P J R M I

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M O R G A N A
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To: House of Commons, London, SW1A 0AA
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B To: Kelly Tolhurst MP.

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L Regarding: A New Personal Insolvency Product.
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C Friday, 03 August 2018
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I am a freelance macroeconomist and develop new financial products to provide efficiencies

that promote economic growth. I have been developing a new insolvency product, which I
believe could help to resolve the issue without having to write debt off. Unlike the existing
insolvency products my suggested method looks at restructuring the debt through flexible
realistic repayments. It would be beneficial to the creditor and the debtor if there was another
product available which does not write off debt and have the consequences for both parties.

To be able to deliver the product I would need support from the government to provide a
regulatory framework. Criteria must be set to enable the product to be used effectively and
ethically. If you wish to develop the insolvency product I am willing to present a new
mathematical model and a new regulatory framework to the government. There is also a
commercial possibility for the product, not simply by charging for its use in the UK but by
marketing the product abroad. This could generate government income to reduce the deficit.

One method of generating economic growth I have been strongly supporting is turning the
government into a profit making organisation. I hope to achieve this by developing new
products with the British government that can be sold abroad. I have enclosed an article I
wrote, which was published on my blog at the Huffington Post, called 'Is The British
Government Open For Business? An Alternative To Cuts'. The article will explain my
macroeconomic agenda in much greater detail. All of the cited articles are also enclosed.

I have also enclosed an article called, 'Reinvention and Innovation Are Key for Economic
Recovery'. Published at the Huffington Post, it explains the process of developing new
products to meet new needs and also developing new products that are better at providing old
needs. Licensing, regulating, patenting and contracts are methods discussed in the article,
which can be used to market new products. There are some aspects of the new product I have
been developing that could be licensed, regulated, patented or contractually commercialised.

Any further details about the product would require a contract to disclose and use the
mathematical modelling I devised. I would be willing to share the commissions with the
government. If you wish to take the development of the product further communication on
the contract regarding ownership rights and user rights would have to be initialised. If you are
interested in the proposal I have put forward this is the next step. I am keen to discuss the
contents of the suggested contract, if you want negotiations to commence reply accordingly.

Kind Regards.

Peter James Rhys Morgan.

PJR Morgan: Website: morganisteconomics.blogspot.com
Copyright © Peter James Rhys Morgan 2018.
Is The British Government Open For Business? An Alternative To Cuts

I had this published at the Huffington Post.

Peter Morgan.
Posted: 11/04/2017 13:21

The government must find other ways of funding itself, which do not burden the labour
market, make future generations pay for current expenditure with interest, decrease the value
of investments or sell off assets. All of which seem to make up the main body of funding
options currently used by the government.

Taxation, which is the confiscation of assets of the population, usually in monetary form, will
limit the ability of the free market to operate due to business funding reductions if increased.
Demand for goods will decline due to the lack of business and consumer funds, impacting
profits and the ability to obtain products.

Debt, the borrowing of funds in agreement to be paid back at a later date, often with interest,
leads to a reduction in future demand when the loan has to be repaid, also with the cost of
future generations carrying the burden. Countries with high national or even private debt may
suffer macroeconomic consequences, such as currency devaluation.

Quantitative Easing, the creation of additional money to enable transactions, which is often
used as an economic stimulus, will lead to a redistribution of wealth. Whoever receives the
new money will benefit, but existing asset owners and investors will lose out on a relative
wealth level. It could also lead to inflation and currency devaluation.

Selling Off Assets, the sale of government owned property and other assets, military
hardware for example, will take away the use of the assets and reduce the stock wealth of the
government. Weakened stock and asset ownership of a government could reduce foreign
interest in investment, making borrowing more expensive through higher interest rates.

The government needs to find other ways of funding itself, which are not dependent on
outside sources. Taxation and debt put the burden of funding on the free market and the
population. Quantitative easing will also burden the population by devaluing their personal
wealth. The selling of assets will impact facilities available to the population.

Either way the population will lose out with the current funding options. There is however
another way for the government to make money. The government is an organisation in itself
with its own legal identity, which can generate its own income through its own business
operations. The government is or could be a profit making organisation.

