This week’s comment came from Paul Barrett, who was responding to the article: There are ‘lots of issues’ with negative interest rates – Bailey
He said: “The Bank of England should immediately reduce rates to -3 per cent. If things start to get better, then increases can occur.
“The UK economy is in the toilet being kept afloat by massive taxpayer subsidy of quantitative easing and furlough. These rates should be kept for decades just like they were in Japan.
“The government should do all it can to persuade people to get into debt and spend. Negative interest rates are needed to reduce costs for the consumer.”