IEA Podcast

Institute of Economic Affairs
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The Institute of Economic Affairs podcast examines some of the pressing issues of our time. Featuring some of the top minds in Westminster and beyond, the IEA podcast brings you weekly commentary, analysis, and debates. insider.iea.org.uk

  1. 1 DAY AGO

    Rejected to Relentless: Simon Krystman’s Entrepreneurial Rise

    The latest event in the Entrepreneurial Minds series brought together entrepreneur and mentor Simon Krystman in conversation with Lord Kamall for a wide-ranging discussion on entrepreneurship, innovation and the realities of building businesses. Designed to give aspiring founders and those interested in enterprise an honest insight into entrepreneurial journeys, the event explored the motivations, risks and lessons that shape successful ventures. Through an informal interview format followed by audience questions, attendees heard first-hand reflections on decision-making, resilience and the importance of learning through both success and failure. Krystman reflected on his unconventional route into entrepreneurship, challenging the assumption that entrepreneurs are simply “born” with innate talent. Drawing on early experiences founding a technology business in the 1990s, he described the risks of leaving secure employment with little preparation, the setbacks encountered when initial ideas proved unworkable, and the rapid pivot that ultimately enabled growth. The discussion highlighted practical themes including idea validation, customer demand, scaling challenges and the distinction between enjoying entrepreneurial creation versus managing large organisations. The conversation broadened into wider policy and social questions, including regulation, access to investment, community entrepreneurship and the cultural attitudes that shape innovation ecosystems. Audience discussion touched on philanthropy, local enterprise initiatives and comparisons between British and American approaches to risk and failure. Krystman emphasised mentorship and evidence-based validation as critical tools for founders, arguing that understanding customer need, rather than pursuing investment alone, remains the central determinant of entrepreneurial success. The Institute of Economic Affairs is a registered educational charity. It does not endorse or give support for any political party in the UK or elsewhere. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The views represented here are those of the speakers alone, not those of the Institute, its Managing Trustees, Academic Advisory Council members or senior staff. 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

    1h 4m

  2. 4 DAYS AGO

    Reform, Net Zero Madness & the Social Media Ban: Are Politicians Completely Out of Touch?

    Lord Frost and energy analyst Andy Mayer join host Callum Price to dissect Reform UK’s latest economic pitch, weighing up Richard Tice’s proposals for a Great Repeal Act and a sovereign wealth fund built from public sector pension pots. While the panel finds much to welcome in Reform’s supply-side instincts, including scrapping the net zero legal target and reopening the North Sea, they warn that the plan contains a fundamental contradiction: you cannot credibly promise to burn red tape whilst simultaneously reaching for tariffs, protectionism, and “Buy British” mandates. The conversation turns to energy bills, where Andy Mayer delivers a forensic takedown of the Government’s claim that falling prices represent genuine progress. He argues that shifting green levies from household bills onto general taxation is an accounting trick, not a saving, and that forcing vast amounts of renewables onto an already strained grid is making energy both more expensive and less reliable. The panel agrees that without a serious commitment to nuclear power and a halt to the clean power drive, the UK risks sleepwalking into an energy crisis of its own making. The episode closes with a pointed debate on the Conservative Party’s push to ban social media for under-16s, with both guests pulling no punches. They argue that exploiting bereaved parents at a press conference to push poorly evidenced legislation is cynical and reckless, that hard cases make bad law, and that banning children from the internet does nothing to address the real causes of poor mental health. The broader concern, as Lord Frost puts it, is a political class that simply does not trust ordinary people to think for themselves. The Institute of Economic Affairs is a registered educational charity. It does not endorse or give support for any political party in the UK or elsewhere. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The views represented here are those of the speakers alone, not those of the Institute, its Managing Trustees, Academic Advisory Council members or senior staff. 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

    42 min

  3. 5 DAYS AGO

    The Student Loan Trap: Why the System is Broken (And How to Fix It)

