Hinckley Times

Left-wing writers ignoring facts on growing economy

-

WE have had a succession of communicat­ions from left wing readers trying to defend the indefensib­le.

They accuse subscriber­s of not giving factual evidence and then fail to give factual evidence.

Let me give some factual evidence: when the current government took over it inherited an unemployme­nt rate of 7.8 per cent it is now 4.4 per cent.

House building in 2010 when the Conservati­ves came to power, was 24,930 starts for Q1, for 2017 it was 43,170.

In 2010 the country had a 10 per cent deficit on GDP, in 2017 that is 4.1 per cent.

The problem for the government is to reverse the situation it has to get the country’s economy moving without holding it back by extra taxation.

But things are now moving in the right direction.

Those that keep saying that Brexit is going to be a disaster just present this as a fact despite the fact that there are only 28 members (including us) but 169 countries not in the EU, many of whom (eg India) are growing at a huge rate. (India 2000 GDP $462 billion and 2016 $2.264 trillion).

Most of those talking against the government are in favour of left wing politics which have held half the world in poverty and slavedom for 60 years.

A look at the web site www.worldsalar­ies.org shows the pay rates for most of the countries of the world for a list of different occupation­s.

On that site it can be seen that all of the left wing countries worker’s pay rates are at the bottom of the list. (it is not even a close call.)

These critics always try to make out that the businesses of this country are exploiting the workers despite the fact that when I was a small child no one I knew had a car, television, central heating, fridge, freezer, tumble drier, phone, mobile, computer or foreign holidays.

At that time 48 hours was a normal working week (now 37) holidays were 16 days now 25.

Mobile phones are really handheld computers and are more powerful than the best computers of only a few years ago.

As to the wealth of businessme­n, most of their wealth is in the value of their factories, equipment, stock and materials, you can’t spend that.

Also the value of businesses is held in shares of the company.

Our pensions are all invested in shares, so we all benefit from their performanc­e.

The above are all facts. Business can only make money if we have money to spend. David J Beck

Newspapers in English

Newspapers from United Kingdom