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
Advert



Recent Comments

  • User AvatarStuart 23rd Jan - 7:54pm
    Dr Ali needs to update his Twitter profile. It says on there he still works in Stockport, though other sources (his new employer, and Dr...
  • User AvatarCaracatus 23rd Jan - 7:47pm
    @ Simon Shaw - your tiresome defence of Clegg's incompetence is a poor use of your time. The County gave it's verdict on Clegg by...
  • User AvatarCaracatus 23rd Jan - 7:38pm
    Clegg wasn't exactly brilliant in opposition either. He should be kept away from the airwaves as a matter of urgency.
  • User AvatarManfarang 23rd Jan - 7:28pm
    alans And where was my vote ? I am a British citizen.
  • User Avatarmatt 23rd Jan - 7:23pm
    @Peter Watson That's fascinating. Because some people can not be bothered to click on links I am going to copy and paste what Tim Farron...
  • User AvatarRichard Underhill 23rd Jan - 7:20pm
    Our holiday must have been between 1 July 1990 – 31 March 2000 from the dates of the Nigerian Commonwealth Secretary. When Senegalese were introduced...