Keep costs to a minimum

SIR - As a retired bank manager, I have been left shaking my head in disbelief at the way our politicians are spending our money. The first thing most sensible people and well run businesses do when times are hard, is to cut outgoings and costs to the abs

SIR - As a retired bank manager, I have been left shaking my head in disbelief at the way our politicians are spending our money.The first thing most sensible people and well run businesses do when times are hard, is to cut outgoings and costs to the absolute minimum.Why then, does Gordon Brown think he can tax and spend his way out of this recession, leaving us to pay billions of pounds in unnecessary interest on the debt?The Tories and Lib Dems are no better, reacting hysterically to the levels of debt, while remaining completely silent over the billions of pounds we pay to the EU and the even larger cost of its rules and regulations.Freed from the shackles of the EU, more jobs would be created, our economy would recover more quickly, and we would not have to pay such high levels of fuel tax to pay for it.Michael Pagram, Barnstaple.