This petition was submitted during the 2019-2024 parliament
Rejected petition Compel banks to suspend demands for debt repayments during the COVID-19 crisis.
For banks to be instructed to behave responsibly towards citizens who have debts such as mortgages, loans or credit cards, but allowing people a 3 or 4 month period of suspension of repayment without penalty. This will cover the COVID-19 peak period when many individuals will be out of work.
More details
UK banks were bailed out using public money when they faced financial difficulties.
During the COVID-19 crisis, it is anticipated that a great proportion of the population will suffer significant financial loss due to diminished income from reductions in trade, self isolation or caring for family members. This will mean that debt repayments are likely to be missed, causing further hardship through default fees. Banks should support the public and not profit from the global crisis.
This petition was rejected
Why was this petition rejected?
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: https://petition.parliament.uk/petitions/305297
You can find out more about coronavirus and how you can protect yourself and others here:
NHS website: https://www.nhs.uk/conditions/coronavirus-covid-19/
UK Government website: https://www.gov.uk/coronavirus
You can read NHS tips to help if you are worried about coronavirus here: https://www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips
We only reject petitions that don’t meet the petition standards.