Petition Cancel BoE‘s cash injection to the financial sector, replace it with People's QE

The Bank of England’s planned cash injection to financial services will inflate asset prices, discourage saving and increase inequality. Government should instruct the Bank to implement a programme of People's Quantitative Easing instead to stimulate private spending and reduce UK household debt.

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Economists internationally have criticised the Bank’s decision, as it fails to address the greater risk to our economy: businesses and households cutting spending in the wake of increasing economic uncertainty. The BoE’s £375 billion programme of QE has damaged the UK economy since 2009 by inflating asset prices. These policies discourage saving and make it difficult for ordinary people to live, further increasing inequality and resulting suffering and anger that is corrosive to our society.

This petition is closed This petition ran for 6 months

21 signatures

Progress of the petition towards its next target: 21 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 12 February 2017
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