An Open Letter
An open letter to the Prime Minister:
Dear Prime Minister
In light of the government's bailout of the shareholders and depositors of Northern Rock, there is another unfortunate situation I wish to bring to your attention. It concerns another sector of the financial services industry (turf accountancy), a horse called Lucky Boy, and the 3.15 race at Haydock.
On 22nd August 2007, I entered the offices of a turf accountant on the Charing Cross Road. Upon entering the premises, I happened across a tramp who assured me that Lucky Boy at 6/4 was a safe investment. His exact words were, "....I'd put my mortgage on it. Spare some change for a cup of tea?" I did not enquire whether he was a client of Northern Rock.
Following his advice, I deposited a crisp £20 note into the hands of the teller, with the following clear instructions: "Lucky Boy in the 3.15 please, sweetheart. To win." At no point did the turf accountant imply that I may lose some or all of my deposit.
I returned shortly after 3.15 to collect my investment, and was informed that funds would not be forthcoming. The turf accountant advised me without emotion that, "...Lucky Boy didn't like the firm ground." In light of the wet summer we were having, I had presumed the going was "good to soft, soft in places", but the turf accountant negligently failed to offer this advice.
However I am now relieved that the government intends to recompense all those who take risks but lose money, and would thus be grateful if you would send a cheque for £20 at your convenience.
Please be assured of my continued support in the next general election.
New York Addick
ps - for your records, I also have a bet on Charlton to win the Championship at 9/1. This may require reimbursement in May 2008.
cc. Mr David Cameron
cc. Mr Mervyn King
cc. Mr William Hill