P J R M I

J O T
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G S
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M O R G A N A
To: European Commission
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I T ´ S A B O U T B A L A N C E Rue de la Loi / Wetstraat 200
U 1049 Brussels
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Belgium
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A To: The President of the European Commission Ursula von der Leyen.
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C
E Regarding: Emergency Economic Plan.

Thursday, 19th March 2020.

I am an independent macroeconomist who develops new financial tools and policies to enable
progress. I supported many of the European Union member states during the Euro Crisis and
have continued my support throughout the subsequent economic difficulties. I am concerned
that the European economy could fall into recession as a result of the Coronavirus. I have just
sent the Prime Minister of the United Kingdom an emergency economic contingency plan to
provide funding and stimulus throughout the outbreak, enclosed is a copy for you to view too.

I have also sent a complete copy of my economic book portfolio to the Finance Minister of
Italy to provide alternative techniques of generating economic growth in a highly constrained
environment. I have enclosed a copy of the covering letter sent to the Italian Finance Minister
with this letter so you can see the details of the support I have given. I believe many of the
problems occurring in the economy can be resolved by reforming national pension systems
and altering pension saving, it may be a better way of managing the Eurozone economy too.

I am interested in developing a new range of pension products that would be able to provide
better economic control, financial stability and treasury cost efficiencies. The products would
also generate income, which will help to finance governments, the European Commission and
the overheads of the new pension economic control organisation. I am offering the European
Commission a joint business venture to provide a new pension economic control organisation
similar to the central bank, which makes changes to pension policy and saving contributions.

I would want a percentage of the revenue generated from the use of the new pension products
I would develop. The products would enable more economic control on a member state level
throughout the Eurozone and the European Union as a whole. It would also enable a further
centralised economic control model to be managed to achieve the economic targets set by the
European Central Bank. The new pension saving model prevents the need to increase interest
rates to reduce inflation which protects the economy, I look forward to reading your response.

Kind Regards.

Peter James Rhys Morgan.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2020 Peter James Rhys Morgan.
P J R M I
J O T
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G S
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M O R G A N A
To: 10 Downing Street
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I T ´ S A B O U T B A L A N C E London
U SW1A 2AA
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A
L
To: The Prime Minister the Rt Hon Boris Johnson MP.
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N Regarding: Pension Reform, Revenue Generation and Economic Growth.
C
E

Thursday, 5th March 2020.

I have enclosed a brief outline of an economic contingency plan for the United Kingdom if
the Corona Virus becomes a full blown emergency. Even if it is contained it could have an
impact on economic growth and the financial markets. I have original work on my website
that could help to resolve the economic issue and encourage you to visit it. All of the relevant
documentation referred to in the brief, including letters, articles and books, are available at
my website, although I have sent you them previously so you may still have them at hand.

Kind Regards.

Peter James Rhys Morgan.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2020 Peter James Rhys Morgan.
Corona Virus Economic Contingency Plan.

20:20 05/03/2020. Published at Morganist Economics.

By Peter Morgan.

I have my concerns about the state of the economy if the Corona Virus continues to spread at
the rate it is currently dispersing. My first concern is the ability of the workforce to handle the
impact of sick leave. If too many people become infected even if they fully recover the time
they will take off from their work will reduce business output and effect the overall economy.
I believe this can be overcome by providing an incentive for support staff to fill in for the lost
work time the Corona Virus infected staff would generate, further tax exemptions may help.

Compensating for lost work and getting money to support workers.

I have developed a new taxation system for further work the 'Rising Personal Allowance for
Income on Dual occupation' or the 'R-PAID' for short, which provides an extension to the
primary personal taxation allowance for every pound earned from a second occupation. This
incentive should encourage the workforce to take up further work and compensate for the lost
labour created by the time taken off by the sufferers of Corona Virus. This in turn will help to
support the overall economy and stimulate growth avoiding the consequences of a recession.

Sustaining economic growth and avoiding recession.

I have developed a technique that reduces the annual amount paid into pension schemes to
push money into the economy. I call this method of economic stimulation 'Pension Pumping',
when the annual pension saving allowance is reduced for the present year to enable a higher
rate of consumption, this was applied successful before when dealing with deflation. There
are also Treasury cost efficiencies made by deferring the taxation relief the pension saving
receives as a result of the government having to borrow less money and pay less debt interest.

Extreme emergency planning.

I have developed an emergency plan for the preparation of a catastrophic event to make sure
that funds are available to deal with the devastation caused. The first requirement is to make
sure funds are available for emergency and support staff, the second requirement is stabilising
the financial markets to maintain wealth and prevent defaults and the third requirement is to
sustain economic growth. It is possible to freeze pension saving for a short period such as one
year to support consumption and reduce the governments costs, it could raise £40bn per year.

