Petition · past parliament · HM Treasury

Increase the 40% tax bracket from £50,270 to £70,000

Closed 443 signatures

What the petition asks

With the current cost of living crisis the general public are working all hours humanely possible to stay afloat. We want the Government to raise the 40% tax threshold from the £50,270 to £70,000, so people lose a smaller proportion of their income to tax.
Just like all costs rising with inflation, I believe the tax bracket should be increased too. there is a much bigger salary range between 40% and 45% than their is between 20% and 40% just that extra lift to £70,000 would make would help people with the cost of living, or to save for their future.

Timeline

3 May 2023 Petition opened for signatures
3 Nov 2023 Closed to new signatures

Key facts

Signatures 443
Status Closed
Department HM Treasury
Opened 3 May 2023
Closed 3 Nov 2023

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Source: the official petition page. Last checked 15 Jul 2026.