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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  • User AvatarSteveL 21st Aug - 12:36am
    The Thames used to freeze over. It stopped doing so long before human influences on climate change. There are points in recorded history when Britain...
  • User AvatarDeborah Newton-Cook 21st Aug - 12:01am
    I agree with both firstly, Andi Ali, and also Matthew Huntchback. CR deserves an apology. I hope that he will not be ostracised in our...
  • User AvatarDavid Allen 20th Aug - 11:54pm
    It's funny, isn't it. Pick any academic field you like - dyslexia, First World war, GM crops, whatever - and there are a host of...
  • User AvatarPeter 20th Aug - 11:44pm
    JoeBourke If I may, some final comments from me on this debate. Thank you for your courteous contributions. I suspect you have some connection with...
  • User AvatarJohn Dunn 20th Aug - 11:41pm
    tonyhill writes: "I can’t see that UKIP stands a chance of developing a set of practical policies that can satisfy its ideologically incoherent supporters." That...
  • User AvatarGordon McFadden 20th Aug - 11:32pm
    The article still presumes guilt, ignores the outcomes of numerous investigations. Requesting Lord Rennard to consider his position within the Party is bang out of...