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 AvatarAndrew Toye 27th Apr - 11:54am
    In introducing the 2 child policy, the Tories asked poorer people to consider whether they could afford to bring up a large family, and was...
  • User AvatarAshley Cartman 27th Apr - 11:46am
    "Liberal Democrats across the country are challenging Theresa May’s Conservative Brexit government" - I think that sums it up nicely. The Conservatives will undoubtedly win...
  • User AvatarYeovil Yokel 27th Apr - 11:32am
    There is a wider strategic benefit to be gained by both parties from this move, although it will no doubt hurt LD activists in Brighton....
  • User AvatarPeter Watson 27th Apr - 11:25am
    Oops - obviously the Remain campaign has "consistently opposed leaving the EU", though most are also quite partial to the UK :-)
  • User AvatarPeter Watson 27th Apr - 11:23am
    @Arnold Kiel "Brexit beneficiaries are ..." But which of those have not also benefited from and prospered under the UK's membership of the EU? As...
  • User AvatarCllr Mark Wright 27th Apr - 11:09am
    Good - I think this is fair payback for Richmond. It will also force the Green Party to put up, or shut up, on further...