Economy pack
Sir: Of your ten suggested remedies for the UK economy (‘Get it right, George!’, 19 November), not one mentions the obvious answer: recognise that communications technology is transforming every business and social model on the planet and accelerate Britain’s dozy and halfhearted commitment to invest in its communications infrastructure — broadband and mobile. Give the people the tools and they will generate the growth.
Peter Krijgsman
Somerset
Sir: The big ideas in your last issue will have a limited immediate impact on the one million youngsters out of work; something more radical is required. I suggest that the government spends money created by quantitative easing directly on infrastructure projects, matched to the available labour. ‘Inflation!’ you cry, but this will not be a problem if the creation of money by the banks is stopped (fractional reserve lending). This solution does not increase anyone’s debt.
John Schofield
By email
Sir: Your contributors offering solutions to kick-start the economy should be wary in case their wishes come true.
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