Submitted on Monday 22nd June 2020
Rejected on Thursday 3rd September 2020
Current status: Rejected
Rejection code: irrelevant (see below for details)
Wipe out the bounce back and business interruption loans to boost the economy.
Many businesses and self employed people have had no choice but to take out these loans to keep their businesses afloat during a time of no/limited income. Please consider wiping the slate clean, or reducing the amount owed significantly.
This will help to boost the economy, as businesses can then focus on marketing and rebuilding their customer base using the money. This will help more businesses to survive this awful time. Many will fail or come into financial difficulty if they are expected to pay the loans back in full.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
The Government has guaranteed Bounce Back and Business Interruption Loans, but these loans are issued by individual lenders, not the Government or House of Commons, so repayment is a matter for individual lenders and debtors.
We could accept a petition calling on the Government to provide grants to businesses and individuals who have applied for these loans, to allow them to repay the loans, if that is what you want to happen.
18.226.4.239 Sun, 05 May 2024 19:45:22 +0100
