Petition · past parliament
Rethink 2015 budget priorities: raise £10 billion but not from working families
Closed
127 signatures
What the petition asks
The political choice to cut tax credits raises £10b from working families by 2020. There is an alternative. £10b can also be raised by not changing inheritance tax (£1b), corporation tax (£2.5b), personal allowance (£4b) & stamp duty (£0.8b) stable & not raising higher rate threshold to £50k (£2b).
This alternative package better targets unearned income and wealth, and affects those more able to pay such as those who own shares, receive large inheritances and pay the higher rate of income tax - sparing struggling British working families on middle and lower incomes.
Sources: Treasury, IFS, analysis by Jolyon Maugham.
Sources: Treasury, IFS, analysis by Jolyon Maugham.
Timeline
| 20 Oct 2015 | Petition opened for signatures |
| 20 Apr 2016 | Closed to new signatures |
Key facts
Signatures
127
Status
Closed
Opened
20 Oct 2015
Closed
20 Apr 2016
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Source: the official petition page. Last checked 15 Jul 2026.