{"links":{"self":"https://petition.parliament.uk/petitions/765986.json"},"data":{"type":"petition","id":765986,"attributes":{"action":"Review the Bank of England's remit to separate supply and demand inflation","background":"We call on the Government to update the Bank of England's monetary policy remit to require the MPC to distinguish between demand-pull and supply-push inflation, and permit base rate cuts even when headline inflation exceeds target, if the cause is primarily supply-side.","additional_details":"The Bank of England's current remit requires it to target a CPI inflation rate of 2%, with interest rate policy used as the primary tool to achieve this. This framework was designed for an era of predominantly stable, demand-driven inflation. It does not adequately account for inflation driven by supply-side shocks — such as energy price spikes, global supply chain disruption, or geopolitical events — which cannot be meaningfully resolved by raising the cost of borrowing.","committee_note":"","state":"open","signature_count":15,"closing_date":"2026-11-07","created_at":"2026-03-31T09:08:23.354Z","updated_at":"2026-06-05T20:17:30.000Z","rejected_at":null,"opened_at":"2026-05-07T09:32:53.007Z","closed_at":null,"moderation_threshold_reached_at":"2026-03-31T09:28:30.000Z","response_threshold_reached_at":null,"government_response_at":null,"debate_threshold_reached_at":null,"debate_scheduled_on":null,"scheduled_debate_date":null,"debate_outcome_at":null,"creator_name":"Luther Yeates","rejection":null,"government_response":null,"debate":null,"departments":[{"acronym":"HMT","name":"HM Treasury","url":"https://www.gov.uk/government/organisations/hm-treasury"}],"topics":[],"signatures_by_country":[{"name":"United Kingdom","code":"GB","signature_count":15}],"signatures_by_constituency":[{"name":"Bristol Central","ons_code":"E14001131","mp":"Carla Denyer MP","signature_count":3},{"name":"Camborne and Redruth","ons_code":"E14001148","mp":"Perran Moon MP","signature_count":1},{"name":"Clacton","ons_code":"E14001174","mp":"Nigel Farage MP","signature_count":1},{"name":"East Wiltshire","ons_code":"E14001217","mp":"Danny Kruger MP","signature_count":1},{"name":"Exeter","ons_code":"E14001231","mp":"Steve Race MP","signature_count":1},{"name":"Hitchin","ons_code":"E14001289","mp":"Alistair Strathern MP","signature_count":1},{"name":"Newton Abbot","ons_code":"E14001381","mp":"Martin Wrigley MP","signature_count":1},{"name":"Swindon South","ons_code":"E14001537","mp":"Rt Hon Heidi Alexander MP","signature_count":1},{"name":"Tooting","ons_code":"E14001550","mp":"Dr Rosena Allin-Khan MP","signature_count":1},{"name":"Truro and Falmouth","ons_code":"E14001554","mp":"Jayne Kirkham MP","signature_count":1},{"name":"Widnes and Halewood","ons_code":"E14001584","mp":"Derek Twigg MP","signature_count":1},{"name":"Yeovil","ons_code":"E14001603","mp":"Adam Dance MP","signature_count":1},{"name":"Dumfries and Galloway","ons_code":"S14000073","mp":"John Cooper MP","signature_count":1}],"signatures_by_region":[{"name":"North West","ons_code":"B","signature_count":1},{"name":"East of England","ons_code":"G","signature_count":2},{"name":"London","ons_code":"H","signature_count":1},{"name":"South West","ons_code":"K","signature_count":10},{"name":"Scotland","ons_code":"M","signature_count":1}],"other_parliamentary_business":[]}}}