Uploaded March 2026 | Updated September 2026, 2 weeks ago
In this episode of the IEA Podcast, Lord Frost is joined by Kristian Niemietz and Andy Mayer to discuss the growing “Dubai phenomenon” — why increasing numbers of Brits are leaving the UK to build a better life abroad, and why politicians like Ed Davey are wrong to criticise them for it. The panel argues that rather than attacking those who leave, Britain should be asking why it can no longer offer the living standards, low crime, and economic opportunity that draws people to places like Dubai in the first place.
The conversation turns to energy policy, where Andy Mayer welcomes the Government’s moves to implement the Fingleton Review on nuclear energy, making the case that a nuclear-led decarbonisation strategy would cost around £400 billion less than the current renewables-heavy approach. The panel challenge the Committee on Climate Change’s claim that net zero will cost Britain almost nothing, arguing the assumptions behind it are implausible and that nuclear power — with a 90% capacity factor versus solar’s 10-12% — is simply a far more reliable and affordable path to decarbonisation.
Finally, the panel examines a troubling free speech case in Germany, where an IEA author was accused of posting a Nazi symbol for sharing a satirical image comparing Putin to Hitler. Kristian and Andy argue this reflects a broader erosion of free speech culture across the West — where laws designed for a pre-internet world are being weaponised in bad faith to silence political opponents, and where the only real safeguard is a strong cultural commitment to free expression that is increasingly absent.
The Institute of Economic Affairs is a registered educational charity. It does not endorse or give support for any political party in the UK or elsewhere. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
The views represented here are those of the speakers alone, not those of the Institute, its Managing Trustees, Academic Advisory Council members or senior staff.
In this episode of the IEA Podcast, Lord Frost is joined by Kristian Niemietz and Andy Mayer to discuss the growing “Dubai phenomenon” — why increasing numbers of Brits are leaving the UK to build a better life abroad, and why politicians like Ed Davey are wrong to criticise them for it. The panel argues that rather than attacking those who leave, Britain should be asking why it can no longer offer the living standards, low crime, and economic opportunity that draws people to places like Dubai in the first place.
The conversation turns to energy policy, where Andy Mayer welcomes the Government’s moves to implement the Fingleton Review on nuclear energy, making the case that a nuclear-led decarbonisation strategy would cost around £400 billion less than the current renewables-heavy approach. The panel challenge the Committee on Climate Change’s claim that net zero will cost Britain almost nothing, arguing the assumptions behind it are implausible and that nuclear power — with a 90% capacity factor versus solar’s 10-12% — is simply a far more reliable and affordable path to decarbonisation.
Finally, the panel examines a troubling free speech case in Germany, where an IEA author was accused of posting a Nazi symbol for sharing a satirical image comparing Putin to Hitler. Kristian and Andy argue this reflects a broader erosion of free speech culture across the West — where laws designed for a pre-internet world are being weaponised in bad faith to silence political opponents, and where the only real safeguard is a strong cultural commitment to free expression that is increasingly absent.
The Institute of Economic Affairs is a registered educational charity. It does not endorse or give support for any political party in the UK or elsewhere. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
The views represented here are those of the speakers alone, not those of the Institute, its Managing Trustees, Academic Advisory Council members or senior staff.


![Britains Wealth Just Collapsed | IEA Podcast
In this Institute of Economic Affairs podcast, Director of Communications Callum Price is joined by Director General Lord Hannan and Editorial Director Dr Kristian Niemietz for the weekly round up of the week in economics. The conversation covers three topics: Andy Burnham’s speech on devolution and decentralisation, a new report showing Britain has suffered the biggest fall in household wealth in the rich world, and a report on London’s housebuilding crisis.
On devolution, Hannan and Niemietz discuss why Britain remains one of the most centralised states in Europe, and what would need to change for genuine decentralisation to work, including a Swiss style model where local areas raise and are responsible for their own spending. They then turn to the fall in British household wealth over the past five years, arguing that the decline is largely a correction following the money printing and house price rises seen during the pandemic.
The discussion closes with an examination of London’s housebuilding crisis, drawing on a new report from other think tanks showing housing starts in the capital falling far short of government targets. Hannan and Niemietz set out why this makes London and the country as a whole poorer, and discuss practical fixes including lifting height restrictions near transport links and building on underused sites such as those around Canary Wharf.
The Institute of Economic Affairs is a registered educational charity. It does not endorse or give support for any political party in the UK or elsewhere. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
The views represented here are those of the speakers alone, not those of the Institute, its Managing Trustees, Academic Advisory Council members or senior staff.
Thumbnail image of Andy Burnham by [photographer name], licensed under CC BY 2.0 (https://creativecommons.org/licenses/by/2.0/), cropped from the original. Britains Wealth Just Collapsed | IEA Podcast](https://i.ytimg.com/vi/NJnlRoDXj1g/mqdefault.jpg)







