Closed petition: Reduce income tax & CGT to less than 30% and fill deficit in other ways

Closed on 7 February 2026

We think high taxes cause people and consequently companies to leave the UK, causing even further loss in the Government's budget. The proposal is to slowly decrease income tax together with capital gain tax for productive assets (UK companies only) over several years, with highest bar of 30%.

We think this change would boost the economy and increase budget in a long term.

As decreasing of taxes could temporarily cause deficit of the budget, we suggest filling the gap by: reducing help to foreign countries, reducing benefit payments for non British citizens, reducing government subsidiary for public services.