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Take back control of interest rates from the Bank of England

Submitted by Miles Beluga on Thursday 15th June 2023

Published on Monday 26th June 2023

Current status: Closed

Closed: Tuesday 26th December 2023

Signatures: 102

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Petition Action

Take back control of interest rates from the Bank of England

Petition Details

We want the Government to take control for interest rates away from the BoE who are unelected yet have huge power over people's lives.

Additional Information

Recent interest rate rises have been catastrophic for many mortgage payers, and we believe action is needed.

We believe the Government should be responsible for setting interest rates. Then if the public aren't happy with a Government's approach to interest rates they can vote them out.

We don't believe the Bank of England should have so much power, when we are a democratic nation.


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