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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Recent Comments

  • Martin
    Brad Barrows: What is the point of your comment? Do you think that since some injustices get ignored, that we ought to disregard all injustices? In the cas...
  • Peter Davies
    For the record, the withdrawal of benefit is based on net income after NI and Income tax so before the NI rise you kept just under 25% of your income and when t...
  • Michael BG
    I don’t think reducing the taper to 55% is the best way to help the poorest in society. It helps people the more they earn and if they earn nothing they do no...
  • Roland
    And the LibDems continue their silence on free school meals for all pupils, which is the real solution to this issue as then schools can simply provide meals to...
  • Roland
    >I’m making the assumption that this is about higher paid bankers The budget surcharge change was about the Banks, which are colloquially being referred t...
Thu 28th Oct 2021
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