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 Avatarkevin 31st Jul - 12:17am
    The BMA is exactly like every other Trade Union where their members interests always come before those of their consumers.Doctors had enormous pay rises under...
  • User AvatarDave Page 31st Jul - 12:10am
    Anybody who can call David Laws a Thatcherite has clearly never bothered to read the Orange Book; it dedicates a huge amount of its early...
  • User AvatarJames 31st Jul - 12:05am
    What this 16% increase actually translates as is for every 475 people admitted to hospital on a weekend* 1 more will have died as a...
  • User AvatarEddie Sammon 30th Jul - 11:31pm
    Tomas, if you want to respond to the immediate crisis in Calais with the call to "increase foreign aid until it goes away" then you...
  • User AvatarChristopher Kane 30th Jul - 11:30pm
    Regarding the science: it actually talks about a 30 day increased mortality of 16% if admitted on a Sunday. The day with the highest mortality...
  • User AvatarTomas Howard-Jones 30th Jul - 11:15pm
    Eddie: I don't believe it's a question of Germany being "to the right" of the IMF during the recent Greece negotiations. Germany didn't want to...