Petition
Stop paying interest on commercial bank reserves.
Rejected
10 signatures
What the petition asks
Stop paying interest on the reserve accounts of commercial banks held at the Bank of England.
This policy is economically contractionary and discourages banks from investing productively, and serves to encourage hoarding wealth and speculation over improving capacity in the real economy. Removing this from our monetary system will help to deliver a better standard of living and direct the power of endogenous money creation towards prosperity for all.
Why it was rejected
It asked for something that is not the responsibility of the UK Government or Parliament.
We can only accept petitions about things the Government or Parliament are directly responsible for.
Decisions about the rate of interest paid on bank reserves held by the Bank of England are a matter for the Bank of England, not the UK Government or Parliament.
Decisions about the rate of interest paid on bank reserves held by the Bank of England are a matter for the Bank of England, not the UK Government or Parliament.
Timeline
| 30 Apr 2026 | Petition opened for signatures |
| 3 Jun 2026 | Rejected by the Petitions Committee |
Key facts
Signatures
10
Status
Rejected
Rejected
3 Jun 2026
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Source: the official petition page. Last checked 27 Aug 2026.