Andrew Bailey, governor of the Bank of England, says that “it’s too soon to declare victory” in the battle against inflation (Report, February 3). The latest bank base rate rise, a looming recession and a cost of living crisis remind me of that Peter Cook sketch: “We need a futile gesture at this stage. It’ll raise the whole tone of the war.”
Mark Bogard
Epsom, Surrey, UK
This post was originally published on Financial Times
