This petition was submitted during the 2015–2017 Conservative government
Petition Establish a commission to limit the mandate of the Bank of England and end QE.
Quantitative Easing (QE) attempts to create economic growth by unconventional, unproven methods. QE has been accompanied by unprecedentedly lower interest rates on savings accounts and Government bonds.These low interest rates threaten the real wealth of British savers, investors and pensioners.
We the undersigned, as concerned citizens of Great Britain believing in sound money and responsible public finances, do call on Her Majesty’s Government to:
1) Establish a commission for limiting the mandate of the Bank of England and its Monetary Policy Committee (MPC);
2) Make clear to the MPC that the Government does not support QE and calls for its immediate end;
3) Declare that it will not favour the interests of large banking groups over those of individual British savers and investors.
This petition is closed This petition ran for 6 months