Provide individuals with COVID19 Bounce Back Loans guaranteed by the government

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Provide individuals with COVID19 Bounce Back Loans guaranteed by the government

Petition Details

The lock down measures have affected many people who were perfectly solvent before the crisis. Similarly to the measures to support business with loans up to 25% of turnover backed by the government, it will also be great for the economy if individuals could borrow up to 25% of last year salary

Additional Information

Inevitably many people will find themselves struggling after the crisis. Banks with their risk-adverse behavior, will not support many people during the hardship that will come. More extraordinary measures are necessary. It will be a great help to overcome the challenges ahead if more liquidity is provided directly to people and backed by the government. Loans of up to 25% the previous declared salary to PAYE individuals will help the nation bounce back quicker and return to full employment

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