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 AvatarDave Orbison 28th Aug - 9:25pm
    @Simon Shaw Yes, I saw Paul's helpful comments which of course post dated my original query as to what LibDem policy was. As for accusation...
  • User AvatarRoland 28th Aug - 9:12pm
    @Leave the EU - "best of 3 :-)? All the best and peace." Only 3! I got the distinct impression that the various Brexit campaigns...
  • User AvatarZack Polanski 28th Aug - 9:04pm
    Until we have Proportional Representation, whatever party is in Government is there, in effect, illegitimately. It's not that PR is the most important priority -...
  • User AvatarSimon Shaw 28th Aug - 8:58pm
    @Chris Bowers "The problem, I agree, is still Labour. Until it commits to PR, the scope for cooperation will remain limited. But there are signs...
  • User AvatarSimon Shaw 28th Aug - 8:40pm
    @Dave Orbison ”Also, you ask “why do I need access to the LibDem Railway Policy in mid 2016”. Not that I realised I was accountable...
  • User AvatarAdam Casey 28th Aug - 8:29pm
    "the Tory machine is a malign one." Sigh. Maybe one day someone will make a post like this without calling those on the other side...