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 AvatarRichard Underhill 3rd May - 3:06pm
    Government Ministers and spokesmen usually assert that it would be unconstitutional, (lese majeste, etcetera) to predict what will be in the Queen's Speech. More likely...
  • User AvatarLaurence Cox 3rd May - 2:48pm
    Being the official opposition doesn't mean anything when you are nowhere near forming a government. Scotland will never trust the Tories, whoever their leader is...
  • User AvatarRuth Bright 3rd May - 2:27pm
    Psi obviously you are trying to provoke - quite right to. I thought very carefully about posting this and in no way did I use...
  • User Avatarchris key 3rd May - 2:17pm
    Peter Watson - It was the Tories who wanted to remove maintenance grants for all students not us. Ditto the decision to put in tuition...
  • User AvatarJonathan Ferguson 3rd May - 2:02pm
    Thank you for your comment, Geoffrey Payne. The tone and style of this article is perhaps quite unconventional in a general sense; and I would...
  • User AvatarDavy Nook 3rd May - 1:37pm
    How does one "disenfranchise" someone who does not have a franchise?