More debt to beat debt?

I ADMIRE Peter Oborne for plugging away at the Bank of England’s responsibility for rising consumer debt (Mail).

I contacted the Bank to ask why to combat a financial crisis caused by debt it was encouraging debt with low interest rates and easy money.

The answer was that a low interest rate makes savings less attractive. When households are reluctant to spend, a low interest rate can encourage spending, which is crucial to economic recovery.

Now, having set out to encourage it the Bank has the cheek to announce it is concerned about consumer spending.

PAUL ROUSE, York.