Submitted on Friday 15th March 2013
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: irrelevant (see below for details)
Abolish the bank of England
Sir Meryn King himself is quoted as saying “Of all the banking systems we could have in the world this is the worst”
It is impossible for central planners to set interest rates, monetary supply at correct levels. It has done huge amounts of damage to the economy, and is highly responsible for the recent economic collapse, which has gone unnoticed. Current quantitative easing is destroying the value of the currency, government bonds are likely to collapse, and hyperinflation is equally possible now.
Plenty of alternative free market solutions are available.
End the bank of England.
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The Government e-Petitions Team gave the following reason:
3.139.239.157 Wed, 27 Nov 2024 05:06:00 +0000
