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It'll end in tears
5:10pm Friday 1st November 2013 in Letters
BARRY Jones’s interesting letter makes some good points and avoids the tone of sarcasm which too often cloaks the factual error, glaring omission and simple abuse which too many correspondents have shown us recently.
But even he refers to “a rich elite” (as if we didn’t most of us secretly dream of being both rich and a member of the elite) and “British bankers” who lack regard for ordinary people (as if foreign bankers are immune from this alleged fault).
I have to tell him that for all the mistakes of Fred the Shred and Northern Rock, the banking sector is actually essential to our economy, and particularly the HS2 and nuclear enterprises that he quotes.
It employs hundreds of thousands of staff.
If Prof Jones lives in his own house, then I suggest it’s essential to him too.
Some of us can remember when banks charged customers for every single line of credit and debit, wasted hours of your time to size you up for a £50 loan and only opened from 10am to 3pm weekdays.
Modern credit and debit cards have been an enormous 24/7 time-saving boon and a huge boost to the economy that we all now take for granted.
As for “austerity,” the cutbacks will not reduce the disadvantaged to anything like the widespread poverty of the immediate post-war years or even let them down to the relatively affluent levels of the 1990s.
Are we simply to go on doing like Balls and Brown did, under the illusion that they had put an end to boom and bust, giving ever greater borrowed benefits to ever more people?
It doesn’t take a brainbox to see that sooner or later, over-generosity with public money will all end in tears.
CHRIS CHEESEMAN District councillor Malvern Wells
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