463

of 1,000 signatures

To The Bank of England with encouragement from the Chancellor and Prime Minister

Everyone is suffering from rising interest rates. Commercial mortgagees pass on their rises to the products we buy, making them more expensive and increasing inflation. The rise in residential mortgage rates affect both mortgagees and renters. Many people will have to sell their homes or lose their rented accommodation because of these rises while the banks are making vast profits at our expense. Instead of raising interest rates to curb inflation, the government should introduce a proper windfall tax and increase wealth taxes.

Petition text

Stop raising interest rates. Here's why:

Rising interest rates lead to higher prices for goods and services, exacerbating inflation and making things more expensive for consumers.

Increasing interest rates can force homeowners and renters to sell their homes or face eviction, potentially destabilising the housing market.

By keeping interest rates low, borrowing and investment are encouraged, promoting economic growth.

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Stop the Bank of England from raising interest rates.

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Stop the Bank of England from raising interest rates.

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