    Your student debt keeps growing even as you pay it off. Sound familiar? Callum Price breaks down why the student loan system is failing students, taxpayers, and universities alike, and why tinkering with interest rates will never be enough. The real problem is that universities are paid to recruit students, not educate them, creating a system with completely misaligned incentives. The solution requires genuine structural reform: make universities financially responsible for the degrees they offer. If universities had to fund degrees themselves, they would have a real incentive to ensure graduates land well-paying jobs. Lift the tuition fee cap, allow proper market competition, and let third-party funders into the space. But fixing universities alone is not enough. The Government’s Employment Rights Act, National Insurance hikes, and minimum wage increases are making it harder and more expensive for businesses to hire young people. Until that changes, even the best-educated graduates will struggle to find the jobs that make their degrees worthwhile. The Institute of Economic Affairs is a registered educational charity. It does not endorse or give support for any political party in the UK or elsewhere. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The views represented here are those of the speakers alone, not those of the Institute, its Managing Trustees, Academic Advisory Council members or senior staff. 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

    7 min

  4. 23 FEB

    Why Net Zero Is Failing Britain

    Lord Frost, IEA Director General, joins energy analyst Kathryn Porter, author of the IEA’s landmark new report “Just Stop Oil?”, for a wide-ranging discussion on why oil and gas remain indispensable to modern life. Porter argues that the entire premise of the “just stop oil” movement is born from privilege, ignoring the fundamental role hydrocarbons play in medicine, agriculture, and technology. From hospitals built on petrochemicals to Sri Lanka’s fertiliser disaster, the case against abandoning fossil fuels is forensically made. The conversation shifts to Britain’s North Sea, where both speakers argue the Government is actively sabotaging a domestic resource. Porter warns that without domestic extraction, Britain will simply pay Norway to sell its own oil and gas back to it, while importing higher-carbon hydrocarbons from elsewhere at a net fiscal loss. Frost reflects on why this “collective madness” has gripped Western governments simultaneously, and what forces may finally be turning the tide. Rounding off the discussion, Porter outlines a looming gas supply crisis, the fragility of energy interconnectors with Europe, and why energy nationalism is not just predictable but legally and politically inevitable. Both speakers see signs of a shifting debate, with the IEA’s own research receiving greater media traction than ever before. The supertanker, they suggest, may finally be beginning to turn. The Institute of Economic Affairs is a registered educational charity. It does not endorse or give support for any political party in the UK or elsewhere. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The views represented here are those of the speakers alone, not those of the Institute, its Managing Trustees, Academic Advisory Council members or senior staff. 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

    1h 9m

  5. 20 FEB

    We Had a Great Economy. Then We Wrecked It. | IEA Podcast

    In this Institute of Economic Affairs podcast, Director of Communications Callum Price is joined by IEA Director General Lord Frost and Editorial Director Kristian Niemietz to discuss the week’s major economic and political developments. The conversation opens with Robert Jenrick’s debut economic policy speech as Reform’s Treasury spokesperson, examining whether it marks a serious shift towards credible fiscal conservatism or a watered-down pitch to reassure the bond markets. The panel then turns to two conflicting data releases: rising unemployment, with the rate hitting 5.2% and youth unemployment now above the European average, against a stronger-than-expected January public sector surplus of £30 billion. Lord Frost and Niemietz debate what these figures reveal about the impact of the Employment Rights Bill and the Government’s broader economic approach, including the possibility of a U-turn on the youth minimum wage. The discussion also covers whether Britain has quietly surrendered its long-standing advantage of a flexible, low-unemployment labour market. The episode closes on a data integrity scandal: child poverty figures have been found to be based on significantly under-reported benefit income, with a gap of up to £44 billion between what people said they received and what the DWP actually paid out. Niemietz argues this is a long-standing and predictable problem with self-reported income data, and that relative poverty measures are a fundamentally flawed basis for policy anyway. The Institute of Economic Affairs is a registered educational charity. It does not endorse or give support for any political party in the UK or elsewhere. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The views represented here are those of the speakers alone, not those of the Institute, its Managing Trustees, Academic Advisory Council members or senior staff. 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

