Petition · past parliament
Do not scrap the additional rate of income tax (45% for income above £150,000)
Closed
31 signatures
What the petition asks
The policy of abolishing the additional rate of income tax may cause immense damage to the UK economy, giving money to those who don’t need it and increasing inequality: we want the government to retain it now. I believe “Trickle-down economics” has never worked in the past, and will not work here.
The chancellor’s “fiscal event” on 23 September caused the pound to plummet against USD from $1.125 at midnight that day to just $1.09 less than 24 hours later: the worst exchange rate since 1985 (source: https://www.independent.co.uk/business/markets-plunge-in-worst-day-ever-after-minibudget-b2174088.html). I believe this is just a forecast of how the chancellor’s policies will not encourage growth, but will accelerate our economy’s slip into recession.
Timeline
| 30 Sep 2022 | Petition opened for signatures |
| 30 Mar 2023 | Closed to new signatures |
Key facts
Signatures
31
Status
Closed
Opened
30 Sep 2022
Closed
30 Mar 2023
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Source: the official petition page. Last checked 15 Jul 2026.