Submitted on Thursday 24th July 2014
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: irrelevant (see below for details)
Inflation target to be set to 0.00%
For many years British workers and small business owners did not only get no pay increases, but often had to face pay cuts, too. The economic situation for the ordinary citizen becomes increasingly difficult to manage. The only solution to this crisis in this situation is to keep prices absolutely stable.
Therefore, the government should aim for price stability and set the inflation target to 0.00%.
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The Government e-Petitions Team gave the following reason:
Government does not set the inflation target. This is a matter for Bank of England.
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