‘Recovery will come when people spend’ (From York Press)

‘Recovery will come when people spend’

9:20am Saturday 13th October 2012 in Letters By Reader's letter

WHAT a brilliant idea from our Chancellor in his conference speech to “have shares in the company you work for”.

This is not a new idea, except that now it comes with certain conditions which empower your employer over your future by losing certain rights.

Many rail workers like me will remember the push to buy shares in Railtrack, which turned out to be a costly lesson on trusting management to look after the company. Millions were lost by workers persuaded to invest in the company they worked for with hard-earned money and savings.

All the speakers at the Conservative conference insist in looking backward to find scapegoats to blame for our present ills instead of looking forward.

The true sign of an intelligent man is the one who admits to being wrong and changing direction but the entire Government seem to be terrified of Plan B, although only a few alterations to the policy is all that is needed and could win votes.

Recovery will come when people are spending but the Chancellor has dried up everyone’s spare cash and when will they stop blaming the dead-legs when so many people are striving to get a job and getting depressed by constant rejection.

Dennis Barton, Woodthorpe, York.