Support Peoples QE. Reduce private debts, boost savings, rescue the economy.

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Petition Action

Support Peoples QE. Reduce private debts, boost savings, rescue the economy.

Petition Details

Public and Private Debts are at an all time high in the United Kingdom. net unsecured borrowing on credit cards and loans will rise to £662bn by the end of the decade, from £447bn in 2016. The amount of private debt is crippling the economy. We need to reduce debt in the economy.

Additional Information

I am proposing that we reduce private debt through Bond given to all UK Citizens. The bond would be financed throuh QE money created by the Bank of England. This financial value of the bond ( sat £1000 per person) would be used to either clear existing debts ( as specified) or as a savings bond for people without debt. The policy would reduce debt, increase savings, compensate savers for low interest rates reduce poverty, and help the economy to grow.

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