UNEMPLOYMENT POLICY

Evening Post, Volume CIX, Issue 119, 22 May 1930, Page 9

UNEMPLOYMENT POLICY

WHY MOSLEY DESIGNED

HIS OWN PLAN REJECTED

United Pres3 Association—By Electric Tele

'graph— CopyrlKht.

LONDON, 20th May

Sir Oswald Mosley's resignation from tho Ministry (announced in the "Post" yesterday), following so elosoly on tho drop in the C4overnmont's majority, is regarded by tho newspapers as a political sensation. The opinion is generally expressed that the Ministry is-getting into serious difficulties over unemployment, particularly with its own supporters, who are most disappointed owing to there being no check to the mounting figures. ,The newspapers state that Sir Oswald Mosloy favours bolder measures on unemployment problems. MR. THOMAS'S TAILUBE. Tho "Daily News" points out that Sir Oswald Mosley's resignation rol•lows the Cabinet rejection oi^ Ins unemployment scheme and Mr. Thomas a failure to satisfy the House that ho has any unemployment policy at all. Sir Oswald Mosley will be a iormidable recruit to the Labour Loft Wing, which now has definitely revolted. Mr. MacDouald now probably win form a practically new Ministry. MiThomas may be given an important Dominion post. CABINET DIVIDED. The "Daily Herald,'; in an editorial, states: "There is a, largo division or opinion in Cabinet on unemployment. The resignation is an open sign of the known fact that Cabinet rejected Sir Oswald Mosley's memorandum because it was antithetic to the Treasury doctrine that a grea.t Stato loan would not created now work, but \merely divert capital from one set of industries to another. Cabinet has not neglected any avenue of hope, but we are dubious whether the Treasury dogma is really the last word in economic wisdom. " ' THE REJECTED MEMORANDUM. Tho '' Heralds lobbyist says tho revjocted memorandum is believed to bo the joint work of Mr. G. Lansbury, .First Commissioner of Works, Mr. T. Johnston, and Sir Oswald Mosley.- It aimed at pensioning aged workers, and tho Raising of loans of 250 millions to finance work schemes. . The Cabinet Committeo that-rejected the memorandum consisted of' Mr. P. Snowdcn, Miss Bondfield, Mr. A. Greenwood, and Mi;. T. Shaw, on the ground that pensions were too great a burden at present on State finances. The attempt to raise a £250,000,000 loan on the money market would fail, arid the road schemes could not absorb the large numbers of cotton operatives.