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 AvatarBolano 13th Oct - 11:22pm
    @David Allen I think you are, if nothing's done, talking about a generation. Those who are politically engaged (i.e. who vote) have very long memories....
  • User AvatarT-J 13th Oct - 11:16pm
    Dav, geography has always been Ireland's curse, really. Of course, England could impose such economic 'suicide' on Ireland. But that would be a kind of...
  • User AvatarSIMON BANKS 13th Oct - 10:36pm
    Helen has a point. Even taking into account our limited finances, our campaign seemed diffuse and reactive. An election campaign needs to push two or...
  • User AvatarJayne Mansfield 13th Oct - 10:26pm
    @ Richard Underhill, You may be interested in a study carried out by Cardiff University and published in The Conversation. 'Hard Evidence: How biased is...
  • User AvatarJoe Otten 13th Oct - 10:20pm
    David Raw, I don't mean to be obtuse. I read your argument as saying that more needs to be spent on the NHS and welfare...
  • User AvatarLittle Jackie Paper 13th Oct - 9:59pm
    Caron - Not getting at you or anyone else here. I hear an awful lot that Scotland is some sort of pro-EU hotbed. Is it?...
Wed 14th Oct 2015
Thu 15th Oct 2015
Fri 16th Oct 2015
Sat 17th Oct 2015
Sun 18th Oct 2015
Tue 20th Oct 2015
Thu 22nd Oct 2015
Fri 23rd Oct 2015
Sat 24th Oct 2015
Sun 25th Oct 2015
Wed 28th Oct 2015
Thu 29th Oct 2015
Mon 2nd Nov 2015
Wed 4th Nov 2015
Thu 5th Nov 2015
Fri 6th Nov 2015
Sat 7th Nov 2015
Tue 10th Nov 2015