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Closed petition Raise the Tax-Free Personal Allowance to £16,000 in the next tax year
The current standard Personal Allowance is £12,570. However, with the current economic challenges and increased living costs, we believe the £12,570 allowance is no longer sufficient for many people.
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By increasing the standard Personal Allowance from £12,570 to £16,000 we can support average UK workers.
We ended December 2023 with an inflation rate of 4.0%. This economic climate has left many struggling to make ends meet, with some full time workers having to use food banks.
This petition closed early because of a General Election Find out more on the Petitions Committee website