Lawson’s Hot and Cold Affair with the Institute of Economic Affairs

Lawson’s Hot and Cold Affair with the Institute of Economic Affairs
on

Nigel Lawson has also had a long history of association with the Institute of Economic Affairs (IEA). Margaret Thatcher, who promoted Lawson to the cabinet, was championed by the think tank. By happenstance, his last ever public appearance as the British chancellor was on an IEA platform where he defended his record in office.

But Lawson’s downfall was in large part caused by the IEA and its ideological adherence to free market economics. Lawson resigned in a protracted and hot tempered row about the Exchange Rate Mechanism with the then Prime Minister Margaret Thatcher because he had been sidelined in favour of the IEA’s Sir Alan Walters.

Decades later and Lawson returned to the political stage after being approached by David Henderson, an IEA trustee and now chairman of the academic advisory council of the IEA.

However, the recently deceased John Blundell had confirmed that when he served as director general of the IEA he turned Lawson away when asked if the GWPF could share its Lord North Street offices on the basis the charity was too political. Blundell was some time after this meeting humiliated and then deposed as DG in an unrelated power struggle while the relationship between Lawson and the IEA improved.

Related Posts

on

Matthew Lesh will be joining the Institute of Economic Affairs (IEA), a free market think tank which played a significant role in advocating for a "hard" Brexit and has criticised the government's approach to climate action as expensive and ineffective.

Matthew Lesh will be joining the Institute of Economic Affairs (IEA), a free market think tank which played a significant role in advocating for a "hard" Brexit and has criticised the government's approach to climate action as expensive and ineffective.
on

Since Monday, activists have racked up 585 arrests at protests in Washington, D.C., while pushing the President to declare a climate emergency ahead of international climate negotiations.

Since Monday, activists have racked up 585 arrests at protests in Washington, D.C., while pushing the President to declare a climate emergency ahead of international climate negotiations.
on

A new report finds that half of Canada’s oil and gas jobs could disappear by 2030 as the country presses on with a clean energy transition. But the federal and provincial governments are not doing enough to prepare workers for the change

A new report finds that half of Canada’s oil and gas jobs could disappear by 2030 as the country presses on with a clean energy transition. But the federal and provincial governments are not doing enough to prepare workers for the change
on

Responding to the analysis, Phil MacDonald, chief operating officer of Ember, said this was “exactly the kind of research that the UK government should be doing before it makes a decision on funding BECCS”. 

Responding to the analysis, Phil MacDonald, chief operating officer of Ember, said this was “exactly the kind of research that the UK government should be doing before it makes a decision on funding BECCS”.