SIR

I applaud David Davies MP's suggestion of a Debt Clock showing the large increase in Government Total Debt since May 2010 (Monmouthshire Beacon, 1st August).

This increase in debt confirms two economic principles: It is mathematically impossible to reduce a monthly overdraft or an annual deficit over a period without increasing the total debt and "never follow a policy of austerity at a time when the economy is in recession".

Eric Crawford

(Llantilio Crossenny)