Make Bank of England target inflation, growth and rate stability all at 2-3%

Make Bank of England target inflation, growth and rate stability all at 2-3% — 6 signatures. Status: rejected.

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Bank of England raises rates regardless of inflation's cause — like giving paracetamol for every disease. We call on Parliament to legislate a Triple Mandate: inflation, growth and interest rate stability — all at 2–3% — so monetary policy serves everyone, not just inflation target alone.

Additional details

Inflation was energy-led - gas from 54p to 450p per therm - not caused by mortgages, rents or business loans. Yet BoE raised rates to 5.25%, deepening cost of living crisis. Mortgages £800 to £1350pm, rents up 20%, business loans 8-9%, savers didn't get this rate either. Growth only 1.3% in 2025, debt 95% of GDP - hard to manage finances. Curing energy inflation with interest rates is absurd - address specific issues with specific tools. Don't make everyone pay for inflation they didn't cause.

View this petition on the official UK Parliament website

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