Rejected petition Reduce VAT by 10% for 18 months to alleviate the cost of living hike.

Vat is a standard tax paid on many things. It currently stands at 20%. The government should strongly consider reducing this to 10% for a period of 18 months.

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In the financial crisis of 2008 VAT was reduced to 15% and it has a positive effect of consumer spending. It had the effect of stimulating the economy and making life a little easier for both business and consumer alike. The same should apply now. The cost of living is now higher than in the last 30 years. Government, by its nature, cannot set prices. But it can cut taxes to help people pay less. A short term cut in VAT would be a huge help to millions of us who are struggling.

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

You may wish to sign this petition which calls for a similar action: https://petition.parliament.uk/petitions/609147

We only reject petitions that don’t meet the petition standards.

Date submitted 23 February 2022
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