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 AvatarAlex Sabine 28th Mar - 3:50am
    If Labour wanted a more effective, and much cheaper, reform to higher education policy they would have done well to take up this suggestion from...
  • User AvatarAlex Sabine 28th Mar - 3:38am
    Stuart: You dispute the conclusion that the fee hike has not hit applications by extrapolating from the previous trend, but the difference is too marginal...
  • User AvatarRoland 28th Mar - 2:48am
    @Jack - Firstly a £1m pension pot isn't a particularly big pot (although I accept that it's accrual is a challenge). My understanding is that...
  • User AvatarAlex Sabine 28th Mar - 2:06am
    A typically thorough and high-quality piece of analysis by CentreForum, which fairly highlights some of the more attractive (and voter-friendly) features of the policy as...
  • User AvatarTabman 28th Mar - 1:53am
    Expats: The Thatcher/Major administration fuelled boom and bust whereas this administration reduced the deficit The Thatcher/Major administration enacted Clause 28 whereas this administration enacted gay...
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    Matt (Bristol) "I am intrigued that you seem to be claiming that you never make a judgement of the morality or quality of other’s actions...
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