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On the ball

THE current Prime Minister is often criticised for wearing a lugubrious expression.

THE current Prime Minister is often criticised for wearing a lugubrious expression.

While I understand the compelling need of some of his critics to constantly maximise his discomfiture yet aren’t they being premature? Particularly if the United Kingdom is to remain at the top table and give leadership within the European Union on climate change, terrorism, gas and oil supplies etc.

Indeed Brown is seeking international agreement to tackle the rising cost of crude which has now reached $72 a barrel.

Indeed Whitehall officials are likely to hand the IMF the job of monitoring oil prices as part of Britain’s agenda of G20 leaders in Pittsburgh this autumn.

If there is a critical comment to make then it is that manufacturing has become a relatively smaller proportion of our total economy. Indeed the size of our banking sector in relation to Gross Domestic Product is five times that in the United States and risks to taxpayers are correspondingly greater.

Thanks to the bankers our national debt will be more than double its level before the crisis started. If banks are too big to fail then perhaps they are just too big?

Graham Rea, Queens Road, Yardley

 

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