How long are Tory MPs like Chris Kelly going to rely on blaming Labour: “the largest deficit since the Second World War” (July 11)?

George Osborne has been Chancellor for three years now but the economy has failed to liveupto the forecasts he made in 2010.

The Tories conveniently ignore the fact that, under Blair and Brown, the Labour party or New Labour, adopted Tory policies.

Deregulation of the banking systemwas thekeyone.The size of the deficit in 2010was primarily due to the reckless behaviour of the bankers which was allowed under the system Labour took over from the Tories. Under the present government, it is the stockmarketand not the real economy which is booming. It is the money men who are once again making hay. It is they who have benefited from Quantitative Easing.

Chris Kelly talks about the government making “more progress towardsaneconomythatprospers”.

The British economy has become dominated by the financial sector, hedgefundsetal.Apartywhichgets much of its campaign funding from thisquarter ishardlylikelytomake the serious reforms which prosperity for the non-financial sector requires.

Under the Tories we can see the stock market booming whilst the real economy languishes.

John Payne Dudley Green Party Halesowen