RAPID responses
Gordon’s legacy
[Re: A recession made in Downing Street – but not caused by cuts, Thursday]
It is right to continue to criticise Gordon Brown for our economic position. By basing future expenditure plans on income levels at the top of a boom (and still running a deficit then), he left us in an unsustainable position with no room to manoeuvre. Brown didn’t even know what investment was when he tried to apply the label to ongoing consumption expenditure; either that or he was just trying to deceive (maybe himself as well as the country), as he did when he constantly breached and redefined his laudable Golden Rule. It is important to remember the coalition’s context before we attack it too strongly.
Ian Morrison
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Trouble at the top
[Re: We must campaign with one voice to end financial illiteracy in the UK, Friday]
Dare I suggest that the first place we should counter financial illiteracy is in the Bank of England? Then we can start on all the regulatory agencies that allowed other illiterates to get us into the present mess.
David Reed
[Re: Is the Leveson Inquiry becoming an attack on a free press, Wednesday]
Martin Moore is wrong to say that owners telling journalists how to act is bullying. If a newspaper is privately owned, and journalists are free to leave their jobs, telling them to write specific stories in specific ways is consistent with a free press.
Andrew Bates
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TOP TWEETS
I’m not convinced Leveson will have any impact on any election. It doesn’t effect peoples’ wallets.
@PeteDoonican
Working tax credits are a form of corporate welfare, allowing employers to pay smaller wages. A tax cut would be better.
@TheTopQuark
Sitting directly opposite David Cameron and his hands are unusually shaking. He knows he’s on thin ground.
@DavidLammy
The FSA are the worst enemy of free markets. Why is everyone so passive about this?
@TheBigFish_UK