Stop dithering

THE Bank of England is reluctant to increase base rate from the nominal 0.1 per cent.

I believe this should never have been cut below the prevailing rate of inflation, which has effectively taxed savers and allowed borrowers to bid up the price of assets such as property and shares.

It has done nothing to encourage the supply of goods and has served to strengthen the power of private equity companies to plunder British assets. I hope to see the gradual raising of base rate in 2022 and a permanent end to the printing of money and corporate loans below the prevailing rate of inflation.

Mixed messages and dither must not continue.

ALAN FINLAY, London NW4.