Sir: The short-term interests of the City should not be a factor in the decision over what type of television service should occupy the new Channel 5 frequencies. The long- term future of the European consumer electronics industry is more important. It must be given a chance to compete for a world standard in digital TV.
The allocation of Channel 5 frequencies to digital TV will give Britain and Europe a head start over possible future Japanese-US domination. As most City people know, cheapest is not usually best.
Walsall, West Midlands