Submitted on Wednesday 9th August 2023
Rejected on Wednesday 16th August 2023
Current status: Rejected
Rejection code: duplicate (see below for details)
Stop further increase to Base Interest Rates set by the Bank of England
Stop further increase to Base Interest Rates set by the Bank of England.
Government/Parliament need to change how interest rates are stimulated by Bank of England especially during a national crisis or further national crises.
The Bank of England states they have been independent for 25 years. It is noteworthy, the monarch makes the appointment based on advice from Chancellor. The Bank of England further state they are trying to reach targets set by government. There is a failure from Treasury or appointed Governor as this doesn't work in the interest of British people.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign this petition which calls for a similar action:
petition.parliament.uk/petitions/639682
Take back control of interest rates from the Bank of England
3.129.72.26 Thu, 07 Nov 2024 09:58:37 +0000
