Andrew Bailey, the Bank of England governor, simply has not gone far enough. He needs to introduce rationing. That is a far more direct and effective way to cool demand and thus reduce inflationary pressures (“Bailey accused of pay-rise hypocrisy”, ReportFebruary 5).
Moreover, this would be excellent preparation for coping with the effects of climate change which every government in the world is resolutely failing to mitigate.
As crops fail and unpredictable weather impacts transport routes, so supplies will dwindle and rationing will be the only way to manage their equitable distribution.
London W4, UK