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Bank of England has failed - Raise interest rates to combat inflation.

Submitted on Wednesday 17th August 2011

Published on Monday 22nd August 2011

Current status: Closed

Closed: Wednesday 22nd August 2012

Signatures: 42

Tagged with

England

Petition Action

Bank of England has failed - Raise interest rates to combat inflation.

Additional Information

The Bank of England has been given the sole task of keeping inflation under 2%. It has failed to do this since 2009 and has been wrong in 96% of it's inflation forecasts. Yet, interest rates are still held at an all-time low.

We petition the Government to debate the failure of the BOE's independance, and to take action to regain control of inflation by increasing interest rates back towards the long-term average.


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