SIR – Christopher Hindle, (Letters, January 4), accuses me of repeating “gutter press” headlines. I read the T&A, Guardian and Observer, and listen to Radio 4.
He says that banks caused the “global financial crisis”, not the last (Labour) government.
Perhaps this know-all can tell us what regulation Labour had put in place to prevent bankers from getting us into this mess?
I didn’t realise that Labour’s Ed Balls was referring to Labour’s tight regulations when he warned other parties not to call for greater regulation. I thought he was just being extremely silly – like the rest of his party – in embracing the worst aspects of capitalism.
I’ve only criticised this lack of regulation – maybe with Labour’s lack of house-building and positive welcoming of house-price inflation which, along with debt, have contributed more to a “cost of living” crisis than anything under the coalition.
Prove me wrong. Tell me what Labour’s plans were to avert banking mayhem!
John Hall, Pennithorne Avenue, Baildon
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