Bank Support for UK Businesses

Bank Support for UK Businesses

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Gary Widdows started this petition to UK Parliament and

The UK Banking Sector should support UK businesses to survive the current Corona crisis.  This means cash grants underwritten by the UK Government to protect their employees and their business environment (buildings, equipment etc).

The banks must not charge interest rates more than 0.5 per cent above Bank of England base rate or ask company owners or directors to secure these cash grants with their personal assets at risk.

The banks should provide this grant support within 10 days of a request for help by one of their UK customers.

Grants provided should be repayable over a period of up to 25 years at rates fixed at 0.5 per cent above UK Bank of England base rate.

UK banks should have their UK Banking Licenses reviewed and potentially suspended if they fail to provide this service within 14 days.

 

 

 

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!