IR - Further to N P Shaw's letter (T&A, November 9) headlined Brown's strategy', the now infamous £5 billion raid on funded pension funds is currently calculated to have cost at least £100 billion since the original sums were reinvested many times over.

Furthermore, Gordon "Prudence" Brown's philosophy has had a further catastrophic impact on our national wellbeing.

Since share values were heavily dependant on the pension funds, their "expropriation" (as more honest Marxist revolutionaries would have put it) depressed the market price of British companies to the point at which foreign competitors could snap them up - not, except in the case of utilities and airports, to run them but to shut them down thereby guaranteeing their own future prosperity.

Coun James Lewthwaite (BNP, Wyke) City Hall, Bradford