NEW CAMPAIGN
MORE SPENDING AND LESS THRIFT REMEDY FOR UNEMPLOYMENT (United Press Association—By Eleotrio Telegraph —(Jopyrigntj (Received 19th January. 1.10 p.m.) LONDON, 18th January. A campaign begun during war time in favour of thrift and supported by practically every national leader, continued to the present uninterruptedly. Now a reverse campaign has begun in favour of more spending and less thrift in order to stimulate trade. Wireless listeners last week were surprised to hear an economist talk in this strain. Tho “Sunday Express” follows up with an article headed “Housewives can wipe out unemployment.” “Thrift complex is killing industry.” The writer asserts that if. everyone spent 10 per cent, of his earnings on British-made goods there would he no unemployment. H 9 points jput that despite all the unemployment tho national income increased in the last six years by 1,500 millions as a result of intensive thrift, The nation’s small savings, excluding oversea investments and Government stock, aggregate 3,600 millions, or £BO per capita.
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Bibliographic details
Nelson Evening Mail, Volume LXIV, 19 January 1931, Page 5
Word Count
163NEW CAMPAIGN Nelson Evening Mail, Volume LXIV, 19 January 1931, Page 5
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