Refuse bailout for virgin Atlantic, force shareholders to bail out their company

Rejected 16 signatures

What the petition asks

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.

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.

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: Decline any requests for bailouts from the airline industry

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

1 Apr 2020	Petition opened for signatures
21 May 2020	Rejected by the Petitions Committee

Key facts

Signatures 16

Status Rejected

Rejected 21 May 2020

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