The UK banks should bail out the people, in return for the people bailing out the banks.


The UK banks should bail out the people, in return for the people bailing out the banks.
The Issue
in 2008/9 our politicians unleashed one of the largest capitalisation programmes to shore up the balance sheets of the UK banks after the great financial crisis had shown us that they were being irresponsible with their investment strategies and hadn't effectively protected our deposits from their investment banking operations. This "Bail out" has resulted in 10 years of fiscal austerity bestowed upon the people of the UK in order to balance the books and repay this bail out.
Now we have our backs against the wall once again due to a global pandemic but this time the banks are better capitalised and more resilient. I believe that its now time for the banks to bail out the people and for a 6 month pause placed on all interest payments on credit cards, loans and mortgages.
The Issue
in 2008/9 our politicians unleashed one of the largest capitalisation programmes to shore up the balance sheets of the UK banks after the great financial crisis had shown us that they were being irresponsible with their investment strategies and hadn't effectively protected our deposits from their investment banking operations. This "Bail out" has resulted in 10 years of fiscal austerity bestowed upon the people of the UK in order to balance the books and repay this bail out.
Now we have our backs against the wall once again due to a global pandemic but this time the banks are better capitalised and more resilient. I believe that its now time for the banks to bail out the people and for a 6 month pause placed on all interest payments on credit cards, loans and mortgages.
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Petition created on 16 March 2020
