SIR - Mr Holmans just does not get it when it comes to Gordon Brown's now infamous £5 billion raid on funded pension funds.

This one action has contributed significantly to the current crisis that has left massive shortfalls in all private pension funds resulting in the winding-up of a significant number of final salary pension schemes.

At the same time he has presided over a massive £700 billion public sector pension deficit - which equates to almost £30,000 per household.

Hardly the act of a "prudent" Chancellor but then again its all off-balance sheet so no need for the Treasury to get worried.

Add his reluctance to increase the basic state pension entitlement to a decent level until 2012 then it all becomes clear that unless you have a "secure" public sector pension entitlement you are on your own!

Frankly, Mr Holmans, you need to look a bit more at the numbers - the £5 billion annual subsidy to the wealth creating sector was but a "drop in the ocean" compared to the contributions now being made to the expanding public sector - all to be paid for by future taxpayers.

N P Shaw, Westmoor Avenue, Baildon