As the story goes, there are no free rides. The costs of each journey must necessarily be borne by someone. They can be broken down into three categories: the monetary…
Publications
America’s housing market is failing a growing share of households. Prices and rents are at record highs, and homeownership is steadily slipping out of reach for younger generations. In response…
UK government’s plans to track and de-risk its own ‘shadow debt’ show the costs of the Net Zero transition will be imposed directly onto businesses and consumers
Introduction The UK Budget papers of November 2025 acknowledge the funding models through which the government plans to increase the liabilities of UK taxpayers, beyond the government borrowing the money…
For more than two decades, the EU–Mercosur agreement remained out of reach—endlessly negotiated, periodically revived, and repeatedly declared dead. Since its launch in 1999, it has weathered financial crises, political…
The UK’s and EU’s Net Zero policies threaten to destroy their economies in the face of Trump’s oil-led US revival at US$50-per-barrel
Introduction The US is on the move and the geopolitical scenario has moved quickly away from the certainties of the last ten to fifteen years. Oil could come down to…
Few economic collapses in modern history have been as dramatic, prolonged, and devastating as Venezuela’s. Once the wealthiest country in Latin America, endowed with the world’s largest proven oil reserves,…
Introduction The UK government’s November 2025 Budget supplied ample corroboration of our report published by IREF in October 2025 (‘the report’), showing that the governing Labour Party plans to greatly…
The outbreak of COVID-19 in early 2020 led governments around the world to adopt an extraordinary set of Non-Pharmaceutical Interventions (NPIs), including lockdowns, school closures, limits on mobility, and border…
For decades, America’s dominance in technology has rested on a simple but powerful principle: permissionless innovation—the idea that individuals and companies are free to build and experiment without first seeking…
The widely circulated news that the EU is backtracking on the ban on selling cars with internal combustion engines in 2035 is greatly exaggerated. Rather than a U-turn, it’s more…

