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 AvatarEddie Sammon 24th Sep - 4:38am
    I must say if Danny has vetoed EVEL then I think he has done us all a favour. We need a proper solution and I...
  • User AvatarManfarang 24th Sep - 3:55am
    John Tilley Let's hope economic stagnation is not part of the overlap as what is really on offer from Labour is back to the future,...
  • User AvatarJohnTilley 24th Sep - 3:12am
    Clegg -- last spotted by BBC News on 17 September in fundamental disagreement with Danny Alexnder. ---- see http://www.bbc.co.uk/news/uk-politics-29236901 Why has Clegg gone AWOL for...
  • User AvatarJohnTilley 24th Sep - 3:00am
    Joe Otten I think you would have served the readers of LDV better with a real analysis of what Mliband really said rather than jour...
  • User AvatarJohnTilley 24th Sep - 2:38am
    David-1 Points out the recent phenomenon of the disappearing Clegg. Since saying precisely the opposite of what Danny Alexander was saying on the same day...
  • User AvatarShirley Campbell 24th Sep - 2:29am
    Linda, yes please, a Constitutional Convention, when, please. Devolved power to Scotland, Wales, Ireland (Northern Ireland) when, please! Abolition of the so-called unelected “monarchy” when,...