The secretive group that inspired Liz Truss’s disastrous mini-budget should be stripped of its charitable status, a former charity regulator official has said.
Earlier this week, the prime minister was forced to U-turn on scrapping the top rate of income tax after the pound crashed to a record low against the dollar and the Bank of England had to make an emergency intervention to prevent pension funds collapsing.
The Institute of Economic Affairs (IEA), a free market think tank that has long been close to Truss, took credit for the doomed policy when it was announced by the chancellor Kwasi Kwarteng in September’s mini-budget.
