Petition · past parliament
All financial institutes should be told they are not allowed to earn either.
Rejected
21 signatures
What the petition asks
When Government actions force a huge number of people to be unable to earn, then Banks etc should not be allowed to earn either. Pass a law to force financial institutes to stop charging interest until the current emergency situation has passed and people are able to work normally again.
Payment holidays are not enough - it just defers the problem. Not earning means no interest charges on any mortgages so that landlords can stop charging tenants. It means no interest charges on any type of credit for businesses and individuals ie loans, overdrafts and credit cards. Banks should not have to pay interest in return. The UK people bailed the Banks out when they caused their own collapse. It's time to return the favour. Not all jobs can be carried on at home. If some people make a small amount then they'll spend it after and help kickstart the economy. The important part is that nobody should be financially worse off for this and Government shouldn't have to fund it all because the people still pay for this in the long run.
Why it was rejected
There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.
You may wish to sign this petition calling for the same action: Legislate to limit interest rates on lending during Covid-19 outbreak
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/
The Government has also created an online service to help you out what you can do if you’re struggling because of coronavirus: https://www.gov.uk/find-coronavirus-support
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
You can read impartial analysis of the Government response to coronavirus and policy developments here:
https://commonslibrary.parliament.uk/coronavirus/
You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.
Find out more and watch the Committee put questions suggested by petitioners to Government Ministers and the Deputy Chief Medical Officer: https://committees.parliament.uk/committee/326/petitions-committee/news/145767/committee-question-deputy-chief-medical-officer-and-ministers-on-coronavirus-response/
Read letters asking further questions of Government Ministers: https://committees.parliament.uk/committee/326/petitions-committee/publications/3/correspondence/
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/
The Government has also created an online service to help you out what you can do if you’re struggling because of coronavirus: https://www.gov.uk/find-coronavirus-support
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
You can read impartial analysis of the Government response to coronavirus and policy developments here:
https://commonslibrary.parliament.uk/coronavirus/
You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.
Find out more and watch the Committee put questions suggested by petitioners to Government Ministers and the Deputy Chief Medical Officer: https://committees.parliament.uk/committee/326/petitions-committee/news/145767/committee-question-deputy-chief-medical-officer-and-ministers-on-coronavirus-response/
Read letters asking further questions of Government Ministers: https://committees.parliament.uk/committee/326/petitions-committee/publications/3/correspondence/
Timeline
| 20 Mar 2020 | Petition opened for signatures |
| 24 Apr 2020 | Rejected by the Petitions Committee |
Key facts
Signatures
21
Status
Rejected
Rejected
24 Apr 2020
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Source: the official petition page. Last checked 15 Jul 2026.