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 AvatarSIMON BANKS 17th Dec - 9:16pm
    LIVE? After his silence on and in the Clacton by-election, I thought he must have secretly died.
  • User AvatarSIMON BANKS 17th Dec - 9:13pm
    Here goes again. As someone who was active in the Westcountry in the early to mid 1970s, I know well how important to Westcountry Liberal...
  • User AvatarMark Pack 17th Dec - 9:10pm
    Thanks Chris for the response. Good to hear too from Mary about the progress on openning up the FCC. The FPC also debated its secrecy...
  • User AvatarSIMON BANKS 17th Dec - 9:01pm
    On the contrary, David, if we left the EU we'd lose all European co-operation, including French, over illegal immigration from outside the EU. The funny...
  • User Avatarrefitman 17th Dec - 8:54pm
    Dear god, can you imagine the damage the Tories (with Lib Dem help) would wreak in 6 or 7 years. There would be no public...
  • User AvatarRoland 17th Dec - 8:51pm
    I get the distinct feeling we'll end up with a confusing mix of devolved and regional assembles that will look a bit like the LibDem...