I OFTEN wonder if Chancellor George Osbourne has any understanding of economics at all, or does he have another agenda other than balancing the books?

The idea behind austerity and cuts to social provision is to address a so called deficit, since the Tories have been power they have sold a lot of our services off to their supporters and friends, and the defect is still rising.

In fact he has borrowed more money in such a short period of time than any other Chancellor in the history of British politics. But if we dig a little deeper into his borrowing we can see that the central banks who he is borrowing from are also friends of the Tory Party, and will also profit greatly from this irrational borrowing whilst we left to pay back these debts.

Once again yet another case of us the taxpayer paying for the failure of market economics, whilst the companies walk off with the profits.

Steve Jones

Morris Green