Not only is it cold in London, but at 7pm the restaurants are not as crowded as normally at this time of evening. Business has become a lot more quiet than normal, no doubt due to the biting deficit cuts, where people have lost their jobs or are earning even less. I've noticed hard-working men almost in tears when they come out of supermarkets, carrying a few items of grocery. The deficit cuts have been savage, where some Mums forego their meals to feed their kids. I have been in houses where a lone-parent on social security had no biscuits for tea for her children - and just a cup of tea was the evening supper.
The pain of the deficit cuts is very real, and if the saving is computed against the ensuing expenditure on the jobless, it may be time to reflect and fine-tune the strategy.
Jobs need to be preserved, not destroyed. Instead of four persons on £25K per annum,
they should employ five on £20K per annum. More people employed for the same cost.
This would ensure that no additional burden is created on the social security,( which will add to a budget deficit into the future and will leave the country in a weaker and not a stronger position).
Work will translate into wealth. More busy people will create personal satisfaction and wealth. Voluntary jobs must be created, giving volunteers lunch and travel money.
Jobs like this should be created in teaching , social services, welfare of the elderly.
City firms should also take on people to populate their empty desks, and learn the fine art of reading the markets, etc. Bring on some New Issues and so on, which were promised just a year ago. Organisations which can offer vocational training need to be funded so people can benefit from acquiring skills and certificates which will stand them in good stead in the future.
If the pace of the budget cuts is in tune with economic realities of peoples' living standards, and how that contributes to or detracts from economic growth, then a suitable strategy could be developed to create a happier society, the Big Society.
Let me know your views on the above.