Submitted on Friday 20th March 2020
Rejected on Friday 24th April 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
All financial institutes should be told they are not allowed to earn either.
When Government actions force a huge number of people to be unable to earn, then Banks etc should not be allowed to earn either. Pass a law to force financial institutes to stop charging interest until the current emergency situation has passed and people are able to work normally again.
Payment holidays are not enough - it just defers the problem. Not earning means no interest charges on any mortgages so that landlords can stop charging tenants. It means no interest charges on any type of credit for businesses and individuals ie loans, overdrafts and credit cards. Banks should not have to pay interest in return. The UK people bailed the Banks out when they caused their own collapse. It's time to return the favour. Not all jobs can be carried on at home. If some people make a small amount then they'll spend it after and help kickstart the economy. The important part is that nobody should be financially worse off for this and Government shouldn't have to fund it all because the people still pay for this in the long run.
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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
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