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

Recent Comments

  • User AvatarDavid Blake 25th Nov - 6:09pm
    Just watched the BBC Six O'Clock News and no comment from us.
  • User AvatarJohn Grout 25th Nov - 5:38pm
    Glad to see Tim's response, but again, this looks like an article cut off in its prime. Is that all he said? Where did he...
  • User AvatarJUF 25th Nov - 5:37pm
    @Dav: let's assume for a second that you are right and the vote is to leave. How do you expect to get a free trade...
  • User AvatarMatt (Bristol) 25th Nov - 5:27pm
    I have fairly strong religious views, have worked in the religious media in a lowly serf role and have to agree with the viewpoint that...
  • User AvatarSteve Coltman 25th Nov - 5:15pm
    This post contains a lot of nonsense. There seems to be an assumption that, if the UK left the EU, all trade across the Channel...
  • User AvatarMatt (Bristol) 25th Nov - 5:14pm
    The only 'quick' way (hah!) I can see to allowing a free hand for a Western-led coalition to go into parts of Syria and seirously...