Reduce income taxes on earnings under £50,000 and increase personal allowance

Summary

Reduce the current basic tax rate of 20%, to 10%, for those earning under £50,000 a year, and increase the personal tax-free allowance to £15,000 a year. We believe many are struggling financially. In our view, prices are too high, food and basic necessities cost too much, bills are increasing, people are having to choose between having a warm house or food. We believe young people can't afford to live independently as they could be due to the current personal allowance. We believe the government needs to start thinking about the public and their needs.

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Timeline

1. 25 November 2024

   Petition

   Reduce the current basic tax rate of 20%, to 10%, for those earning under £50,000 a year, and increase the personal tax-free allowance to £15,000 a year. We believe many are struggling financially. In our view, prices are too high, food and basic necessities cost too much, bills are increasing, people are having to choose between having a warm house or food. We believe young people can't afford to live independently as they could be due to the current personal allowance. We believe the government needs to start thinking about the public and their needs.

   Source: Petition

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