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 22nd Sep - 2:51am
    Someone needs to explain to Clegg that devo on demand will increase resentment about democratic inequality and complication.
  • User Avataralec dauncey 21st Sep - 11:57pm
    Federalism demands either an English Parliament or Regional English federal entities. There really does not seem to be a demand for actual 'state' level entities...
  • User AvatarMack (Not a Lib Dem) 21st Sep - 11:52pm
    @simon Hunt I absolutely agree but this issue transcends everything. Cameron' s duplicity over our pledge to the Scottish People has made me ashamed to...
  • User AvatarSimon Hunt 21st Sep - 10:25pm
    Seems a bit rich for a senior Lib Dem to be blaming the 'old parties' for broken promises and a disconnect from Westminster. Paddy may...
  • User AvatarRoland 21st Sep - 9:29pm
    "(1) The three party leaders neglected to get the permission of their parties to do what they did." [Sesenco 21st Sep '14 - 7:18pm] They...
  • User AvatarGlenn 21st Sep - 9:09pm
    David Allen. I've heard variation on the Tories will barnstorm into power if we do this or don't that for years. The fact is they...