Police have dropped their investigation into a caller to a BBC radio phone-in who claimed the UK was “ruled by Zionist Jews”.

The Metropolitan Police had begun inquiries after the caller, referred to as “Andy from St. Margaret’s," made several comments about Jews during a 13-minute on-air conversation with BBC Radio London host Simon Lederman on December 22.

The caller told listeners: “We are dominated by the Jews’ system, the financial Jewish system. The Rothschilds, the people who own the Bank of England, the people who own the Federal Reserve, they’re all Zionist Jews.

“They control the money, the money, finance - 80 per cent of corporate America, of the media, is owned by Jews. And they’re Zionist Jews.”

Board of Deputies vice president Marie Van Der Zyl said at the time that it was “disgraceful” the caller was allowed to speak on BBC radio for 13 minutes, and urged the BBC to hand over the caller’s details so that the police could take action.

In a statement, a police spokesman wrote: “After careful review of the facts the evidence did not support a prosecution and the investigation has now been closed.”

Despite the decision, police officer Tony Samuel from the Community Safety Unit in Harrow, north-west London, said: “We actively encourage anyone to report incidents of religious or racial nature and are dedicated to investigating such matters."