Petition · past parliament · HM Treasury
Reduce all income tax rates
Closed
47 signatures
What the petition asks
We want the Government to change income tax rates to the following:
Personal Allowance - Up to £14,570, 0%
Basic rate - £12,571 to £50,270, 12%
Higher rate - £50,271 to £125,140 20%
Additional rate over - £125,140, 25%
Personal Allowance - Up to £14,570, 0%
Basic rate - £12,571 to £50,270, 12%
Higher rate - £50,271 to £125,140 20%
Additional rate over - £125,140, 25%
We believe reducing income tax rates will help spur economic growth. By doing so, this will give people more after-tax income that could be used to buy more goods and services, which increases the gross domestic product (GDP).
Further, reduced tax rates may boost savings and investment, which could lead to further production and reduced unemployment.
Further, reduced tax rates may boost savings and investment, which could lead to further production and reduced unemployment.
Timeline
| 29 Apr 2024 | Petition opened for signatures |
| 29 May 2024 | Closed to new signatures |
Key facts
Signatures
47
Status
Closed
Department
HM Treasury
Opened
29 Apr 2024
Closed
29 May 2024
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Source: the official petition page. Last checked 15 Jul 2026.