Shaking up the Bank

sir – Matthew Lynn’s call (Business, September 4) for someone with experience of business to replace Mark Carney as the Governor of the Bank of England is one that British businesses would wholeheartedly support.

Equally, millions of savers will be calling on the Government to get rid of Mr Carney sooner rather than later: he has been a disaster for them, with his inaccurate forecasts, hints at rate increases that never materialised, support for Project Fear – and, worst of all, an interest-rate policy that has led to ever-higher house prices.

Savers have lost billions over the past decade. Most of this money would have been spent in Britain, boosting growth, yet Mr Carney has stuck with what were termed “emergency measures”, when a slow increase in interest rates would have benefited many. He should be replaced ASAP.

Haslemere, Surrey