Submitted on Wednesday 18th March 2020
Rejected on Friday 24th April 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Force banks to reduce punitive overdraft interest charges during Covid 19 crisis
Introduce swift legislation that forces banks to charge a reasonable rate of interest on all overdraft facilities during the Covid 19 crisis and for the duration of its aftermath to assist businesses and individuals manage their finances.
With the detrimental impact of the current Covid 19 crisis on both businesses and individuals it seems churlish that the banks should see fit to charge us 49.9% overdraft interest in the case of Lloyds, during this time of uncertainty where everyone’s earnings are suppressed and the bank of England base rate is just 0.25%, possibly to be reduced further in the coming weeks.
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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/304268
You can find out more about coronavirus and how you can protect yourself and others here:
www.gov.uk/coronavirus
www.nhs.uk/conditions/coronavirus-covid-19/
The Government has also created an online service to help you out what you can do if you’re struggling because of coronavirus: www.gov.uk/find-coronavirus-support
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
You can read impartial analysis of the Government response to coronavirus and policy developments here:
commonslibrary.parliament.uk/coronavirus/
You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.
Find out more and watch the Committee put questions suggested by petitioners to Government Ministers and the Deputy Chief Medical Officer: committees.parliament.uk/committee/326/petitions-committee/news/145767/committee-question-deputy-chief-medical-officer-and-ministers-on-coronavirus-response/
Read letters asking further questions of Government Ministers: committees.parliament.uk/committee/326/petitions-committee/publications/3/correspondence/
18.219.14.63 Sat, 04 May 2024 16:36:14 +0100
