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

  • Christopher Haigh
    The prospect of a political head of stare would be truly frightening. The constitutional monarchy is there to provide ceremony and tradition and long may it con...
  • David Evans
    Although an interesting and important topic, I find the content of this article somewhat heavy on the rhetoric, but rather light on factual analysis. For examp...
  • Tom Harney
    I suggest we campaign for a way of writing a constitution for our country. We need to consider the best way of involving our fellow citizens in this. What exact...
  • Matt Wardman
    Over a period of 5 years, that does not to me look too bad. I think the more interesting short-term hit will be the removal of Hereditary Peers. Were I Mr...
  • John Barrett
    It would literally take only minutes to be courteous and to send an email to notify those who have applied, but have not been shortlisted. Whoever decided n...