|Dear Sylvia Hanna-Luise,
Last week we launched a campaign to call on the Chancellor to abandon QE and allow the Bank of England to create money for people, not financial markets.
If the Bank of England would put this money into the real economy instead, it would be much more effective at boosting jobs and incomes.
Thank you very much for signing the petition! We are building a coalition of economists, policymakers and ordinary citizens to hammer this message home over the coming months. We need as many people as possible to show their support. Please help us share the petition as widely as possible to get the campaign off to a flying start!
QE has been tried once already and was ineffective. In the years following the financial crisis, the UK wasted £375bn on this ineffective scheme to stimulate the economy.
David and the rest of the Positive Money team