I would like to avoid pension freezing, although it could easily be compensated for in later
years of pension saving. As long as workers in the final couple of years of their productive
life can still contribute into their pensions and receive tax relief there would be little long
term consequence. Younger workers can compensate for the lost contributions or lost pension
tax relief in later years of pension saving. Remember this is only in a real emergency and I
have only made this suggestion to provide an alternative option if there is no other choice.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2020 Peter James Rhys Morgan.
I think an emergency Quantitative Easing programme might be more appropriate, although it
could undermine the currency value and lead to high inflation. If the programme was only for
a small amount such as a couple of billion pounds per year it should not be too damaging,
however for a larger amount of tens of billions of pounds per year pension freezing might be
the better option. If the government was to freeze pension saving or even just pension tax
relief payments it could only be for a short period or it would damage overall pension saving.

Communication with the government.

I have communicated these macroeconomic techniques with the Prime Minister the Rt Hon
Boris Johnson MP previously to support economic growth, they might however become more
important immediately if the Corona Virus escalates into a larger emergency. A letter putting
forward the concept of 'Pension Pumping' was submitted to the Prime Minister, on Monday
10th February 2020, it also recommended optimising pension saving by reducing the annual
pension saving allowance to £30,143 per year to stimulate the economy and make savings.

I also submitted a letter to the Chancellor of the Exchequer the Rt Hon Rishi Sunak MP, on
Monday 17th February 2020, in which I put forward the concept of the 'R-PAID' to stimulate
economic growth and encourage a secondary occupation part time workforce. The letter was
accompanied with a previous letter sent to the Prime Minister recommending an extension of
£2,500 to the existing personal taxation allowance of £12,500 for workers in dual occupation.
Any income from the second occupation would receive a tax exemption for a further £2,500.

I sent a letter to the Prime Minister, on Tuesday 30th July 2019, that put forward economic
growth techniques. I enclosed a copy of the book 'Economic Growth In a Highly Constrained
Environment', which has an article within it entitled 'Pension - Annual Contribution Freeze'.
The article explains the process and possibility of freezing pension saving if extreme events
occur. The suggestion is made to support the economy to avoid a recession and prevent
private wealth defaults, through increasing spending by prohibiting annual pension saving.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2020 Peter James Rhys Morgan.
P J R M I
J O T
R R ´
G S
A
M O R G A N A
To: The Finance Minister of Italy
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I T ´ S A B O U T B A L A N C E The Treasury of Italy
U
T Via Venti Settembre, 97, 00187 Roma RM, Italy
B
A
L To: The Italian Minister for Economic Affairs and Finance, Roberto Gualtier.
A
N
C Regarding: Economic Growth and New School of Economic Thought.
E

Wednesday, 11th March 2020.

I am an independent economist who develops new tools and policies to enable progress. I am
located in the United Kingdom where my school of economic thought has been adopted and
used extensively by the government over the last decade. Since the British government have
applied my macroeconomic policies they have adhered to the set economic targets better than
any other period of time that I am aware of. Economic growth has been very close to the 2%
annual target and inflation has remained within acceptable boundaries throughout the period.

My work uses altering pension contributions to increase or decrease rates of consumption and
impact aggregate prices. Pension saving reforms have been introduced to decrease inflation
when prices have exceeded targets and to stimulate growth when deflation and low economic
growth have been present. The technique appears to work well and has enabled large treasury
cost efficiencies to be made. The pension saving process has been optimized, creating further
cost efficiencies and providing a new framework to control the annually set economic targets.

I have written four books that put forward my new school of economic thought, 'Morganist
Economics', which are enclosed in the parcel with this letter. In the book 'Modern Applied
Macroeconomics', there is evidence of the successful application of my work on page 135. A
letter from the former Chancellor of the Exchequer stating his appreciation for the work and
his intention to use my pension reforms is also included in the book on page 139. The book
was formerly a paper that was used to such a degree that it has changed economic practice.

I was successful in predicting the United Kingdom would withdraw from the European Union
in the book 'Euro Crisis', which has been influential in Europe and helped significantly in the
negotiations throughout Brexit. My most recently published book is 'Economic Growth In a
Highly Constrained Environment', which puts forward new techniques to stimulate economic
growth when both monetary and fiscal policy are constrained. The books are aimed at giving
politicians alternative options that avoid introducing hard hitting policies and consequences.

Kind Regards.

Peter James Rhys Morgan.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2020 Peter James Rhys Morgan.