Petition · past parliament · HM Treasury
Reverse the tax cuts announced in the mini budget
Closed
328 signatures
What the petition asks
Reverse the below tax cuts to restore confidence in the economy, the pound’s strength and reduce the prospect of further interest rate rises:
- Retain 45% income tax on high earners
- Basic income tax rate to stay at 20%
- Retain 1.25% increase in dividend tax
- Retain 1.25% NI increase
- Retain 45% income tax on high earners
- Basic income tax rate to stay at 20%
- Retain 1.25% increase in dividend tax
- Retain 1.25% NI increase
The aforementioned changes have resulted in a loss of confidence, causing the value of the pound to crash and raising the risk of significant interest rate rises which will be more costly to people than the savings generated by the tax cuts. Furthermore, the weak pound significantly increases import costs for businesses and puts them at risk of going out of business.
Timeline
| 28 Sep 2022 | Petition opened for signatures |
| 28 Mar 2023 | Closed to new signatures |
Key facts
Signatures
328
Status
Closed
Department
HM Treasury
Opened
28 Sep 2022
Closed
28 Mar 2023
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Source: the official petition page. Last checked 15 Jul 2026.