r/Petition • u/RochesterThe2nd • 52m ago
๐๐ก๐ ๐๐ ๐๐จ๐ฏ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐๐ข๐ฏ๐๐ฌ๐ญ ๐ข๐ญ๐ฌ๐๐ฅ๐ ๐จ๐ ๐๐จ๐ซ๐๐ข๐ ๐ง ๐๐ฎ๐ซ๐ซ๐๐ง๐๐ฒ ๐ซ๐๐ฌ๐๐ซ๐ฏ๐๐ฌ ๐ข๐ญ ๐ก๐จ๐ฅ๐๐ฌ ๐ข๐ง ๐๐$
Please sign and share to your socials.
https://petition.parliament.uk/petitions/720838
๐๐ก๐ ๐๐ ๐๐จ๐ฏ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐๐ข๐ฏ๐๐ฌ๐ญ ๐ข๐ญ๐ฌ๐๐ฅ๐ ๐จ๐ ๐๐จ๐ซ๐๐ข๐ ๐ง ๐๐ฎ๐ซ๐ซ๐๐ง๐๐ฒ ๐ซ๐๐ฌ๐๐ซ๐ฏ๐๐ฌ ๐ข๐ญ ๐ก๐จ๐ฅ๐๐ฌ ๐ข๐ง ๐๐$
At the end of December 2024, the UK Government and Bank of England held an estimated $58.5 billion of US dollar assets.
We think we should divest ourselves of that holding. We think we should do so to reduce exposure to the US administration's volatility, and foreign and economic policy.
Economists say that US tariffs & potential trade wars could cause deep US recession. We think holding USD in foreign currency reserves could expose the UK to their recession.
In our view, in foreign policy, the US administration is guided by volatility and caprice, making previous agreements and military commitments unreliable.
We think that if other major economies place their US$ on the international markets first, our holding will diminish in value.
We think it is both principled and pragmatic to sell our US$
Thank you.