Submitted on Tuesday 6th June 2023
Rejected on Friday 9th June 2023
Current status: Rejected
Rejection code: no-action (see below for details)
Parliament should ask the Bank of England for a target on the inflation rate
Based on the target inflation rate, the compensation every worker in the UK earns for an hour’s work should be increased by the target inflation rate for one time, and be increased by the yearly inflation rate every year afterwards.
Inconsistent increases in salaries, rents, mortgages and utilities has caused a serious recession and cost of living crisis , which the Government should immediately minimise , by following the properties and structures of an exponential function such as the natural exponential function to bring stability and prosperity to the British economy.
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The Government e-Petitions Team gave the following reason:
Petitions need to call on the Government or Parliament to take a specific action.
Your petition refers to inflation, salaries, rents, mortgages and utilities but we're not sure exactly what you'd like the Government or Parliament to do.
The Government has set the Bank of England a target of keeping inflation at 2% so we're not sure what you mean when you say you want the Government to "ask the Bank of England for a target on the inflation rate".
You could start a new petition explaining clearly what you would like the Government or Parliament to do.
3.144.40.216 Thu, 21 Nov 2024 15:33:42 +0000
