Submitted on Monday 16th March 2020
Rejected on Thursday 9th April 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Compel banks to suspend demands for debt repayments during the COVID-19 crisis.
For banks to be instructed to behave responsibly towards citizens who have debts such as mortgages, loans or credit cards, but allowing people a 3 or 4 month period of suspension of repayment without penalty. This will cover the COVID-19 peak period when many individuals will be out of work.
UK banks were bailed out using public money when they faced financial difficulties.
During the COVID-19 crisis, it is anticipated that a great proportion of the population will suffer significant financial loss due to diminished income from reductions in trade, self isolation or caring for family members. This will mean that debt repayments are likely to be missed, causing further hardship through default fees. Banks should support the public and not profit from the global crisis.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign this petition calling for the same action: 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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