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Closed Bank of England has failed - Raise interest rates to combat inflation.

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The Bank of England has been given the sole task of keeping inflation under 2%. It has failed to do this since 2009 and has been wrong in 96% of it's inflation forecasts. Yet, interest rates are still held at an all-time low.

We petition the Government to debate the failure of the BOE's independance, and to take action to regain control of inflation by increasing interest rates back towards the long-term average.

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    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 22 August 2012.