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Write off Bounce Back Loans & CBILS for small high street businesses locked down

Submitted on Friday 29th July 2022

Rejected on Tuesday 2nd August 2022

Current status: Rejected

Rejection code: irrelevant (see below for details)

Petition Action

Write off Bounce Back Loans & CBILS for small high street businesses locked down

Petition Details

Write off BBL/CBILS for high street businesses - see Grimsey Review 2021 http://www.vanishinghighstreet.com/wp-content/uploads/2021/07/AgainstAllOdds-REVIEW-16th-July-download.pdf

Additional Information

Small businesses report they will default on BBL/CBILS. Forced to borrow or bust to stay in business.
Promised by the PM that he "would do whatever it takes"
PM stated we would be locked down for weeks and could trade out of debt. 2.5 Years later service-based businesses continue to be interrupted by covid with a cost of living crisis, increased employer costs to add
see Grimsey review http://www.vanishinghighstreet.com/wp-content/uploads/2021/07/AgainstAllOdds-REVIEW-16th-July-download.pdf


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This petition was rejected

The Government e-Petitions Team gave the following reason:

We can only accept petitions about things the Government or Parliament are directly responsible for.

Decisions about writing off loans are a matter for lenders, not the UK Government or Parliament.

We have published the following petition, which you might like to sign:

Give small businesses a grant to repay any outstanding Bounce Back Loans: petition.parliament.uk/petitions/620313

We could accept a petition calling on the Government to give grants to small businesses to repay outstanding Coronavirus Business Interruption Loans.

Have your say on this petition!

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