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 Avatarpaul barker 28th Jun - 2:06pm
    The split between The PLP & the rest of The Labour Party seems to be widening as we watch, its not impossible that by tinight...
  • User AvatarCatherine Jane Crosland 28th Jun - 1:47pm
    Roland, I said "the dictatorship of the fifty-one percent", because that phrase represents a misunderstanding of what democracy means. I wasn't specifically referring there to...
  • User AvatarBernard Aris 28th Jun - 1:44pm
    Congratulations LibDems! clearly you have some magic going on in such circumstances; we in the Netherlands (D66) never managed such numbers after getting clobbered in...
  • User AvatarRuth Bright 28th Jun - 1:41pm
    RIghtsaidfredfan - why do you opt for anonymity? Are you not proud to own your comments publicly? The previous two articles on LDV garnered 140...
  • User AvatarConor McGovern 28th Jun - 1:29pm
    We should also have the goal of ending homelessness!
  • User AvatarConor McGovern 28th Jun - 1:27pm
    For example - 1. National housing bank 2. Fair, liberal points system 3. Green new deal on jobs 4. Healthcare cooperatives.