Letters to the Editor for 28 May 2013

Shale’s potential

[Re: British energy security is in doubt without new generation capacity, Friday]
As a recipient of taxpayers’ money in the form of subsidies for uneconomic renewable energy, of course Guy Hands wants the subsidies to continue at their current level. The fact that they make our electricity expensive compared to our competitors, and will drive away jobs and investment, may be of no interest to him. Does he mind that these same subsidies increase fuel poverty? Ultimately, there is little evidence that man-made emissions of carbon increase global temperatures. There has been no increase in temperatures for 17 years, yet atmospheric CO2 levels have risen. Perhaps there is no connection?

Gerry Lightfoot

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Savers punished

[Re: Carney could rescue UK monetary policy but not with more stimulus, Thursday]
It is imperative that interest rates rise because savers, and pensioners more particularly, have absolutely no option but to rely on savings income that has been savaged by persistent low returns. Prudence has been treated appallingly, and the indebted have been coddled by monetary policy. And yet, although we were told this would stimulate it, growth is still meagre at best. Patrick Minford is absolutely right. We’ve tried this experiment and it hasn’t worked. It’s time interest rates rose to more natural levels, and savers were again rewarded for their good behaviour.

Helen Mitchell

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BEST OF TWITTER

Co-op bank problems surprising? It’s not as if the UK authorities warned banks were undercapitalised. Oh, wait..
@AndrewLilico

The Bank of England is always late – “behind the curve”. It’s the position central banks generally find themselves in.
@asentance

Economy is growing, don’t need to print more new money, just need to get existing money supply flowing to where it’s needed.
@rosaltmann

Ukip in Norfolk has formed a coalition with two parties that don’t want a referendum on Europe.
@GABaines