Shadowy think tanks are a risk to the UK’s democratic integrity

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https://leftfootforward.org/2023/07/shadowy-think-tanks-are-a-risk-to-the-uks-democratic-integrity/

Tom Brake is the Director of Unlock Democracy which campaigns for real democracy in the UK, protected by a written constitution.

The connection between Truss and the IEA goes back a long way: according to Tim Montgomerie, the founder of Conservative Home, the IEA had “incubated” Truss – and her key ally, former chancellor Kwasi Kwarteng – when they were junior MPs. With their assumption of high office, Britain was to become a “laboratory” for the IEA’s ideas, he said.

Although Truss’ relationship with the IEA is remarkable for its extreme proximity, politicians being close to particular institutions is nothing new. Politicians often find themselves drawn to particular interests and ideas, and so will gravitate toward institutions that reinforce or augment their thinking.

There is no requirement, either, for think tanks to be transparent about the sources of their funding. In fact, for some, it is impossible to find out who their big donors are. A comparative assessment of the transparency ratings of various think tanks can be viewed here: Unlock Democracy has the highest rating of openness; the IEA, meanwhile, has the lowest rating.

Without being able to follow the money, we cannot hope to understand the interests (commercial or national) that may underpin donations to think tanks, or determine whether those giving money are based in the UK. While it is expected that any foreign funds are most likely to come from rich donors or corporations rather than foreign governments, these donors may still have very close links with a foreign government and seek to shape UK policy in line with the interests of those Governments. Without the data, we just don’t know.

If a think tank advocates for a more relaxed attitude to climate change, the public, the media and Ministers are likely to scrutinise their proposals more carefully if they can see that an oil company is one of its major donors. The same can be said for a think tank that opposes measures to cut smoking when a tobacco manufacturer contributes a significant sum to its budget. Without full transparency of funding – something which the Government has already committed to ensure for the tobacco industry but has not yet delivered – this scrutiny cannot be guaranteed.

https://leftfootforward.org/2023/07/shadowy-think-tanks-are-a-risk-to-the-uks-democratic-integrity/

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‘Fantastic’: What Truss’s allies said about budget that crashed UK economy

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https://www.opendemocracy.net/en/liz-truss-kwasi-kwarteng-mini-budget-think-tanks/

[Kwasi Kwarteng’s ‘mini-budget’] announcements were cheered on by a group of secretive think tanks closely connected to Liz Truss and her advisers. After years of lobbying, a Conservative government had finally adopted their proposals to scrap the top rate of income tax, remove the cap on bankers’ bonuses, shelve a planned rise in corporation tax, and pledge a fresh crackdown on unions.

The Adam Smith Institute, where Truss’s political secretary Sophie Jarvis was head of government affairs, said the plans were “a welcome first step to getting the British economy back on track”.

The mood was particularly buoyant at the Institute of Economic Affairs (IEA), whose director general Mark Littlewood greeted the announcement by claiming: “This isn’t a trickle-down budget – it’s a boost-up budget.”

None of the think tanks discloses its funders, but the IEA has received donations from BP and ExxonMobil and, along with the Adam Smith Institute and the Centre for Policy Studies, the tobacco industry. The IEA and the Adam Smith Institute have also received millions of dollars from US funders of climate denial.

Continue Reading‘Fantastic’: What Truss’s allies said about budget that crashed UK economy