Heath's nerve
Sir: Mr Heath is making no gamble (your Editorial, September 15). The result is a regrettable certainty. He assures us that we are having a 'boom' — real economic growth. But evidence of such growth is a strong currency, a rising stock market, stable prices and relatively low interest rates. We have a weak currency, a falling stock market, rapidly rising prices and high and rising interest rates.
The emphasis of Government activity is on spending money (which they do not have) and on restriction, age-old ' remedies' which because they reduce individual choice always make things worse, causing confusion, inflation and conflict. The inflation falsifies profits and capital " gains " and consequent taxes, so that the country increasingly lives off its capital, another twist to the inflationary spiral.
Recent by-elections indicate that perhaps at last the public realise that the Emperor has no clothes, that neither Mr Heath nor his opponents know what to do. There is an increasing urgency and demand for a political leader who will increase individual choice by rapidly lowering taxation and the removal of restrictions, including an exit from the EEC.
The present course will ruin the country and any party purusing it.
Antony Fisher Newplace, Framfield, Nr. Uckfield, Sussex.
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