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This petition was submitted during the 2019 to 2024 Parliament

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Closed Reverse the tax cuts announced in the mini budget

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Reverse the below tax cuts to restore confidence in the economy, the pound’s strength and reduce the prospect of further interest rate rises:

- Retain 45% income tax on high earners
- Basic income tax rate to stay at 20%
- Retain 1.25% increase in dividend tax
- Retain 1.25% NI increase

The aforementioned changes have resulted in a loss of confidence, causing the value of the pound to crash and raising the risk of significant interest rate rises which will be more costly to people than the savings generated by the tax cuts. Furthermore, the weak pound significantly increases import costs for businesses and puts them at risk of going out of business.

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    This petition will stay open until 28 March 2023.