This petition was submitted during the 2019-2024 parliament
Rejected petition Refuse bailout for virgin Atlantic, force shareholders to bail out their company
Refuse any bailout petitions from virgin Atlantic or Virgin brand failing businesses forcing shareholders and owners such as Richard Branson to use their own wealth rather than the countrys savings.
More details
Large businesses are emptying their banks paying shareholders dividends leaving no working capital, then when the business has a poor month trading they collapse risking thousands of jobs and expect the government to bail them out, this is poor management and the businesses should have enough saved to work through problems. Force shareholders to bail out the businesses or let them fail, the government is not a bank and using this money leaves less funds for government needs.
This petition was rejected
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You may wish to sign this petition calling for the same action: https://petition.parliament.uk/petitions/302992
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