Scrap the tax cuts that were announced in the 'mini-budget'

Rejected 21 signatures

What the petition asks

The Government must at least defer indefinitely any plans to cut the taxes that it has planned in its 'mini budget' of September 23rd

Tax cuts announced on September 23rd shredded financial confidence in the Govt and the value of Govt bonds needed to finance Govt debts fell. The Bank of England (BOE) bought bonds to stop their value from declining (and their yields increasing). But the BOE cannot carry on this indefinitely. Without urgent action to withdraw the tax cuts the Govt will be forced to approach the IMF to stop the country going effectively bankrupt and suffering very high interest rates and very high inflation.

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

You may wish to sign this petition which calls for the same action: Reverse the tax cuts announced in the mini budget

Timeline

30 Sep 2022	Petition opened for signatures
4 Oct 2022	Rejected by the Petitions Committee

Key facts

Signatures 21

Status Rejected

Rejected 4 Oct 2022

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