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This petition was submitted during the 2019 to 2024 Parliament

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Closed Take back control of interest rates from the Bank of England

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We want the Government to take control for interest rates away from the BoE who are unelected yet have huge power over people's lives.

Recent interest rate rises have been catastrophic for many mortgage payers, and we believe action is needed.

We believe the Government should be responsible for setting interest rates. Then if the public aren't happy with a Government's approach to interest rates they can vote them out.

We don't believe the Bank of England should have so much power, when we are a democratic nation.

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    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 26 December 2023.