Author Archives: Theo Clifford

Opinion: The case for NGDP targeting (1)

The Times is reporting that the Treasury is setting up an internal unit to look into the wisdom of revising the Bank of England’s ‘flexible’ 2% CPI inflation target. Mark Carney, the incoming Governor of the Bank who will replace Mervyn King in June, mentioned the merits of adopting NGDP (National Gross Domestic Product) level targeting in a speech last December, launching a frenzy of speculation.

Considering the enormous effect expectations of future monetary policy changes have had in places such as Japan, it may be that the talk of NGDP targeting is partly behind the …

Posted in Op-eds | Tagged | 11 Comments

Opinion: Deregulate Sunday trading to go for growth

The Coalition needs to get over its obsession with small businesses – and deregulate Sunday trading
With the recent fragility of the Coalition, it’s easy to forget that the Lib Dems do agree with the Tories on some issues. If we didn’t, it would have been impossible to forge a workable government in the first place. Mounting instability over constitutional reform makes it all the more important that the two parties can work together where their philosophies do align. One of those areas is economic and regulatory policy. Despite some notable blind spots, the Conservatives do share our belief in the strength of the free market to provide long-run economic growth. While many regulations are necessary and right, the Coalition should be able to work together in order to eliminate arbitrary and damaging rules that distort rather than level the economic playing field.

Posted in News and Op-eds | Tagged , , , , and | 55 Comments
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    There were 12 local government by elections on Thursday in which just over 18,000 people voted. Just 305 voted Lib Dem - less than six...
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    But who on earth are these 79%? Most people here want to exit the coalition sharpish, eve if many of us originally supported the idea...
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    I think to say that Cameron 'led' the UK out of Europe would be overstating his role; Cameron is a weak leader and at best,...
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    I think this whole debate of whether Facebook could do this is sort of missing the point. I think the key question is 'should' Facebook...
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    What did it in for the BNP was BNP councillors. When people found out how utterly useless, incompetent as well as plain thick, the BNP...
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    FrankBooth the Cameroons revealed their true colours as Thatcherites for gay marriage. No, they are far to the right of where Margaret Thatcher was economically....