Clear path to growth out of recession

Latest figures show Britain’s reduction in manufactured goods is deepening. George Osborne says he is engaged in a “relentless” attempt to find out how to achieve growth.

Throughout the alleged “world recession” the non-EU part of the world has been growing at an average of six per cent.

Every serious politician knows how to end recession.

It was set down in, among other places, the Washington Consensus (1989) which has since guided most of the world to unprecedented growth.

To achieve fast growth you have to end deficit, end subsidy of uneconomic projects (wind farms), have a broad tax base that does not penalise effort, encourage the free market and end restrictions/regulations that prevent the market choosing the most efficient methods. A particular example in Britain is that electricity prices have more than doubled because we are forced to subsidise wind farms when we could have unlimited cheap power from shale gas and nuclear. The correlation between growth in electricity use and the overall economy is as clearly established as anything in economics. Some 93 per cent of the cost of British electricity is political parasitism.

Only one party, Ukip, actually supports such policies.

Fortunately for the others, Ukip is obviously censored by our state-owned broadcasters, and in particular mention of their economic policy is censored so none of their opponents are called upon to deny this works, or if they cannot, say why they still oppose it.

Even Zimbabwe currently has a 9.3 per cent growth rate. It is impossible to believe that the “relentless” search for how we can get above zero growth has been serious.

From: Dick Lindley, Altofts, Normanton.

So at last the reality of the idiotic and childlike spending by the present government was brought sharply into focus with the publication of the latest government borrowings for this past year which show that we have borrowed £44bn, an obscene increase of £9bn on last year’s figures. It is enough to send every hard-working taxpayer into deep despair to see the staggering incompetence with which the Government is managing the fiscal affairs of our once-great nation. If you have run out of money the most sensible course of action would be to stop spending until the budget is back in balance.

So why on earth we are spending billions on foreign aid to support corrupt overseas regimes? Why are we sending £20bn every year to support the Fourth Reich in Europe and more recently why did we spend £9bn on the Olympic Games which will never produce any fiscal benefits? I am a lifelong Tory but I am in despair over Mr Cameron and Mr Osborne and their incompetent management of the national budget. It is plain to see that none of our present leaders have ever run a business of their own, for if those of us who manage our own businesses were to manage our affairs like the Government we would be bankrupt in a very short time.

From: Kendal Wilson, Wharfebank Terrace, Tadcaster.

WE hear so much concern regarding our so-called legions of spongers by the media, the most recent of these in a daily tabloid concerning the potential of up to 800,000 malingerers claiming incapacity benefit among other related allowances for, dare I say, a headache or a cough. If that is indeed true then the cost to us all is clear. However, if we possessed wisdom, it should tell us that in these desperate times of austerity it is the Government who should be commissioning public works programmes and not just being reliant on often duplicated private provision for economic recovery.

The token amounts of gesturing relief to stimulate activity, such as relieving stamp duty on property up to £250,000 and the obsession with property and lending, will cut no ice with young people and couples looking for a home.

All the mantra about hard work for hard work’s sake will do no good if it is not accompanied by references to intelligent productivity and innovative working practices, including an increase in job share and co-operative schemes.

It is sweatshop Britain that comes to mind, one where cleaners at Westminster put a note through Vince Cable’s door asking for the London rate – £8 
an hour for cleaning.

Such iniquity speaks volumes and costs us dear in the form of subsidies to help the working poor.

A wonder 
of the world

From: Susan Abbott, Melbourne Road, Wakefield.

MY elderly German aunt has been enjoying watching the Olympic Games. She told me that she had been most impressed with the venues in and around London, something for us to be proud of.

Apart from the superb performance of our athletes, this Games has surely highlighted to the rest of the world what a wonderful capital we have – and I’m not envious as I prefer to live here in the North, but I do think that we can certainly be proud of our heritage.

A recent article expressed the advantages of being bilingual (Yorkshire Post, August 18). I totally agree, my knowledge of German has helped me throughout my life, from work opportunities to holidays, such an advantage gives you a great sense of achievement, especially when German nationals are surprised when you can speak their language fluently!

From: Terry Duncan, Greame Road, Bridlington.

IF our super Olympians are to maintain the respect in which they are held by millions of people, they will surely steer away from the dubious lucre that can be obtained by joining Simon Cowell’s X-Factor circus.