    40 min

  6. 17 FEB

    Are Student Loans Mis-Sold? | Peter Ainsworth

    Student loans are broken. Peter Ainsworth, author of the IEA’s “Shares in Students” paper, joins Callum Price to explain why the current system fails everyone involved. Graduates face ballooning debts that never shrink despite years of payments, whilst the Government estimates losses of £10 billion per year on current loans. Universities receive guaranteed funding regardless of whether students get good jobs, creating perverse incentives that harm outcomes. Peter argues that student loans are fundamentally mis-sold to young people, with websites obscuring the reality of £50,000 debts and compound interest. Middle earners are trapped in a psychological nightmare, whilst low earners carry “fantasy loans” and high earners pay theirs off quickly. The system subsidises universities rather than students, with humanities students cross-subsidising expensive STEM courses despite lower expected earnings. The solution? Abolish the Office for Students, allow universities to lend directly to students, and save taxpayers an estimated £200 billion. This is a broken system that needs radical reform. The Institute of Economic Affairs is a registered educational charity. It does not endorse or give support for any political party in the UK or elsewhere. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The views represented here are those of the speakers alone, not those of the Institute, its Managing Trustees, Academic Advisory Council members or senior staff. 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

    20 min

  7. 13 FEB

    You're Getting Poorer: Here's Why the GDP Figures Prove It | IEA Podcast

    In this Institute of Economic Affairs podcast, host Callum Price speaks with Lord Frost, Director General, and Kristian Niemietz, Editorial Director. The conversation examines the latest GDP figures showing 0.1% growth in the final quarter of 2024, with GDP per capita falling for the second consecutive quarter. They discuss why Keir Starmer's celebration of these figures misses the point that people are not actually getting richer, and how Labour's Employment Rights Act and tax rises have contributed to economic stagnation.The discussion turns to whether any political party has a credible growth strategy, criticising the Liberal Democrats' proposal to split the Treasury and relocate part of it to Birmingham as "cargo cult economics". They examine Andy Burnham's economic thinking, including his views on electoral reform and nationalisation, questioning whether his prescriptions would actually lead to the stability and growth he promises. The conversation also covers why proportional representation might create less political stability rather than more, and the persistent problem of "rich country syndrome" where Britain maintains the political discourse of a prosperous nation despite 15 years of stagnation.The podcast concludes with debates on water nationalisation, examining why the sector lacks genuine competition and whether state ownership would solve fundamental problems of investment and infrastructure. They discuss the parallels with the NHS's short-term investment failures, the planning system's role in preventing reservoir construction despite Britain being one of the wettest countries in the world, and a bizarre Supreme Court ruling banning the use of the word "milk" for plant-based products.The Institute of Economic Affairs is a registered educational charity. It does not endorse or give support for any political party in the UK or elsewhere. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.The views represented here are those of the speakers alone, not those of the Institute, its Managing Trustees, Academic Advisory Council members or senior staff. 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

    49 min

  8. 9 FEB

    Wealth Tax Exposed: Do Rich People Really Want Higher Taxes?

    The IEA’s Kristian Niemietz joins Callum Price to dissect the Patriotic Millionaires campaign and their push for wealth taxes. Survey evidence shows millionaires support higher taxes on themselves, but is this genuine commitment or virtue signalling? Niemietz examines the gap between stated preferences and revealed preferences, exploring why talk is cheap when there’s no real cost to supporting a tax that may never happen. The conversation challenges the claim that millionaire support for wealth taxes proves they won’t have negative behavioural effects. Even if wealthy individuals approve of taxation in principle, Niemietz argues they still respond to tax incentives in practice, just as shoppers react to VAT without making philosophical statements. He dismantles Gary Stevenson’s appeal to authority and explains why making money from binary bets doesn’t validate broader economic theories. Whether progressive taxation advocate or free market sceptic, this episode offers a critical examination of wealth tax campaigns and the disconnect between what people say they support and how they actually behave when faced with real economic incentives. The Institute of Economic Affairs is a registered educational charity. It does not endorse or give support for any political party in the UK or elsewhere. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The views represented here are those of the speakers alone, not those of the Institute, its Managing Trustees, Academic Advisory Council members or senior staff. 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

    19 min
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About

The Institute of Economic Affairs podcast examines some of the pressing issues of our time. Featuring some of the top minds in Westminster and beyond, the IEA podcast brings you weekly commentary, analysis, and debates. insider.iea.org.uk

Information

  • Creator
    Institute of Economic Affairs
  • Years Active
    2017 - 2026
  • Episodes
    326
  • Rating
    Clean
  • Copyright
    © Institute of Economic Affairs
  • Show Website
    IEA Podcast

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