Institute for Free Trade (@IFTtweets) header
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IFT is a private, not-for-profit, non-partisan research organisation making the intellectual & moral case for free trade. (RT≠endorse)

United Kingdom
Joined May 2017
Photo by Institute for Free Trade (@IFTtweets)Photo by Institute for Free Trade (@IFTtweets)Photo by Institute for Free Trade (@IFTtweets)Photo by Institute for Free Trade (@IFTtweets)Photo by Institute for Free Trade (@IFTtweets)Photo by Institute for Free Trade (@IFTtweets)
Replying to @DBTInvestment
@DBTInvestment Minister Lord Johnson gives a barnstorming speech in @UKParliament on the incredible potential benefits of a deeper #UK 🇬🇧- 🇲🇦 #Morocco trading relationship. Read the report here 👇👇👇 ifreetrade.org/?/publication
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🎓 The IEA’s Northern Schools Tour arrived in Edinburgh today for a conference at The Edinburgh Academy. Working with the Vinson Centre, our speakers explored Britain’s economic growth challenges, inequality, and the importance of liberty, choice and responsibility. Closer to home, students also heard about the challenges and opportunities within the Scottish economy. Another fantastic opportunity to engage students with the economic ideas shaping their future and hear their thoughtful questions and contributions. Thank you to everyone who joined us, and a special thanks to Ewen Stewart, Director of @iimr_buckingham, for speaking today!
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These students in Manchester were really bright, & it was great to engage with them about ideas that will affect their futures! Thanks for having us, Stretford Grammar, & for the other three schools in attendance. Bellow is an *excellent* banner from the room we were using. 👏 📚
🎓 The IEA's Northern Schools Tour kicked off today at Stretford Grammar School in Manchester, joined by students from three other local schools. Working with the Vinson Centre, our speakers explored economic growth, international trade, inequality and economic crises with students. A great opportunity to take economics beyond the classroom and encourage the next generation to engage with the ideas shaping our economy. 📍 Next stop: Newcastle.
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1.7K likes.
Capitalist bans mean nothing to a revolutionary. Last I checked, proletarian revolution was NEVER legal. They can ban our symbols, our ideology, our history; even imprison and torture us; but that's not new, it's merely the agonal breathing of late stage capitalism.
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💷 As featured in today's Sunday Express: funding the Government's social care plans through income tax could push the basic rate to 22.25% 🔹 £35k: +£505 a year 🔹 £40k: +£617 a year 🔹 £45k: +£730 a year 👇
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📰 IEA analysis leads today’s Sunday Express: Funding the Government’s National Care Service through income tax could cost someone earning £40,000 an extra £617 a year 👇
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Public support for trade, defence and freer movement between Canada, Australia, New Zealand and the UK is growing rapidly. Our four nations have tremendous potential as one alliance. Now is the time to explore the endless opportunities of CANZUK. 🇨🇦🇦🇺🇳🇿🇬🇧
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This is great news. But why are we then aligning to the very regulatory system on SPS opposed violently by all its members?
From today, the UK is now a full member of one of the world’s largest free-trade partnerships. This will open the door to new customers, contracts & investment for British businesses. We are backing UK firms to take full advantage. gov.uk/government/news/uk-se… gov.uk/government/news/uk-se…
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This is right up there with the Nick Clegg “new nuclear power wouldn’t be available until 2022” classic as an example of how Lib Dem NIMBY-ism has terrible real-life consequences.
The need for the proposed Abingdon mega-reservoir is far from proven, and the environmental impacts of such a project don't seem to have been accounted for. This project must be halted, immediately.
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This is very positive news! These things have plagued procurement processes and ensured that the public has not been getting the best businesses for the particular job.
🚨 NEW: Andy Burnham has scrapped many procurement rules for Government contracts Businesses will no longer need to prove they are tackling issues like net zero and domestic abuse, only that they create jobs, develop skills and offer young people placements
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UK Civil Service salaries never cease to confuse me, you can either help manage the UK’s nuclear defence for £47k or you can make TikToks for Andy Burnham for £57k
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🇬🇧🇺🇸 Britain is around 40% poorer per person than America, but why? We still haven't recovered from the financial crash. Austerity doesn't explain it: the US took a similar approach. So what does? Banking regulation, says Tyler Goodspeed 👇
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If you’re on £49,999 a year with a student loan, then a £32k a year rent saving is the same as being on a £125k a year pre-tax wage.
Cut-price rents for social housing can be worth £32k a year - with no means testing once you are in the home
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💷 "We ban North Sea oil exploration, but import North Sea oil from Norway." @mattwridley on the absurdity of the UK's energy policy, we're not cutting emissions, we're just exporting them at higher cost and higher carbon footprint. Read more ⬇️
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📣 Today we launch Economic Affairs. A new daily platform bringing together Britain's best free-market economists, writers and thinkers. The case for freedom and prosperity, made every day. Subscribe now👇
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Welcome to Economic Affairs - the new Substack from @iealondon. It was an honour to be asked by @DanielJHannan to edit what I hope will be Britain's leading site for free-market commentary - more vital than ever! We've an exciting array of writers coming up, so give us a read.
