Forgemasters should sink or swim

Sir- The recent outburst from MP Denis McShane regarding the Forgemasters loan makes my toes curl.

The previous Goverment sat on its hands for twelve and half years only to be writing cheques in the last six months knowing full well they would bounce and knowing the election was over before it began.

Let's tot up how much the shareholders of Forgemasters have creamed from the profits in recent years and now they have got their caps out.

They want cheap labour and cheap loans, but maximum profits,.

But we are ruled by an unregulated free market economy and it's sink or swim. History has proven the Conservatives manage capitalism better then Labour.

Labour should go back to managing socialism if wishes to survive and win back power.

Michael James Conlon

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