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 AvatarMark Goodrich 28th Oct - 4:55am
    The interesting paradox is that the more the Tories push Hard Brexit, the more likely it is we will stay in the EU. A couple...
  • User AvatarMark Goodrich 28th Oct - 4:45am
    Best article on this is John Harris in the Guardian. Says it all.
  • User AvatarMark Goodrich 28th Oct - 4:38am
    @Malcolm Todd @Paul Carroll You are both making the assumption that the Article 50 notification can't be withdrawn. Rather strangely, the recent court case proceeded...
  • User AvatarMark Goodrich 28th Oct - 4:29am
    You have to look at both leading candidates. I think the major reason for this vote drop is that Sadiq Khan was a much more...
  • User AvatarRBH 28th Oct - 4:00am
    Agree with David Pearce above. There will be a temptation to admit defeat because of news like Nissan but the economic pain will come. (It's...
  • User AvatarEthics gradient 28th Oct - 3:12am
    I think it is useful at to post up a map of how everybody voted. Take a really good look at it and see...