Beware the secretively-funded IEA on UK-US trade deal

The organisation has courted US donors and argued for the shredding of regulations.

With Donald Trump in town, broadcasters have a huge demand for ‘experts’ who can discuss a potential UK-US trade deal.

A secretively-funded group called the Institute of Economic Affairs (IEA) seems more than happy to oblige.

This morning, the IEA’s director Kate Andrews was on Radio Four and later the organisation’s trade director Shanker Singham was on Sky News arguing in favour of a trade deal.

So who are the IEA? They describe themselves as a think tank. Their name is bland and technocratic and their donors are secret.

But an investigation by Greenpeace’s Unearthed unit last July uncovered that they were trying to shape the UK’s Brexit and trade policy and court US donors.

Undercover reporters saw the IEA’s director-general Mark Littlewood tell a room full of US businessmen that Brexit offered the opportunity to “shred” EU regulations as he appealed for their help.

Littlewood made the comments on a 13-stop US tour which he described as “lucrative” and on which he sought donations for the IEA – which are not declared.

The undercover reporters were told that Singham in particular is very well-connected within government.

“I’m telling you, that dude has access,” said Michael Carnuccio, the the head of an Oklahoma-based think tank who agreed to raise thousands of dollars for the IEA, mainly from US donors with agribusiness interests.

Carnuccio said he told potential donors that Singham’s access and influence was a reason they should donate.

US food standards are often lower than the UK’s and EU’s so there is a fear that a trade deal could make the UK’s food more unhealthy – with chicken washed in chlorine for example.

After Greenpeace’s revelations, Labour’s John Trickett wrote to the Charity Commission asking them to look into the IEA’s charitable status.

The charity commission did investigate and described the allegations as “serious”.

In February 2019, the charity commission issued an official warning against the IEA after finding its trustees breached charity law over a Brexit report authored by Singham.

The IEA have denied all wrongdoing. A spokeswoman told Greenpeace: “Prospective donors and a fellow think tank see benefits and mutual interests in making the case for free markets and prosperity in which we all have a vested interest.”

As you’re here, we have something to ask you. What we do here to deliver real news is more important than ever. But there’s a problem: we need readers like you to chip in to help us survive. We deliver progressive, independent media, that challenges the right’s hateful rhetoric. Together we can find the stories that get lost.

We’re not bankrolled by billionaire donors, but rely on readers chipping in whatever they can afford to protect our independence. What we do isn’t free, and we run on a shoestring. Can you help by chipping in as little as £1 a week to help us survive? Whatever you can donate, we’re so grateful - and we will ensure your money goes as far as possible to deliver hard-hitting news.

7 Responses to “Beware the secretively-funded IEA on UK-US trade deal”

  1. Tom Sacold

    The real worry is the way rightwing Labour Blairites are pushing for more integration with the neoliberal capitalist club of the EU.

  2. Jim Denham

    Oh dear oh dear: another anti-EU fanatic ignoring the ultra-right de-regulation project that is Brexit and whittering on instead about “the neoliberal capitalist club”. Tom probably believes in that fantastical unicorn of self-delusion known as “Brexit” and reads the Morning Star.

  3. Tom Sacold

    The EU Single Market – the clue is in the name.

    The EU will never allow real socialist policies to be implemented within their neoliberal market based system. The EU is run for the benefit of the multinational corporations based in the EU, not the workers.

  4. Patrick Newman

    I am not sure what they include in “Affairs” but the IEA is neither an institution nor is it concerned with economics. It is primarily a political lobby group probably funded by the American Alt-Right with the purpose of supporting an extreme form of laissez-faire free market ideology. Mainstream media organisations should not treat them as ‘experts’ but as political lobbyists – describing them as a Right-wing pressure group. The same goes for the Adam Smith Institute and the Taxpayers Alliance!

  5. Michael Fitchett

    When I come to Mark littlewood’s column in The Times, I make a point of no reading it, because I know what he will say.

  6. Taxpayers Alliance calls for "spending restraint" to pay off coronavirus debt | Left Foot Forward

    […] is one of nine think tanks linked to an address in London’s Tufton Street. These include the Institute of Economic Affairs (IEA) and the climate-change denying Global Warming Policy […]

  7. Taxpayers Alliance calls for “spending restraint” to pay off coronavirus debt – LeftInsider

    […] is one of nine think tanks linked to an address in London’s Tufton Street. These include the Institute of Economic Affairs (IEA) and the climate-change denying Global Warming Policy […]

Leave a Reply

You must be logged in to post a comment.