Submitted on Wednesday 25th March 2020
Rejected on Friday 1st May 2020
Current status: Rejected
Rejection code: irrelevant (see below for details)
Halt shareholder dividends if wages are threatened or corporations need bailouts
Have a cut off point in terms of what is considered profit and therefore available as payouts to shareholders, when there is a national emergency or when a companies future is in jeopardy. They should be using all available funds to stay afloat the same as is expected of the self employed.
Why should large corporations such as virgin and weatherspoons pay out large dividends to shareholders in 'profit' whilst halting wages and then requiring bail out packages from the government? It seems ludicrous that we don't have any legislation to stop this type of disaster capitalism.
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The Government e-Petitions Team gave the following reason:
Decisions about the payment of dividends are a matter for individual companies, not the Government or Parliament.
We have published a petition calling on the Government to restrict Government support for Covid-19 to dividend-paying companies, which you might like to sign: petition.parliament.uk/petitions/306053
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/
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