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 AvatarMalcolm Todd 24th Oct - 11:15am
    Indeed, it's good of you to provide such fertile ground for diverting play for those of us whose a**e-pokers are not too rigid. More power...
  • User AvatarJohnTilley 24th Oct - 11:14am
    If Paul Tyler and other Liberal Democrats in the Lords were mounting a consistent and ongoing campaign to get rid of the everyday farce I...
  • User Avatariain 24th Oct - 11:12am
    Gordon is a probable loss anyway, and if he stands it may actually help us in the long run, as it will encourage Labour and...
  • User AvatarSimon McGrath 24th Oct - 11:11am
    William - because a) renwables are (at least at the moment) much more expensive than gas b) virtually all our domestic heating runs on gas
  • User AvatarSimon McGrath 24th Oct - 11:09am
    " the underlying message “politicians are all bad, don’t get involved” is the same one as the Orange Bookers" Can you point to any evidence...
  • User Avatarjedibeeftrix 24th Oct - 11:04am
    It's a fine spoof. No problems from in that regard. I use pseudonym, and a deliberately silly one at that, so I could not complain...