This petition was submitted during the 2010 to 2015 Parliament
Closed petition SUSPEND INCOME TAX ON SAVINGS INTEREST (by SaveOurSavers)
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With the Bank of England’s base rate at a record low and CPI inflation over double the Government’s target, UK savers are suffering heavily from negative real interest rates.
On behalf of the nation’s savers, Save Our Savers calls for a suspension of income tax on savings interest, to remain in force while CPI inflation exceeds base rate.
2,426 signatures
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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 16 August 2012.