PRESS RELEASE : IEA Director General responds to Rishi Sunak’s first speech as Prime Minister [October 2022]

The press release issued by the IEA on 25 October 2022.

Commenting on the speech made by Rishi Sunak, Mark Littlewood, Director General at free market think tank the Institute of Economic Affairs, said:

“The Prime Minister is right to recognise the scale of the economic challenges facing the country. While mistakes were made by the last administration, those mistakes were largely made in delivering the economic medicine, not in diagnosing the illness.

“The Prime Minister must resist calls for more of the same high-tax, low-growth, cheap money economics responsible for our long-term, low-growth economic malaise. I hope he shares his predecessors’ analysis of the many underlying structural problems in the UK economy and wish him every success in delivering the necessary remedies.”