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.  

This petition had 1,673 supporters

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 Decision Makers

HBOS
HBOS
Royal Bank of Scotland
Royal Bank of Scotland

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