IN reply to T. R. Miles (Feb 20), I would point out that I did say that 25 per cent inflation in the 1970s was due to the trebling of oil prices, which caused workers' wages to be doubled.
After the NCB took over, miners were always highly paid for dirty and dangerous work, and they earned every penny. I saw this at Acton Hall and Prince of Wales collieries in Yorkshire during the 1970s. Mining was not a job for faint hearts.
On the subject of the euro, the large investments in the UK from 1992 to 1997 were made on the correct assumption that a moribund and sleazy government would not scrape in again in 1997.
The sensible policy of a stable economy, instead of boom and bust, was adopted by this Government. Unless the ubiquitous Gordon Brown is involved in finance ministers' meetings in the EU, who will speak for the UK?
Why do the CBI and other major organisations want the euro? Because their considerable transaction costs would disappear and our money would be worth more!
This is not a dream, it is a reality for the future and can bring peace and prosperity for the UK.
To young people I suggest that they look ahead and be glad to be Europeans. This is 2001, join the world. Remember King Canute!
J. HOLDEN,
St Paul's Street,
Ramsbottom.
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