Rather than the government being dependent on sources of funding outside of itself, which
often limit the population’s resources. Generating its own funds through its own business
operations is the new role of the government reducing the need for spending cuts, further tax,
borrowing, another quantitative easing program or selling off assets.

The government’s new direction should be to expand its business and money making
PJR Morgan: Website: morganisteconomics.blogspot.com
Copyright © Peter James Rhys Morgan 2018.
operations instead. How? A change in thinking is needed, the government is now providing
free market products. The British government is open for business and can make its own
money, it is no longer dependent on the domestic population almost solely to fund itself.

Governments develop systems and technologies that can be sold to other governments.
Consultancy, patenting, developing products for the ‘old product’ market or ‘new product’
development market. These are all methods of entering the free market, which the
government can become involved in and get a share of the profits.

The foreign market will be key, even if the product is not used within the domestic economy
it could be sold abroad. The government does not even have to develop the product itself,
entrepreneurs will approach the government with ideas that can be patented, its role will be to
act as the patent investor and legal enforcer. Shared ownership and rewards.

Providing products for the foreign market is imperative due to the reduced level of domestic
demand the economy is currently facing, as a result of high levels of debt. Countries with
more available funds will demand more products, if they are desired by the population. The
article below explains this concept and methods of entering the foreign market.

If a Cycle of Debt and Low Demand is Prohibiting Economic Expansion Look to the Foreign
Market for Growth

Innovation is essential to increase demand in the domestic economy or to sell goods abroad.
As a macroeconomist I develop economic tools, calculations, processes and software that can
be patented, then used in the domestic economy and also sold abroad. I am willing to work
with the government to do this. The article below explains the process.

Reinvention and Innovation Are Key for Economic Recovery.

With high levels of debt, high rates of taxation and a desire to avoid another quantitative
easing program, the British government must look for other ways of funding itself. An
expansion in its own business operations and generating its own income could be the best
way, it could also avoid the need for further cuts in government expenditure.

PJR Morgan: Website: morganisteconomics.blogspot.com

Copyright © Peter James Rhys Morgan 2018.
If a Cycle of Debt and Low Demand is Prohibiting Economic Expansion Look to the Foreign Market for
Growth.

I had this published at the Huffington Post.

Peter Morgan.
Posted: 21/01/2015 10:00 GMT

As a macroeconomist I often get asked to assess problems which prevent economic growth and
social improvement. Below I have put forward a short diagnosis with some in built definitions of
economic terms to describe the limitations the British economy is currently experiencing. I then
suggest remedies to combat these difficulties.

Demand for goods and services that originate from British buyers, 'domestic demand', is low due to
high levels of public and private sector debt. The debt has to be repaid reducing the spending levels
and material enrichment of consumers, who the goods and services of the economy are produced
for. This prevents economic growth.

Less public and private sector spending, or 'consumer consumption', leads to less need for
manufacturing and service providing reducing levels of productivity, which is a decline in economic
output. A lower demand for goods and services reduces the need for labourers and service providers
resulting in an increase in unemployment.

Higher unemployment leads to a greater need for benefits/welfare increasing the size of public
sector debt. Also private sector debt may increase as household income declines, requiring further
debt to compensate for lost earnings, brought about by higher levels of unemployment caused by
the existing lack of domestic demand.

This cycle of debt and low domestic consumption has lead to a continued reduction in public
spending and a fall in government provided services. These cuts also decrease domestic demand
leading to further economic woe, including higher unemployment as less labour and services are
needed to meet the demands the society can afford.

The cuts are necessary to pay down the existing debt and the interest owed, which is also
accumulating making an interest fuelled debt cycle. Domestic demand is very limited and in cyclical
decline. There is another option which may turn the nation's economy around, the 'Foreign Market',
demand which originates from buyers outside of the British market.

By attracting demand for goods and services manufactured in the UK to sell abroad money can be
brought in from outside the domestic market. Domestic demand is not needed to enable an
expansion in the economy and provide employment, foreign demand enables it. Domestic public
and private sector debt is now not required to allow economic expansion.

