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Don't blame coalition for 'economic hole'
11:58am Wednesday 9th January 2013 in Letters
DICK Bellringer castigated the Coalition for the ‘economic hole it has dug itself’ (Postbag, January 3).
Not so! The serious digging was done by Messrs Brown, Balls and co. from 2007 onwards, during whose disastrous regime quantitative easing, that most fatuous of practices, was also introduced.
Liam Byrne, outgoing treasury minister after the 2010 election, famously summed up our dire situation in a handover note to his hapless successor saying, ‘Sorry to tell you there’s no money left’.
How right he was.
JASPER ARCHER, Stapleford