Petition · past parliament
No more bank bailouts - allow reckless banks to fail
Closed
157 signatures
What the petition asks
In 2008, due to their reckless gambling with speculative financial products using money they did not actually have, the banks precipitated a worldwide economic crisis. The banks received over £100billion of public money in bailouts and loans to try and prevent them from collapsing completely.
Since 2008, banking practices and culture have not changed enough to prevent a re-occurrence. The burden of saving the banks has fallen mostly on taxpayers, rather than those responsible for the crash. We cannot, as a nation, allow this to happen again. If banks cause another crash, they should be allowed to fail, and not receive another bailout. The government has refused to bail out non-banking industries that provide many jobs (most recently, steel), so they should treat banks the same.
Timeline
| 12 Feb 2016 | Petition opened for signatures |
| 12 Aug 2016 | Closed to new signatures |
Key facts
Signatures
157
Status
Closed
Opened
12 Feb 2016
Closed
12 Aug 2016
Follow this petition
Sign in to get an email when the government responds, a debate is scheduled or held, or the petition closes.
Source: the official petition page. Last checked 15 Jul 2026.