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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Recent Comments

  • User AvatarSimon Gilbert 26th May - 4:22pm
    Mick demonstrates perfectly a policy that would be radical, liberal yet neither 'right' nor 'left'. This is the kind of choice the electorate don't have,...
  • User Avatartheakes 26th May - 4:20pm
    EVEN SO, who is responsible then? Who is accountable for the two thousand lost councilors, the MEPS and MPs and the £170, 000 in lost...
  • User AvatarEddie Sammon 26th May - 4:15pm
    Iain Roberts, I agree, but there are plenty who demonise those on the left too. As you say: it works both ways. I have sometimes...
  • User Avatartheakes 26th May - 4:12pm
    Sara, quite right, I said this yesterday a family is tied by blood. We are a political organisation, we should cease the sentimental approach as...
  • User AvatarDaniel Henry 26th May - 4:09pm
    I strongly agree with the article. I think George, Tony, g et al have all misunderstood what Iain is saying. I think we all agree...
  • User AvatarAnne 26th May - 3:59pm
    Demonise the rich, nothing happens to them. Demonise the poor, they starve.
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