📣 Today we launch Economic Affairs. A new daily platform bringing together Britain's best free-market economists, writers and thinkers. The case for freedom and prosperity, made every day. Subscribe now👇
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This is, perversely, good news for Britain, Australia, Japan, Europe, and other countries being cut off that would once have seen themselves as close allies of the United States. It shows us what the future may hold if AI is the strategically and economically decisive technology of the 21st century and is controlled by the US and China. It is good news because *it may be happening early enough to give us time to act.* I think this will be rescinded pretty soon, but it’s a sign of things to come. In a future where frontier models cannot be used outside the US, our industries and economies will fall behind and American businesses may not be able to operate overseas. We won’t be able to defend ourselves militarily with defence systems built on obsolete software. Europe 2031 is a good scenario of what a future like this could mean: europe2031.ai Some of the things we need to do are ‘no regrets’ measures we should do anyway. But some are genuinely costly and risky. We need cheap electricity – powered by gas, coal (this is costly, coal is very bad), deregulated nuclear fission – whatever can provide *cheap, reliable, 24/7* power. This almost certainly excludes wind power, which is enormously expensive and unreliable. We need projects to be able to connect to the grid in days rather than years by paying for fast-track connections. We need to make it incredibly easy to build data centres, with the property taxes retained locally and hypothecated for local tax cuts so there is some direct benefit for locals. This doesn’t need to be nationwide. We need to create new regulatory regimes for innovative businesses that give them the right to hire and fire staff with ease. The difficulty and cost of firing staff is one of the main reasons Europe has fallen behind so badly. We need to create a parallel employment regime that companies and workers can opt in to: worksinprogress.co/issue/why… Even though I think it will probably fail, I think we should probably try to create a good, non-American frontier AI lab. I am quite pessimistic about this – even extremely well-resourced, innovative software companies are struggling to do this. But the stakes are so high that not trying seems foolish. One thing that might work in our favour is the number of brilliant AI engineers who are not US citizens, who under the current export controls do not have access to Mythos/Fable even if they live and work in the US. What happens to Demis Hassabis, Ilya Sutskever, Andrej Karpathy, and the many other Europeans, Canadians, etc who are working on AI models in Britain and America who are affected by this? I do not think we should force our own companies to use model, because this would exacerbate their economic weakness – this lab should have to compete on an even playing field. I am deeply sceptical that this can work, but we cannot rule it out. If we do it, it has to be able to pay US salaries, operate without political constraints. worksinprogress.co/issue/how… It is cope to tell yourself that Trump is an aberration or that these export controls are a one-off. To repeat, I think these specific controls will be lifted quickly and it will be easy to move on and forget it happened. But this is a look into a potential future. Every one of us that is not a US citizen is at risk. The standard political divides do not apply here; the question is whether you grasp the enormity of AI as a technology. We have to act!
The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees. The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance. Access to all other Claude models is not affected. We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible. Read our full statement: anthropic.com/news/fable-myt…
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Bookmark this
Today we've renationalised the UK's largest train operator. Passengers will see fewer last-minute cancellations, cleaner toilets and more services to Gatwick Airport. We are building Great British Railways. 🇬🇧🚆 lbc.co.uk/article/govia-tham…
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.@POTUS: "Honoring the British King might seem an ironic beginning to our celebration of 250 years of American independence — but in fact, no tribute could be more appropriate. Long before Americans had a nation or Constitution, we first had a culture, a character, and a creed. Before we ever proclaimed our independence, Americans carried within us the rarest of gifts: moral courage, and it came from a small but mighty kingdom from across the sea."
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What a great fit. He’ll be superb and fight the cause of free trade and free markets valiantly. The IEA’s gain is our loss! 🥲 Good luck @DanielJHannan
🗣️ We are delighted to announce that @DanielJHannan will be joining us as our new Director General. "The IEA set Britain free. When it was founded in 1955, there was a consensus in favour of high spending, industrial management and economic planning. Ralph Harris and Arthur Seldon showed people what was wrong with those ideas, and thus unleashed the genius of our nation. We face a similar challenge today. Public spending and taxation are higher now than they were in 1955. We are back to the fatal conceit, the idea that politicians, bureaucrats and planners know best. Just like the IEA's founders, we need to change people's minds, to open people's eyes. The route to national prosperity, now as then, is through deregulation, free trade, sound money and low spending. It's not just the politicians we need to convince; it's not even primarily the politicians. When voters understand the case for smaller government, MPs follow. I am so grateful to every one of my predecessors, from Ralph Harris, who inspired me as a teenager, to David Frost, whom I am proud to call my friend. They kept the flame burning. Now it is time to heap up the fire." — Lord Hannan of Kingsclere, incoming Director General of the IEA, from 1 June 2026.
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It is time to rectify our own self-harming legacy of gesture-politics, pushing Net Zero and protected characteristics, plus more recent legislative misadventures in education, employment, housing and public law. This also means we should move on from the platitudes of levying taxes on, or withdrawing benefits from, those not on our team, instead turning public healthcare from a liability into an asset; reversing the bloat in the national balance sheet accumulated over the last century; reforming state pensions; and instituting land-use reform. The @ASI has joined with the @IFTtweets and @HJS_Org in an unprecedented collaboration to address these problems, by jointly publishing ‘Sovereignty without Illusion’. ✍️Miles Saltiel capx.co/its-time-to-regain-o…
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