Methods of economic expansion into the Foreign Market - Through Manufacturing.

The UK needs to sell products to the foreign market. One method of doing this is to research the
product desired/demanded by foreign customers, then manufacture it to sell the product to the
targeted market abroad. This method of economic expansion is called, 'New Product Development',
it is used successfully by the Japanese in the global electronics market.
PJR Morgan: Website: morganisteconomics.blogspot.com
Copyright © Peter James Rhys Morgan 2018.
Another method is to look at the products already manufactured in foreign markets, which are
highly desired and in great demand, then design them better. This is the method used by German
car manufacturers to dominate the luxury car market and is called, 'Quality Engineering'.

The Chinese method is to manufacture products which are in high demand at a lower price, although
often lower quality, for the needs of the less affluent lower end market. China has dominated the
global mass manufacturing market for many years using this technique, enabling them to become a
leading international economic power.

Methods of economic expansion into the Foreign Market - Through Innovation.

You don't even have to make the goods yourself. If you come up with a good idea you can patent it
and sell the rights to construct the product to existing manufacturers. It is not necessary to have a
factory and labour force of your own, when you can use someone else's. New designs, re-
engineering and innovation are the products being sold.

This reduces the cost of starting up high expense businesses and takes away the element of risk from
the pioneer, if the idea fails only the cost of the patent is lost. Manufacturers would be grateful for
design improvements, especially if the product becomes cheaper to produce or better quality,
extending their competitive advantage in the increasingly difficult marketplace.

Embassies can help enormously with international trade, they even have offices of solicitation to
help draw up legal contracts with their nations businesses and industrial tycoons. It is in their
interest to encourage global trade as it helps to prevent international disagreements promoting
friendly relationships and allegiances.

Through innovation, patenting and approaching international manufacturers it is possible to enter

the foreign market, to expand the British economy, at very low cost and minimal risk for the
pioneer/entrepreneur. It will also help with foreign relations through business and co-operation,
which can be helpful for other economies too.

PJR Morgan: Website: morganisteconomics.blogspot.com

Copyright © Peter James Rhys Morgan 2018.
Reinvention and Innovation Are Key for Economic Recovery.

I had this published at the Huffington Post.

Peter Morgan.
Posted: 01/04/2015 20:00 BST

As time goes by technology improves with the intention of providing better product performance
and function or the same product performance and function at a lower price. Everyday products like
the plughole, the light bulb and even the carrier bag need updates and upgrades. The existing
market for everyday products is vast and perpetual.

Penetration of this market is fairly simple, come up with a good redesign idea that will make the
product perform or function better, or a way to manufacture the original product cheaper, and then
patent it. The existing market will buy the new product if it functions better, or is available at a lower
cost assuming function is equal, in place of the original product.

This form of 'Old Product Development' that maintains an existing consumer market could turn an
economy around, especially if innovation and new technology is added to the mix. By patenting new
materials further improvement could be given to the product, which would make it attractive to the
existing consumer market.

For example a new material which prevents rain leaving a stain on windows, or a new metal alloy
which illuminates a filament in a light bulb for longer before burning out, could offer an increased
utility value to the product that consumers will be interested in obtaining. As long as the price is
competitive with the previously available products the market is there.

If there is an existing enterprise that manufactures a product which meets the needs of the 'Old
Product' market, they might be willing to buy out the patent of a redesign or innovation idea to
prevent the threat of competition. The new idea or innovation will not go into production but the
designer or innovator will gain funds for future projects.

The obstacle in the way of this approach to economic turn-around is the cost and enforcement of
patents. This may not be available to individuals who come up with redesigns and innovations. If the
government was to set up a patent funding and support scheme it could reform the country's
economic turmoil.

The government could also benefit on a financial level, not just an economic level, by agreeing on
terms where they receive a percentage of any profits made by paying for patents. Alternatively they
could agree with the entrepreneur to maintain tax nationality with the UK and not attempt to get
around tax policy in exchange for funding the project.

PJR Morgan: Website: morganisteconomics.blogspot.com

Copyright © Peter James Rhys Morgan 2018.