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 AvatarPaul In Wokingham 19th Apr - 7:59pm
    Hey.. Langevin! I've never actually seen him before but I like his equations. Tea, anyone?
  • User AvatarPete Salmond 19th Apr - 7:47pm
    @Peter Watson Hear, hear! I did mechanical engineering at university, and the amount of times I've had to point out the difference between a mechanic...
  • User AvatarPhilip Thomas 19th Apr - 6:53pm
    Alex, you're right of course we do still need to be winning soft Cons. The left of the Conservative party is traditionally pro-European, so that...
  • User AvatarPhilip Thomas 19th Apr - 6:31pm
    "You make a good case for why it would be good if Labour was in government and had to put the case for deficit reduction....
  • User AvatarAlex Sabine 19th Apr - 6:24pm
    You may be right that I am underplaying how bad it is going to be for the Lib Dems. We'll have to wait and see....
  • User AvatarMichael BG 19th Apr - 6:20pm
    If someone wants a majority Labour or Conservative government then they should vote for the party they support. If they want to see the Liberal...
Sat 25th Apr 2015