Petition · past parliament · HM Treasury
Reduce income tax from 20% to 10%
Closed
47 signatures
What the petition asks
Lowering the income tax basic rate to 10% from 20% will help the overall economy in its own way.
People will have more money to live, which will be ideal in this current cost of living crisis. I also believe this will encourage people to shop more, because they have the extra money to do so, this will help businesses due to more people shopping. Overall happiness will increase due to having more money to live and also less money stress for those who don’t have higher incomes. This will help feed the economy since we may actually put more into businesses that need support from the public
Timeline
| 22 Sep 2022 | Petition opened for signatures |
| 22 Mar 2023 | Closed to new signatures |
Key facts
Signatures
47
Status
Closed
Department
HM Treasury
Opened
22 Sep 2022
Closed
22 Mar 2023
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Source: the official petition page. Last checked 15 Jul 2026.