Adam Smith Institute

🚨 Millionaire Tracker 2026 🚨

✍️ Mitchell Palmer

The ASI’s updated Millionaire Tracker reveals a stark finding: Britain’s millionaire population has halved since 2021. 📉

Where have they gone, and what does their departure mean for the economy?

Read more on our website. 👇

https://www.adamsmith.org/millionaire-tracker

Join us for our next Enlightenment Evening on 22 July, from 18:00–20:00! 🎓️

We will be joined by Lord Elliott of Mickle Fell, who will present his new book, Ten Years On: The Untold Story of Brexit.

As the former Chief Executive of Vote Leave, Lord Elliott will offer a unique insider’s perspective on the successes and failures of Brexit—ten years on.

This is an evening you will not want to miss! Sign up below. 👇️

A reminder to join us for our next Next Generation drinks this evening!

We are thrilled to welcome Denys Demko, Economic Secretary at the Embassy of Ukraine in the UK.

Denys will unpack how competition can help both the UK and Ukraine strengthen their defence capabilities.

🔗 👇

Stamp duty is the worst tax on the books. Great to see shadow Chancellor Mel Stride citing ASI research on how abolishing it could unlock house building.

Mel Stride (@MelJStride) on X

Join us for our next Next Generation drinks on Tuesday, 7th July!

In July, we are thrilled to welcome Denys Demko, Economic Secretary at the Embassy of Ukraine in the UK.

Denys will be discussing Ukraine as a Key Defence Innovation Partner for the UK. He’ll explore defence industrial cooperation and economics.

Denys’ talk will unpack how markets and competition can help both the UK and Ukraine strengthen their defence capabilities. It will also provide deeper insights into the defence industry more broadly.

Ultimately, this Next Generation talk will shed light on the challenges facing both the British and Ukrainian defence industries. It’s an unmissable event for anyone interested in the defence sector.

🔗 👇

https://luma.com/tjrsdrwq

Tax Freedom Day is a measure of when Britons stop paying tax, and start putting their earnings into their own pocket.

In 2026, the Adam Smith Institute has estimated that every penny the average person earned up to and including June 5th went to the taxman - from June 6th they are finally earning for themselves. This is the latest date ever, under our improved methodology.

British taxpayers have worked for a gruelling 156 days just to pay their taxes this year, the latest since current records began. That’s 4 days later than last year, and 14 days later than before the pandemic. In 2009, Tax Freedom Day fell on May 17th - almost a whole month earlier.

But, things are only getting worse. Based on current Government taxation and spending plans and OBR projections, the ASI predicts that by 2030 Tax Freedom Day will fall on 12th June.

🔗 👇

https://www.adamsmith.org/taxfreedomday

It's Adam Smith's Birthday. And, you're invited!

Danny Kruger, Head of Preparation for Government for Reform UK, will set out his vision for a Smithian Social Policy.

⏰ Tickets are running out fast. Secure your spot now!

🔗 👇

https://luma.com/g6tr7stz

Today is London's Cost of Rent Day!

London's Cost of Rent Day is the day on which, on average, renters earn enough before tax to cover their annual rent bill.

This date is a shocking indictment of our broken planning system.

Thanks to excess red tape, we have been unable to build enough homes to match demand.

So, how do we actually solve the UK's rental crisis?

Click the link below to discover the root causes and the policy solutions needed to fix the market.

🔗 👇

https://www.adamsmith.org/cost-of-rent-day

Join us for an Enlightenment Evening exploring the "Invisible Hand" behind the American Revolution with Dr. Mark Skousen on Wednesday, 17th June.

In his 1776 magnum opus The Wealth of Nations, Adam Smith made a radical, highly controversial argument: Great Britain should grant the American colonies independence. He viewed them not as a jewel in the Crown, but as a "financial drag." Yet, curiously, Smith also predicted that these same colonies would rise to become one of the most formidable empires in history.

Why did the Scottish philosopher dedicate more space to America than almost any other subject? And what led him to such a bold, prophetic vision of the New World’s potential?

Join us to uncover the intellectual partnership that shaped the modern world. Dr. Mark Skousen will demonstrate how Smith’s positive view of America was forged through his London meetings with Benjamin Franklin. Discover how this cross-pollination of ideas led Smith to champion American independence, while Franklin was converted to the gospel of laissez-faire and free trade.

🔗 👇

https://luma.com/zj0wetb9