Interest rates

Press, 14 October 1985, Page 12

Interest rates

Sir,—As interest rates rise even higher than they are now people will struggle to tighten their belts, try to find a way to increase their incomes to match their mortgage outgoings, or just sell their houses and move into flats. As such traumas occur, interferring with family life and dreams, I hope the people begin looking at what has caused this downturn in our economy and realise that the same old party politics of one side attacking the other side’s policies and then doing just as badly when they have a shot, just does not work. Why cannot we get back to the old English way of politics where independent politicians are supported by their electorates’ good will if they do a good job. If a politician was on high wages because his electorate had paid -him so of their free choice he would really have something to boast about. — Yours, etc., M. NEIL. October 7, 1985.

Speed limits Sir,—The Ministry of Transport would not have been puzzled by the i < increased road toll (“The Press,” ■< October 9) had it referred to : exhaustive analysis of road accident data in South Australia and ! ; the United States in the late 19705. ' This showed that higher speeds, ; > although not necessarily increasing i : the number of accidents, do result in a greater proportion of fatal accidents, confirming the old — 1 adage that speed kills. The Minis- i j ter, in allowing increased speed ; limits, appears to have shown little I cognisance of this evidence. — I ' Yours, etc., : , B. S. MARKHAM. October 11, 1985. i