Agenda 2019

  http://www.huffingtonpost.co.uk/2013/04/29/universal-credit_iain-duncan-smith-jobcentre-_n_3176401.html?utm_hp_ref=uk Universal Credit, will be introduced in four local jobcentres in selected areas of Ashton-under-Lyme, Oldham, Warrington and Wigan. Work and Pensions Secretary Iain Duncan Smith    There is a fundamental flaw in the economic logic that argues by essentially, cutting benefit payments it will somehow, automatically "force" people back to work. Wrong. The way to achieve the objective of getting people off benefits (and thereby cutting the amount of benefit payments), is to generate the conditions and the environment where work is available. Given that the majority of claimants would rather be gainfully employed, it seems reasonable to assume that people would take up work, were the opportunities there to do so. Clearly, the private sector has had only a marginal effect in the creation of real job opportunities. It therefore follows t...

http://www.huffingtonpost.co.uk/2013/01/04/uk-economy-back-into-red-services-sector_n_2408017.html?utm_hp_ref=uk UK Economy Dips Back Into The Red After Services Sector Shrinks    Services, including construction, suffered badly in the last three months of 2012  Advice to ConDem coalition, masquerading as government. Pop down to your local Smith's and purchase a copy of "The General Theory of Employment, Interest and Money," (it is also available in paperback from Amazon at £9.99), and note that in the short run, productive activity is influenced by aggregate demand (total spending in the economy), and that aggregate demand does not necessarily equal aggregate supply (the total productive capacity of the economy).  Therefore, if as a start, a comprehensive programme of house building of social housing for local authorities were commenced, the benefit to the economy would be two fold. The housing shortage problem would be addressed and aggregate demand in...