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Inflation target to be set to 0.00%

Submitted on Wednesday 6th August 2014

Published on Wednesday 6th August 2014

Current status: Closed

Closed: Monday 30th March 2015

Signatures: 1

Tagged with

British ~ UK

Petition Action

Inflation target to be set to 0.00%

Additional Information

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%.
To clarify, I mean the inflation target, which is set by the goverment and not interest rate, which is set by the BoE (http://www.bankofengland.co.uk/monetarypolicy/Pages/framework/framework.aspx)


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