Rejected petition Use £56 Billion in quantitative easing to give every UK tax payer £2000.

It has been announced that the UK Government will inject £200 Billion in to the economy via quantitive easing.

Please DO NOT just give this money to the banks in the hope that they will ease the burden on businesses by forgiving debt and providing loans.

THEY NEVER DO!

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£56 Billion of that would give every UK tax payer a £2000 lump sum each.

This money would keep the wolves from the door and provide a cussion to all those expected to take unpaid leave or work on reduced pay during this crisis.

It would be a buffer for all those who lose their jobs. It would provide a bit of financial security to those who face an uncertain few months.....

It should not end up added to the bank's capital reserve!

This petition was rejected

Why was this petition rejected?

It’s about something that the UK Government or Parliament is not directly responsible for.

The Bank of England is owned by the UK Government, but is independent in how it carries out its responsibilities. Decisions about quantitative easing, and any other action by the Bank of England, is therefore a matter for the Bank, and not the Government or Parliament.

We have published a petition calling on the Government to implement Universal Basic Income to give home & food security through Covid-19, which you might like to sign: https://petition.parliament.uk/petitions/302284

You could start a new petition calling on the Government to make a one-off payment to all UK residents, to help them with any financial difficulties resulting from the coronavirus outbreak, if that is what you would like to happen.

You can find out more about coronavirus and how you can protect yourself and others here:
www.gov.uk/coronavirus
https://www.nhs.uk/conditions/coronavirus-covid-19/

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.

Date submitted 19 March 2020
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