This petition was submitted during the 2015 to 2017 Parliament
Rejected petition Raise the Interest Rate as Inflation is getting higher
Rejected on
The Brexit Vote has already raised inflation in the UK and it's best to raise the Interest Rate for the Inflation to go down. Inflation is causing prices to go up and if not dealt with, prices will go up fast.
Why was this petition rejected?
It’s about something that the UK Government or Parliament is not directly responsible for.
Decisions about the interest rate are made by the Monetary Policy Committee of the Bank of England, which is independent of the Government and Parliament. You can find out more here:
http://www.bankofengland.co.uk/monetarypolicy/Pages/overview.aspx
We only reject petitions that don’t meet the petition standards.