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This petition is now closed, as its deadline has passed.
We the undersigned petition the Prime Minister to apply the same guarantee to those of us who deposited our hard earned savings in the Equitable Life as it has done to savers in Northern Rock. More details
Submitted by Mike Hough – Deadline to sign up by: 21 September 2008 – Signatures: 111
More details from petition creator
The Government has provided a 100% guarantee to savers in Northern Rock and, by implication, to other 'banks' such as Alliance & Leicester. On the following day Northern Rock investors (i.e. shareholders) saw their investment rise by 8.22% and those investors in Alliance & Leicester by 32.17% as a direct result of the Government guarantee. Shareholders, by definition, know and understand the risks of investing in equity. They are aware that share prices fall as well as rise. Investors are risk takers.
Savers who deposit their hard earned funds into such organizations are not risk takers, which is why they chose 'building societies' rather than themselves buying equity directly. It would seem inequitable that Government is prepared to provide guarantees which bring benefit to shareholders but refuse such guarantees to savers such as those who deposited money in Equitable Life.
Current signatories
Mike Hough, the Petition Creator, joined by:
- Lis Rooom
- Andrew Constantine, English Democrats
- Michael Percy
- David Crawford
- Michael Read
- Matt
- Ashley Stevens
- Agree with point but why ONLY Equitable Life?
- Jessica Pearce
- Keith Jones (Taxpaying Pensioner)
- Colin Burgess
- Thomas Hill
- Anthony Searle
- Ken Barnes
- susan underwood
- William Morgan
- maureen fearby
- Anthony Hill
- Jan Allan Daum
- David Lawrence
- Jason Dobb
- J David Mann
- Richard Tebboth
- robert maclean black
- Dianne James
- Mustafa Arif
- Bryan Colyer
- Sunil Prema Foster
- Allan Gerald Peter Davidson
- Robert Staples
- Peter Lloyd
- Frances Andrews
- John Hand
- reginald william nicholls
- Andrew Bagnall
- Ingrid McKirdy
- Christine Robinson Mawer
- Marcus Horrigan
- Carol M Chidley
- Pete Arguile
- Robert Thorn
- William Grant
- judy brunton
- Pete callaghan
- Stewart Simpson
- Hari Gupta
- Jonathan Clapton
- Ronald Harding
- Sally Kanabar-Wilson
- David. C. Measures
- hugh john bradbury
- Roger A D Hobbs
- ROBERT WILKINSON
- Frederick Adkins
- Caro Fickling
- Graham Murray Williams
- Pamela Williams
- Clive Wilkinson
- John Kelly
- Barry Faith
- Robert James Rutherdale
- John Jackson
- Derek Gregory
- Rosanne Ward
- Tim Crabb, retired
- David Moore
- Martin Sloan
- Geoffrey Freedland
- Peter Cooney
- Jim JENKINS
- David V Evans
- Ann Heard
- akil elewa
- Richard Simmonds
- Hyldora Auriol Horton
- David Moffat
- anthony cope
- Ian Wright
- Richard Hiles
- Des waterfall
- james miller
- Angela Crossland
- colin taylor
- Peter Thom
- Daniel M.N. SIMSON
- James M Kelly
- Simon Eccles
- Brian Stretch
- Edmund Ledwick
- steve hallett
- siobhan muskett
- Leslie Sarson
- Vic Lawson
- Caroline Woodhead
- B Pells
- Diane Smith
- John Thompson
- SL SAWYER
- P Reeve
- D Lynch
- raymond davison
- Brian R Edwards
- David Barker
- Irene Reed
- Graham Richards
- Martin Sheffield
- James Forrest
- John Harrington
- stephen brown
- Leslie Goss
