There seems to be a mixed view about the U.K. economy. I hope it turns out for the optimists.
Some people say the Credit Easing may not be able to help the U.K. avert a dip. Well, I hope they can postpone the dip, nobody needs it. The Credit Easing will just have to be
directed with a bit more vigour, increasing lending at the banks and into commerce and industry, as well as using the vacant office and shop spaces and turning them into useful study and training outfits, or community centres and such-like. Lower rents and reduced Uniform Business Rates would do the trick.
If people are given some direction to get them busy and active, maybe some kind of work activity may evolve from there. Getting up on time, going to the church or temple, to the library, to do the shopping and so on. Get people busy with some self-survival disciplene and onto community based activities. Something from there could evolve into a Great Society, where people are happy doing something because it is a good feeling, it makes people feel useful.
There is the PM's idea of re-introducing the Right to Buy of Council Housing. Over last few months, several people have referred to my blog on that topic time and again.
It will bring money into the Councils, empower the new house-owners, improve bank activity on mortgages, get more people working so they too can qualify for such housing, and so on.
Optimism is a great tonic. The government can quench the peoples' thirst.