SIR – The news (telegraph.co.uk, April 25) that Labour plans to renationalise the railways if it wins the general election confirms that we are about to return to the 1970s. The trade unions are to be given more powers, and it is likely that the country will come close to bankruptcy, as was the case when our standing in Europe was at its lowest. Still, at least we know what to expect, and perhaps we should just resign ourselves to it – given that we did have some good times in the 1970s – while

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