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 AvatarJohnTilley 23rd Apr - 6:34pm
    For people who think nuclear is a cheap or green way to generate electricity ask yourself why since 26th April 1986 the UK Government has...
  • User Avatarjedibeeftrix 23rd Apr - 6:08pm
    "There are more jobs in sectors, like science and research that are funded by the EU (€80bn of EU funds will go into science in...
  • User AvatarTheresa-1 23rd Apr - 5:21pm
    Backing British manufacturing makes sense. Restoring a manufacturing based economy rather than placing reliance on the financial services “industry” is likely to be more sensible...
  • User AvatarJayne Mansfield 23rd Apr - 4:58pm
    @ John Dunn, What I fail to understand is, if you are not MEPs to participate in the EU or fix it, how can you...
  • User Avatarterry 23rd Apr - 4:31pm
    All very well green but green tooooooo expensive and wont solve our energy needs and as for environment negligible UK wise and minuscule world wise
  • User Avatarmatt 23rd Apr - 4:02pm
    @RC No I do not think a survey sample of 1% of the working age population is an efficient way to measure employment. So you...