The Chancellor

Home Up

The Rt. Hon. Gordon Brown MP,
Chancellor of the Exchequer,
HM Treasury,
Parliament Street,

19 March 2003


Dear Chancellor


Publicly Created Money and Monetary Reform
A New Finance Initiative


No matter how much the war will cost the taxpayer, “There is always enough money for war and not enough for health and education.”  Labour MP Norman Smith said so in 1944.


The enclosed document, however, offers you a genuine Third Way to taxing and borrowing especially with a view to the Budget debate.


We do hope that you will give our document serious consideration and look forward to your response.



Yours sincerely,

Sabine McNeill

Response by Ruth Kelly MP 15 April 2003