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 Avatarjedibeeftrix 1st Oct - 11:14am
    Does this 'geoist' principle make the New South Wales allowance of exempting the primary residence of citizens from LVT? I would support it if it...
  • User AvatarJayne Mansfield 1st Oct - 11:12am
    We need the equivalent of another Chilcott inquiry into our interventions or lack of, in Libya, where David Cameron and others are forced to give...
  • User Avatarjedibeeftrix 1st Oct - 11:10am
    @ Joesph - "this ECHR report makes the argument for federalisation of Syria along the lines of the former Yugoslavia settlement" Does this argument make...
  • User AvatarJudy Abel 1st Oct - 11:08am
    Great article Rob. Thank you. I was thinking of writing something similar. I wrote an article last year saying the 'Fightback' needs to be for...
  • User Avatarjedibeeftrix 1st Oct - 11:06am
    @ Stuart - "Why should anybody care about whether other members of what they consider their “natural community” are represented by the same MP or...
  • User AvatarDavid Garlick 1st Oct - 10:29am
    Charles Kennedy was unique. Nick and the Lib Dems shared power and responsibility in a coalition and are much the stronger for doing so. On...