The official site of the Prime Minister’s Office

More details from petition creator

At present we allow commercial banks the huge privilege of creating money out of nothing as their own property for their own benefit. You and I can’t do it. Why let the banks do it? They do it by issuing loans of money which didn't exist until the borrower signs a promise to pay it back. Then the bank sells that agreement to a dealer for real money up front. We don't need to depend on banks for our nation's money supply. Let’s make the Bank of England, acting as a public servant, the sole creator of new money in our land. Then our money would be an asset of the nation as a whole not the property of commercial banks. This practice caused the credit crunch. Banks lent to people who couldn't repay because it wasn’t costing them much in the first place. It's why bankers get bonuses. The problem isn't bonuses. It’s the activity that the bonuses encourage ie getting people to borrow. Don't nationalise the banks. Let them compete but don’t let them create money out of nothing as they do now.

Current signatories

Rev Dr Richard Rodgers FRCS, the Petition Creator, joined by:

• Peter Challen
• Peter Selby
• William W. Scott
• Conall Boyle
• John Johansen-Berg
• Ben Dyson
• Donald A Martin
• Brian Leslie
• Alexandra Hardie
• Thomas W R Davies
• K.C.Palmerton
• John Courtneidge
• Nigel Mullan
• Andrew Dickie
• Sabine K McNeill
• Martyn Goss
• Tony May
• john nightingale
• Charles Bazlinton - The Free Lunch
• Jasper Tomlinson
• Martyn Cutcher
• Audrey Miller
• James Robertson
• Meg Goodare
• Peter John Dominy
• Samuel Pearce
• John Talbot
• Daniel Williams
• Anne Belsey
• Jamie Walton
• Ruth Challen
• Soraya Boyd
• Barbara Charnock
• Bill Charnock
• Brian Dowsett
• Alison Pritchard
• Tarek Diwany
• Katherine Jacob
• Mark Noall
• Mark Rasmussen
• Hugo Toby Birch
• Thomas William Charnock
• Gillian Swanson
• Austin Challen
• Janos Abel
• Kesten Challen
• Ian Kennedy
• Stephen Lancashire
• Ian Greenwood
• Sam Swain
• Michael Burnett
• Dr D. Martin Conway
• Margaret Vicuna
• Ms R.C. ten Veen
• Iain ROyle
• Tom Mellors
• John Tyrrell
• Alan Cottey
• Pat Gowen
• Norma Gowen
• Karen Leach
• Marguerite Finn
• Mark Horler
• Peter Lanyon
• Ronald Stamper
• JUDITH WALKER
• Diana Trimble
• Jenny Maxwell
• elliot moss
• Ben Tomlinson
• Arna Blum
• Jim Green
• Steve Mandel
• Peter Reason
• Neil O'Doherty
• Janice Yelland-Sutcliffe
• John Arnell
• David Smith
• rose tanner
• Rodney Shakespeare
• John Gough
• cliona o conaill
• Darren Iversen
• Eileen Conn
• Andrew Capel
• Gary Henderson
• John Bunzl
• Anthony Harvey
• Roger: Hayes
• Brian Wills
• Denise Moll
• Robert Side
• John Westwood
• Eirwen Harbottle
• Marie Pedlar
• sally higgens
• barry hopewell
• James Marshall
• Martin Hunt
• Barry William Scott
• luke townley
• Mark Bridgeman
• Terry Pearson
• ROLAND GILMORE
• Andrew Gulliford
• Hugh Barnard
• David Gawn
• Kayode Alli
• Keith Harrison
• Clive Penn Sawers
• Chris Rowley
• Bernadette Meaden
• Iestyn Jenkins
• Sarah Davis
• Dr. Adrian Wrigley
• David Osborne
• Sue Bell