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Government guarantee of £85000 to apply to retail banks only

Submitted on Thursday 1st September 2011

Published on Tuesday 13th September 2011

Current status: Closed

Closed: Thursday 13th September 2012

Signatures: 2

Tagged with

Money ~ UK ~ UK Government

Petition Action

Government guarantee of £85000 to apply to retail banks only

Additional Information

Only those banks which restrict operations to high street/retail banking should qualify for the £85000 government guarantee on personal savings. 'Casino' banks would be obliged to notify personal savers that their funds were no longer backed by UK government.
Let them gamble with their own money or that of informed investors.


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