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This petition was submitted during the 2019 to 2024 Parliament

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Closed Reduce all income tax rates

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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%

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.

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    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 30 May 2024.