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Freeze banks in the event of COVID-19 lockdown

Submitted on Monday 16th March 2020

Rejected on Thursday 9th April 2020

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

Freeze banks in the event of COVID-19 lockdown

Petition Details

Implement a bank freeze in the event of a lockdown amid the COVID-19 outbreak within the UK to protect independent business owners livelihoods

Additional Information

If a lockdown were to be implemented, small and medium sized independent businesses will be at high risk of collapse/financial downfall and may not be able to pick back up again. This could cause a severe problem economically and force many small business owners to fold and have to sell up.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

We understand that you want the Government to protect independent businesses, but we're not sure exactly what action you want the Government to take to achieve this.

We have published a petition calling on the Government to encourage banks to suspend interest, fees and repayments during COVID-19 crisis, which you might like to sign: petition.parliament.uk/petitions/305297

You can find out more about coronavirus and how you can protect yourself and others here:

NHS website: www.nhs.uk/conditions/coronavirus-covid-19/
UK Government website: www.gov.uk/coronavirus

You can read NHS tips to help if you are worried about coronavirus here: www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips

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