Submitted on Tuesday 29th July 2025
Rejected on Tuesday 19th August 2025
Current status: Rejected
Rejection code: irrelevant (see below for details)
Back a 1% reduction in the Bank of England base rate on 7 August
Parliament is responsible for scrutinising the Bank of England’s decisions and ensuring they are effective.
Traditional interest rate hikes are inadequate for addressing inflation caused by supply shocks and need to be re-evaluated.
An urgent inquiry is needed to assess the impact of high interest rates on productivity, consumer demand, housing, and public debt.
We are calling for:
• A 1% reduction in the Bank of England base rate to stimulate growth;
• Parliamentary oversight to ensure monetary policy reflects the UK’s real economic challenges;
• Government support in shaping a coordinated response to avoid a deeper downturn.
The UK cannot afford to wait. Please read, share, and—if you agree—sign.
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 interest rates are a matter for the Bank of England, not the UK Government or Parliament.
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