This petition was submitted during the 2017-2019 parliament
Rejected petition Declare the current UK Government Bankrupt
As the uk government can no longer meet its financial obligations to the NHS, Schools, Fire Service, Police to name a few under uk legislation any other company would be prosecuted for trading insolvent. The government should consider bankruptcy to stop the overwhelming interest payments it makes.
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Considering fiat currency isn't backed by anything of value the government can but choose not to write itself a cheque to payoff all the national debt. Thus saving the interest payment it could use to pay itself back.
The government should consider bankruptcy as the only option to clear its debt and to reinstate proper spending to public services immediately.
Crime is out of control, the NHS is at breaking point, local councils can't keep up with road maintenance. The country is a insolvent.
This petition was rejected
Why was this petition rejected?
It’s not clear what the petition is asking the UK Government or Parliament to do.
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