Establish a commission to limit the mandate of the Bank of England and end QE.

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Establish a commission to limit the mandate of the Bank of England and end QE.

Petition Details

Quantitative Easing (QE) attempts to create economic growth by unconventional, unproven methods. QE has been accompanied by unprecedentedly lower interest rates on savings accounts and Government bonds.These low interest rates threaten the real wealth of British savers, investors and pensioners.

Additional Information

We the undersigned, as concerned citizens of Great Britain believing in sound money and responsible public finances, do call on Her Majesty’s Government to:

1) Establish a commission for limiting the mandate of the Bank of England and its Monetary Policy Committee (MPC);

2) Make clear to the MPC that the Government does not support QE and calls for its immediate end;

3) Declare that it will not favour the interests of large banking groups over those of individual British savers and investors.

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