THE SHORT RUN stimulus to the economy by the measures taken in the Government's first twelve months in office cannot be sustained. The illusion of abolishing rates, cutting income tax, abolishing car tax, abolishing wealth tax and cutting social insurance tax on those with low incomes, while simulltaneously increasing public expenditure, is over. By Sean D. Barrett

THE RECENTLY announced £33.5 million loss by CIE in 1976 hardly surrprised taxpayers long used to heavy loss making by the company. The loss costs every man, woman and child in the country £11 a year and the cost to the taxpayer is £1 a week. '  By Sean D. Barrett