GEOFF Robb rejoices about George Osborne’s incompetent handling of the UK finances and supports a return to government spending last seen in the 1930s (Letters, December 19).

The truth is the Tories pledged the structural deficit would disappear by 2015, yet it remains as a monument to their failure.

National debt has increased by £400bn under Osborne as George borrows his way out of trouble. He has inflated the housing market as the only way to create a credit bubble to increase consumer spending through personal debt.

Gideon’s true intentions of slashing welfare, capping wages and public spending will not secure a brighter future for the working class.

Greece has already had 75 per cent of its debt written off and still it deteriorates thanks to mainly German-influenced austerity which has also brought Italy, Spain and others to the brink.

The EU crazily forces higher state retirement, a policy allowed by New Labour, who rather than reverse it introduced legislation to increase pension age to eventually 68 for men and women, and Gideon wishes retirement to disappear for the “lower orders”.

Mickey Mouse employment statistics, savage spending cuts and forced later retirement is leading the UK and Europe to demographic catastrophe.

Tom Scaife, Manor Drive, York