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 AvatarTony Greaves 24th Jul - 11:19pm
    This is silly midsummer froth, a top-down attempt to use social media by people who don't know how it really works, and (in practice if...
  • User AvatarAndrewMcC 24th Jul - 10:38pm
    Adrian Sanders, I agree with much of what you say, although I think Tim is correct to be offering a home to the many people...
  • User Avatarchris_sh 24th Jul - 10:36pm
    @John Hugo "Whether the EU has signed up to it is therefore irrelevant." I wouldn't think that this is correct, surely you can't be bound...
  • User AvatarAnna Pitcher 24th Jul - 10:09pm
    I apologise for taking so long to respond to these comments and although I'd love to reply to them all, apparently my post was too...
  • User AvatarJohn McHugo 24th Jul - 10:07pm
    Chris, Surely the Vienna Convention on the Law of Treaties is customary international law. It is also (if I remember right) meant to be largely...
  • User AvatarFloating Voter 24th Jul - 10:03pm
    She seems a decent candidate. Was she slected in a fair contest or by the immoral all women shortlist system?
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