Audit the Bank of England and major banks

• Petition

Petition Action

Audit the Bank of England and major banks

Additional Information

-- A comprehensive audit by the National Audit Office of all banks and financial institutions receiving bailouts, or cash injections resulting from quantitive easing, from 2008 onwards (including but not limited to Northern Rock, Lloyds TSB, HBOS, Bradford & Bingley, and RBS)

-- A comprehensive audit of the Bank of England

The following must be established:

1. What were the specific transactions that led in each case to an institution's failure, and which individuals were responsible for these transactions?

2. Full disclosure of the circumstances of every bailout and QE injection, including the role of government ministers and Bank of England staff, and precisely how the funds have been used within each institution

3. Which individuals are responsible for the continued failure of these institutions?

4. Where there is evidence of fraud or criminality under the law what action should now be taken to punish the individuals involved and deter others?

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