-working and hard-pressed families don’t continue to suffer as a result.

    “What is required now is support for workers and families and for small businesses struggling with rising costs, an increase in funding for public services, support for public sector workers and a Windfall Tax on eye-watering profits of big energy company profits so that support can be directed into the pockets of ordinary people.”

  • PRESS RELEASE : Michelle O’Neill extends condolences at death of May Blood [October 2022]

    PRESS RELEASE : Michelle O’Neill extends condolences at death of May Blood [October 2022]

    The press release issued by Sinn Fein on 21 October 2022.

    Sinn Féin First Minister Designate Michelle O’Neill has expressed condolences following the death of May Blood.

    Michelle O’Neill said:

    “I am deeply saddened to learn that May Blood passed away today, and my immediate thoughts are with her wider family circle at this time.

    “May was a fearless and committed community and trade union activist, who always stood up for workers and families.

    “She never gave up on campaigning for equality and to secure fair pay and conditions for people in the workplace.

    “She was also a seasoned campaigner who worked hard over decades to bring communities together while championing integrated education, early years provision and supporting local business on the Greater Shankill.

    “We must all remember and acknowledge May’s important and valuable contribution to building lasting peace on our island through her work in the Women’s Coalition and in the talks leading up to the Good Friday Agreement.

    “Ar dheis Dé go raibh a hanam.”

  • PRESS RELEASE : Carlin welcome progress on extending Glider route into South Belfast [October 2022]

    PRESS RELEASE : Carlin welcome progress on extending Glider route into South Belfast [October 2022]

    The press release issued by Sinn Fein on 21 October 2022.

    Sinn Féin Councillor Ryan Carlin has welcomed progress on extending the Glider route into South Belfast following an announcement by Infrastructure Minister John O’Dowd.

    Councillor Ryan Carlin said:

    “I am delighted that progress is being made on plans to extend the Glider route into South Belfast, along the Ormeau Road and Saintfield and onwards to Carryduff.

    “Extending the Glider into South Belfast will give a significant boost to the area and give people a better connection to the city centre.

    “This has received huge support in the recent public consultation, and I look forward to seeing even more progress on this major project.

    “It’s crucial that residents and local businesses continue to be fully consulted and involved every step of the way throughout this process.”

  • PRESS RELEASE : Declan Kearney tells British Lords that Protocol must be built upon [October 2022]

    PRESS RELEASE : Declan Kearney tells British Lords that Protocol must be built upon [October 2022]

    The press release issued by Sinn Fein on 21 October 2022.

    Sinn Féin National Chairperson Declan Kearney has met with the British House of Lords Sub-Committee on the Protocol and reiterated Sinn Féin’s opposition to the NI Protocol Bill currently making its way through the Westminster parliament.

    The South Antrim MLA said:

    “As well as being a breach of International Law, The Protocol Bill which is progressing through Westminster is an affront to democracy. I reiterated that the majority of voters in the north voted against Brexit and to remain in the European Union.

    “The undemocratic imposition of Brexit is the direct cause of the political instability impacting now on the north, and of the total chaos engulfing the British system itself.

    “The political process here in the north is being undermined by the DUP whose actions are oblivious to the suffering of patients on our hospital waiting lists and families struggling with he cost of living crisis.

    “I made it clear to the committee members that Sinn Féin welcomes the recommencement of talks between the British Government and the European Union. We want the British Government’s past belligerence to be replaced by good faith engagement. However any prospect of that happening depends upon the existence of a cohesive, stable British government.

    “The next British prime minister needs to understand that the Protocol is widely supported throughout the north, particularly among business, farming and manufacturing who recognise the opportunities it provides to create jobs and investment.

    “As inflation continues to rise, and the current crisis takes hold across our economy, the Protocol must be built upon. I emphasised there is no credible alternative to the Protocol and that it must be allowed to work properly and continue to protect our economy. I told the committee it is absolutely indefensible for this negotiated mechanism to be used as a pretence for a refusal to restore the power sharing Executive.”

  • PRESS RELEASE : Council could ask for new powers to snub tax-avoiding companies [October 2022]

    PRESS RELEASE : Council could ask for new powers to snub tax-avoiding companies [October 2022]

    The press release issued by Adur and Worthing Borough Council on 14 October 2022.

    Businesses that legally avoid paying tax could be banned from winning Council contracts if the Government changed the rules, a report argues.

    A motion to be discussed by Worthing Borough Council calls on the Government to help it combat corporate tax avoidance and stamp out corruption in business by lifting local authority purchasing restrictions.

    Data from the Institute for Business Ethics suggests that since 2013, corporate tax avoidance has been the top concern of the British public when it comes to business conduct.

    Although current government rules allow councils to exclude supplier businesses for proven tax offences, the grounds for exclusion are fairly narrow and, in reality, rarely come into practice. The current restrictions also prevent the Council from specifying “responsible tax conduct” as a criteria which a business must meet to be awarded a contract.

    In response to these concerns, the Council will next week consider a fair tax motion involving an appeal to the Government to strengthen efforts to combat corporate tax avoidance, ensure fair competition for UK businesses small and large, and bolster efforts to drive out corruption.

    If agreed, the motion would also see the Council ask the Government for the power to require potential suppliers to prove they are of “responsible tax conduct” before they consider awarding them contracts. The Council would also be better able to refuse to engage in off-shore dealings when buying land and property, and could take action to ensure its contractors are paying tax properly.

    Cllr Jon Roser, who is proposing the motion, said:

    “Paying tax is often talked about as if it’s a burden – and it really shouldn’t be. Taxation helps to fund an array of vital public services, from education, health and social care to policing and defence. It helps to counter inequalities, and finances public spaces that everyone can benefit from.

    “Looking to the current cost of living crisis, it’s more significant than ever that we hold businesses to account and ensure that they’re paying their fair share. As a Council we should be leading by example, committing to transparency in our own taxes whilst calling on the Government to help us take action and ensure that businesses are acting fairly.”

    The fair tax motion will be proposed at a meeting of Worthing’s Full Council on Tuesday (18th October 2022).