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 AvatarAlex Sabine 19th Oct - 6:47pm
    @ Joe Burke "Capital instead is more often invested in rent-seeking activities such as residential property and interest bearing financial assets that siphon off economic...
  • User AvatarLiberalise 19th Oct - 6:42pm
    I partly agree with Simon McGrath, and i guess by extension Swinson: it should be the idea and language of fighting poverty on which we...
  • User AvatarJoeB 19th Oct - 5:49pm
    Vince makes a key point when he says: "Our current tax system, by focusing on income rather than wealth, facilitates the accumulation of unearned assets...
  • User AvatarNonconformistradical 19th Oct - 5:25pm
    I see Lewis Hamilton is thinking about it.. https://www.theguardian.com/sport/blog/2017/oct/19/kneel-lewis-hamilton-us-gp-f1
  • User AvatarMartin 19th Oct - 5:13pm
    Antony Hook lays bare (again) the utter incoherence of Brexit and that it is self evident that there can be no democratic consensus behind any...
  • User AvatarMick Taylor 19th Oct - 4:49pm
    I hope David Howarth's paper was not to be produced for December 2013. Otherwise we'd need a Tardis to find it.