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 AvatarDaniel Henry 31st Jul - 12:19pm
    I share Bill's view. Whatever challenges we face in terms of housing, inequality, climate change, resources, etc, I think we've been more than compensated with...
  • User AvatarGlenn 31st Jul - 12:18pm
    Anyway, to the various people responding to my most thank you for your time, but we'll have to agree to disagree, I will only add...
  • User AvatarDuncan Stott 31st Jul - 12:17pm
    I'd like it to be held in Latvia/Lithuania/Estonia, just to troll Putin. There was a fledgling "Lib Dem Friends of Football" at one point -...
  • User AvatarMatthew Huntbach 31st Jul - 12:13pm
    peter tyzack So it is right that a sanction exists to expel someone, who regardless of their own beliefs or their past work for the...
  • User AvatarMatthew Huntbach 31st Jul - 12:09pm
    Ian Sanderson (RM3) Even when they are touted as ‘efficiency’ reorganisations come with an upfront cost; staff may be entitled to redundancy payments and/or early...
  • User AvatarA Social Liberal 31st Jul - 11:52am
    I apologise My comment above was to Steve