Submitted on Thursday 6th July 2023
Rejected on Tuesday 11th July 2023
Current status: Rejected
Rejection code: irrelevant (see below for details)
Stop the Bank of England from raising interest rates any further.
The bank policy of reducing money in peoples pockets by increasing mortgages so demand for goods goes down so inflation goes down is totally flawed and is putting families in greater and greater hardship to the point they are under more hardship than during covid lockdowns.
This is a policy putting millions of families in financial despair with mortgages tripling and quadrupling and people are going to make choices between mortgage and eating. The inflation has not moved and will remain the same as it has not been caused by people overspending but by shortages of stock due to war in Ukraine and increase in energy prices. To simply take more and more money out of peoples pockets is like legalising robbery in a misconstrued show of acting against inflation.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
We can only accept petitions about things the Government or Parliament are directly responsible for.
Decisions about base interest rates are a matter for the Bank of England, not the UK Government or Parliament.
We have also published the following petition, which you might like to sign:
Take back control of interest rates from the Bank of England: petition.parliament.uk/petitions/639682
18.191.97.229 Thu, 21 Nov 2024 15:04:47 +0000
