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 AvatarSunder Katwala 23rd Nov - 8:24am
    Thanks Stephen for this post setting out the challenge put to LibDems in the British Future report. A Social Liberal and Paul Barker look at...
  • User AvatarStephen Hesketh 23rd Nov - 8:08am
    I have just read this entire thread and must say I am now much better informed on this topic than before. I must also say...
  • User AvatarNick Barlow 23rd Nov - 8:07am
    I think the limit comes from the ERS technology which uses the drop-down menus for voting. I've found voting in preferential ballots online a lot...
  • User Avatarmatt 23rd Nov - 8:02am
    And whatever you say about Miliband, at least he is leading his party from the front. He has not been afraid to talk about the...
  • User AvatarPhilip Young 23rd Nov - 7:52am
    On the day of the election, the papers had headlines regarding the interview that Lord Razzel gave admitting he had been approached by those willing...
  • User AvatarMatthew Huntbach 23rd Nov - 7:51am
    stuart moran Can I ask him what you actually do to make the world a better place with your ‘entrepreneurship’ – have you invented something...