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 AvatarManfarang 25th Feb - 4:20am
    Eddie With the election of Trump, English republicanism is going to take a back seat for awhile. There is reform of church state relations i.e....
  • User AvatarLorenzo Cherin 25th Feb - 12:46am
    Eddie There you prove why I shall ever think you are one of my favourite people on this or any other site we might find...
  • User AvatarEddie Sammon 25th Feb - 12:09am
    Lol, thanks Lorenzo. We should discuss it another time! Maybe send an article pitch to LDV. Anyway, back to the topic...
  • User AvatarMartin 25th Feb - 12:03am
    Dan Falchikov: We could speculate what Corbyn's ratings would drop to if he were PM, or even deputy PM. Not that this would ever happen...
  • User AvatarLorenzo Cherin 24th Feb - 11:26pm
    Eddie My support ,and kinship, for and with you, would evaporate speedily ,if we are to be taking anti-monarchy stances anywhere other than ot the...
  • User AvatarTerence Weldon 24th Feb - 11:15pm
    I'm seeing a lot of downbeat commentary here tonight - not surprising, as Stoke and Copeland were certainly not exciting results. Nevertheless, in focusing just...