Back a 1% reduction in the Bank of England base rate on 7 August
Parliament is responsible for scrutinising the Bank of England’s decisions and ensuring they are effective. Traditional interest rate hikes are inadequate for addressing inflation caused by supply shocks and need to be re-evaluated.
Signatures
6
signatures
Government response threshold (10,000) · 6/10,000
Debate threshold (100,000) · 6/100,000
- 19 AUG 2025Petition rejectedirrelevant
We can only accept petitions about things the Government or Parliament are directly responsible for. Decisions about interest rates are a matter for the Bank of England, not the UK Government or Parliament.
- 29 JUL 2025Petition created
Background
An urgent inquiry is needed to assess the impact of high interest rates on productivity, consumer demand, housing, and public debt.
We are calling for:
• A 1% reduction in the Bank of England base rate to stimulate growth;
• Parliamentary oversight to ensure monetary policy reflects the UK’s real economic challenges;
• Government support in shaping a coordinated response to avoid a deeper downturn.
The UK cannot afford to wait. Please read, share, and—if you agree—sign.