Letters to the editor for 3 May 2013

Economic bulls

[Re: Why the British economy is doing far better than we often imagine, yesterday]

I could not agree more with this piece by Andrew Sentance. Britain’s economy is doing better than we think. Encouragingly, oil and gas output also looks set to improve due to new fields coming back, maintenance stoppages ending and even a bit of shale production soon. We flagellate ourselves over how bad we are at everything, but our GDP per head is good, unemployment among the lowest in Europe, and Nissan in Sunderland will produce more cars this year than the whole of Italy. And try telling Jaguar LandRover, Rolls Royce or Arm Holdings that we are not technological leaders

Will Whitehorn, non-executive director of Stagecoach Group


Silicon Valley UK

[Re: Why London’s tech industry continues to lag Silicon Valley, yesterday]

Silicon Valley couldn’t exist in New York because life is too expensive for startups (just like London). Cambridge has a better chance of being a tech hub in the UK. But it’s still no California.

Jak Rocher

Why should we work hard, take risks, invest our own money in a business that might fail (but might take off), and escape a nine to five job for an uncertain future? It would be far simpler, far more satisfying, and far more British to just demand we have “fairness” and “equality”. Then we don’t have to worry about having our own Silicon Valley.

Clare Bertam



The Treasury is prepared to sell its banks at a loss. The price paid is not important. What is important is the best thing to do for the economy.

Is anyone really expecting the European Central Bank rate cut to make any difference?

We’ve published our latest forecasts for UK GDP growth. We expect 0.9 per cent in 2013, 1.5 per cent in 2014, and then 2.1 per cent in 2015.

Warren is in the house.