Monthly Archive: September, 2012

What causes unemployment?

In February 2008, when the prospect of a recession in the UK was being debated, the Daily Telegraph published a revealing interview with former City financier David Freud – who had been appointed… Continue reading

The Bank of England is licenced to rig the labour market

On 3rd May 1997 (the second day of the New Labour government), the setting of interest rates was handed over to the Bank of England. A Monetary Policy Committee was set up for… Continue reading

The 1990s – “Full Employability” replaces Full Employment

Speaking to Conservatives at a meeting in Northampton on 27th October 1989, Chancellor John Major declared that “Inflation must go. Ending it cannot be painless. The harsh truth is that if the policy… Continue reading

The reintroduction of mass unemployment in the 1970s & 80s

In January 1943 an article in The Times entitled “Planning Full Employment” looked ahead to the possibility of a post-war economy being run in such a way that the mass unemployment of the… Continue reading

The “solution” to imported inflation – more unemployment!

An example of the Bank of England`s reaction in March 2008 to an increase in non-labour costs has been given already. Another example of the role of central bankers being ready to use… Continue reading

Hiding the policy from the public (with the occasional glimpse of the truth)

While the rest of this website is devoted to exposing the intent of elites to use the weapon of unemployment on their working classes, it has to be acknowledged there is very little… Continue reading