A Spending Campaign After the economy campaign an expenditure campaign.
But the former, after all, was intended to promote economy in the spending of public money ; and at an early stage in the life of the National Government the Prime Minister was careful to put in a plea for sensible private expenditure. How much may possibly be done to remedy the false psychological situation created in the autumn of 1981 is shown by some of the responses to the 'Prince of Wales's appeal, and conspicuously in St. Pancras, where the " Spend for Employment " campaign has been formally launched this week. There the' im of the local authority'' is to persuade firms and Private individuali to
spend a total sum of £100,000 in the next three months on schemes for absorbing the unemployed. Promises cover- ing £18,000 have already been received. As the Mayor pointed out, if all the Metropolitan Boroughs influenced expenditure to the same extent £8,000,000 might be released for finding work in the County of London alone. Such voluntary action cannot, of course, relieve the State of any of its ultimate obligations. But apart from the fact that some work will be created by the movement, it should be of the utmost value in banishing from the minds of the public the false idea that hoarding or holding back from productive enterprise at this period can do anything
but harm.
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