WITH reference to the letter from Martin Kyrle (Letters, March 6, Doing the Sums).

Firstly, scaremongering tactics were used if we did not join the EU currency. Fortunately we kept the pound and we have one of the best financial performances in the EU.

Other EU countries have had to be bailed out to save them going bankrupt and the euro is at an all-time low, needing financial stimulus from the EU bank.

Secondly, why would the banking world in London want to relocate from a prosperous nation in the UK, to Europe which has the worst economic performance? We joined the socalled Common Market that by stealth has taken us into a federal state, where the accountants have not signed off the accounts for several years.

The £13 billion we borrow to pay the EU would be better spent on our hospitals and schools etc.

With the open-border policy on immigration we have to build 250,000 houses per year so our young people can be housed. The Office of Statistics states that we are the fastest growing population in the EU. Fifty per cent of our food is imported, our hospitals, schools and road system are heavily under stress, which is unsustainable.

We gave away our fishing industry where we are throwing back fish, dead, because of unfair quotas for the UK fishing fleet, and we import £2.75 billion of fish from outside the EU (Seafish Industry figures).

Originally, before the EU, we were in the European Free Trade Association, trading within the EU without tariff restrictions, so why would any company want to relocate?

We have done the sums and we are better off out. Only so blind as those who do not want to see.

Terry Lankford of Hythe