I think it high time that the British People woke up to the fact that the world’s economies are controlled by gamblers who have succeeded in placing a bet too far – leaving us in the parlous state in which we find ourselves.

Now any reasonable person would assume that since the gamblers got us into this mess, it must be up to the gamblers to get us out of it.

Unfortunately, reasonable people don’t determine economic policy.

Instead it is run by a gang of intellectual deviants who apparently believe that the money supply should be distributed in favour of those who need it least, and taken away from the poor people who need it most.

At least that is the conclusion I draw from the present budget proposals, which are entirely consistent with this philosophy no matter what Nick Clegg claims.

GL Samson, Preston Road, Abingdon