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 Avatarstuart moran 1st Sep - 5:24am
    Richard Dean Perhaps, but you have clearly failed to raise any points of worth, answered any questions and seem to be happy to follow whatever...
  • User AvatarAntony Hook 31st Aug - 11:54pm
    I remember in 2003 (after IDS resigned) the consensus was that is Davis stood he would have won the Tory leadership. But he decided to...
  • User AvatarRichard Dean 31st Aug - 11:52pm
    This is now definitely the Thread of the Big Waste of Time.
  • User Avatarstuart moran 31st Aug - 11:28pm
    Richard Dean A lot of times - why have you? Experience tells us there have been 57 deaths due to Islamic terrorism in the UK...
  • User AvatarRichard Dean 31st Aug - 11:06pm
    @stuart moran Experience is a good teacher. Have you actually ever done a risk assessment?
  • User Avatarstuart moran 31st Aug - 10:28pm
    Richard Dean In the end our responses to any potential hazard have to be based on statistics - it is how all risk assessment is...