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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  • User AvatarMick Taylor 11th Dec - 1:25am
    Cuba has many faults, but it's not a capitalist country so one might expect differences from the accepted (?) norms here. What Cuba has got...
  • User AvatarKatharine Pindar 11th Dec - 1:05am
    Hello, friends, I have been having terrible trouble with access to the site just lately, which accounts for this late comment. Arnold, thank you for...
  • User AvatarDavid Evans 11th Dec - 12:56am
    Simon, "Labour realising the stupidity of their opposing AV." When did you last come across Labour relaising its stupidity? Come on be honest! :-)
  • User AvatarSimon Shaw 11th Dec - 12:43am
    @Peter Watson "... means that there will be little appetite for electoral reform and proportional representation for the foreseeable future." I don't think that follows....
  • User AvatarPeter Watson 10th Dec - 11:26pm
    @CassieB "Our one shot at reform of FPTP, the AV referendum, was jumped on by Tories and Labour as a chance to give us a...
  • User AvatarDavid Raw 10th Dec - 11:17pm
    I must say I share Caron's antipathy to boxing - particularly since the recent tragic death of a boxer here in Scotland. The prospect of...