Petition · past parliament · HM Treasury
Lower the standard rate of income tax due to cost of living increases
Closed
53 signatures
What the petition asks
With the extortionate prices of travel, petrol, energy bills and more on the rise, I believe the standard rate of income tax should be lowered from 20% to 15%-18%. A lot of lives have changed during the pandemic, particularly those in low income households, struggling to afford everyday necessities.
The increased prices are causing a setback in everyone’s financial situations. One case being the “generation rent to generation buy”, many of whom cannot afford to get onto the property ladder. Monthly rents are extortionate and mortgages even harder to obtain. The cost of travel increasing will encourage more workers to stay at home. However, the rise in energy bills means the cost of working at home is also higher.
Timeline
| 6 Apr 2022 | Petition opened for signatures |
| 20 Oct 2022 | Closed to new signatures |
Key facts
Signatures
53
Status
Closed
Department
HM Treasury
Opened
6 Apr 2022
Closed
20 Oct 2022
Follow this petition
Sign in to get an email when the government responds, a debate is scheduled or held, or the petition closes.
Source: the official petition page. Last checked 15 Jul 2026.