Control of issuing the money supply be removed from the Bank of England and placed in the hands of government to make interest free loans

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Petition Action

Control of issuing the money supply be removed from the Bank of England and placed in the hands of government to make interest free loans

Additional Information

Allowing banking organisations to control the supply of money in the United Kingdom leads to destaballising effects from firstly inflation and secondly deflation. Removing this from the Banking sector and placing it in the hands of government in the form of interest free loans would in one instant reduce the nations interest payments on new loans to zero, thus releasing a significant tax revenew, and allow a decoupling from boom and bust cycles. The government to hold a debate on this issue with 3 months of the petition achieving 100000 signitories.

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