Petition Stop Quantitative Easing. Temporarily zero rate VAT and Basic Rate Income Tax to directly stimulate the economy, rather than giving money to banks.

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The economy is back in recession showing Quantitative Easing has not, (and will not) work. To stimulate demand in the economy any future monies that would be given to banks for Quantitative Easing (about £50 billion on the last occasion) should be returned directly to the public in the form of zero rating of VAT and the Basic Rate Income Tax until £50 billion of tax relief has been accrued.

This petition is closed This petition ran for 6 months

5 signatures

Progress of the petition towards its next target: 5 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 20 August 2013
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