This petition is now closed, as its deadline has passed.
We the undersigned petition the Prime Minister to ask the Bank of England, in consultation with the Chancellor of the Exchequer, to use the power of “quantitative easing” to create the necessary £1bn money needed for internet broadband investment, and to credit it to the government as debt-free finance for that purpose as an alternative to the tax on every landline that has been proposed. More details
Submitted by Charles Bazlinton of Author The Free Lunch – Deadline to sign up by: 20 January 2010 – Signatures: 82
This method of raising funds for improved internet access proposes the creation of money by the Bank of England. It would be without cost to the public purse, in contrast to government borrowing and also would be without cost to businesses or individual households in contrast to the direct taxation proposed. It would provide an interest-free and debt-free gain to the national wealth through higher productivity. It would bring forward future enterprise, would add to sustainable growth and help employment. Being a specific time-limited investment it would eventually cease to be needed at all when the task was complete and would not have added to any public or private burden of debt for the future.
Charles Bazlinton, the Petition Creator, joined by: