I would ban all open letters. Don’t write one and never put your name to someone else’s. Open letters are petitions that went to Oxbridge and goad you into asking which college they attended. But there is one example I hold in particularly low regard: the exchange of letters between the Governor of the Bank of England and the Chancellor of the Exchequer.
This takes place any time inflation drifts away from the 2 per cent target by more than 1 point in either direction. The Governor’s note must set out the reason why inflation has missed its target, the policy action the Monetary Policy Committee (MPC) is taking in response and the horizon over which inflation should return to target. Here is Andrew Bailey’s letter today and Jeremy Hunt’s reply.
