WITH reference to Lee Prescott’s latest broadside against Labour policies (Letters, June 7). “Spend, spend, spend – tax, tax, tax – borrow, borrow, borrow”, he rails. Well, we all know what they say about people in glass houses….

“Tax, tax, tax” – yes, Lee, millions of us are exceedingly taxed by the Tories’ nasty austerity policy-making – food banks everywhere; hundreds of suicides and thousands of premature deaths due to the government’s vicious back-to-work regime; people increasingly stressed in their daily working lives… (I could go on, and on).

“Borrow, borrow, borrow”. The UK’s much-vaunted but chimerical “economic success story” is built on consumer debt that’s now at record levels, and with the biggest rise in our national debt in history, to boot. Any glass houses around, Lee?

“Spend, spend, spend”. If Lee looks at his history, he’ll learn that the 1930s Great Depression was not ended by cutting, but by spending.

US president Franklin D Roosevelt achieved the New Deal and revived the USA in the 1930s by investing, not by cutting.

We can currently borrow at historically low interest rates, and it’s a no-brainer that this is the time when we should be investing in our country for the future, generating returns from investment well above current interest rates.

For the record, Labour’s election manifesto commitments were fully accounted for and costed; whereas in stark contrast, the only numbers in the Tories’ threadbare election manifesto were the page numbers.

What great fiscal rectitude from the party in power, with their unimaginative Micky Mouse economic policies.

Finally, regarding the 2010 Treasury note announcing that there was no money left: has Lee not noticed that after seven years of needless Tory austerity, there’s actually even far less money left than there was in 2010?

Dr Richard House

Stroud