Submitted on Wednesday 1st April 2020
Rejected on Thursday 21st May 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Refuse bailout for virgin Atlantic, force shareholders to bail out their company
Refuse any bailout petitions from virgin Atlantic or Virgin brand failing businesses forcing shareholders and owners such as Richard Branson to use their own wealth rather than the countrys savings.
Large businesses are emptying their banks paying shareholders dividends leaving no working capital, then when the business has a poor month trading they collapse risking thousands of jobs and expect the government to bail them out, this is poor management and the businesses should have enough saved to work through problems. Force shareholders to bail out the businesses or let them fail, the government is not a bank and using this money leaves less funds for government needs.
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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/302992
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Read letters asking further questions of Government Ministers: committees.parliament.uk/committee/326/petitions-committee/publications/3/correspondence/
3.144.7.114 Tue, 19 Nov 2024 16:39:13 +0000