The Bank of England Monetary Policy Committee has had the power to set the Bank of England's base interest rate and to manage <a href="https://www.taxresearch.org.uk/Blog/glossary/Q/#quantitative-easing">quantitative easing</a> since 1998.&nbsp;&nbsp;These enormous powers are managed by nine people.&nbsp;&nbsp; They all have one thing in common, they know little or nothing of the real world beyond the walls of the City of London.Should the system be overhauled so the membership is more diverse and more inclusive?&nbsp; &nbsp;

Is it time for the Bank of England's Monetary Policy Committee to be radically reformed?

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