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 AvatarRoger Roberts 26th Jan - 8:17am
    Not at all ! Just that Alf sees everything in black and white whilst so many policies etc are in shades of grey ! The...
  • User AvatarTsar Nicolas 26th Jan - 8:06am
    Alex Sabine, Your argument rests on the faulty premise that money and debt is somehow real, when it is not, except at the level of...
  • User AvatarJennie 26th Jan - 8:05am
    What Andrew Suffield said.
  • User AvatarAlice Thomas 26th Jan - 7:45am
    MBoy - I was explaining the argument not agreeing with it.
  • User AvatarAlex Sabine 26th Jan - 5:20am
    Eds: Please feel free to remove the comment of mine directly above that has all the unintended bold type! Resubmitting it here. @ Tsar Nicholas...
  • User AvatarAlex Sabine 26th Jan - 5:15am
    Woah, sorry, obviously I didn't close the bold type there! That's where an edit tool would come in handy ;-)