Submitted on Wednesday 6th August 2014
Published on Wednesday 6th August 2014
Current status: Closed
Closed: Monday 30th March 2015
Signatures: 1
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%.
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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