COALITION economic policy is doomed to failure. The only possible way out of the appalling national debt, which is significantly higher than any of the main parties are admitting, is by significant and sustained growth.
This cannot happen until public-sector spending is drastically reduced from the 50 per cent of gross domestic product at which it now stands. A reduction to at least no more than 20 per cent is required.
We simply must grasp as a nation that public spending takes money out of the economy; it does not put it in.
The town hall bureaucrats, the NHS chief executives, the massively overpaid BBC executives contribute nothing. It is the butcher, baker and candlestick maker who create wealth.
If you do not work in the private sector or you are a welfare recipient, you are part of the problem, not the solution.
Our children and their children will look back on my generation with scorn as they buckle under the burden of unnecessary debt we have left them.
Godfrey Bloom, UKIP MEP for Yorkshire and North Lincolnshire, Main Street, Wressle, Selby.
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