Change the threshold for 40% tax

Background

The tax is due to change in April 2025 to increase tax for earning over £37,701 to 40% from 20%. This is a huge and unfair jump considering the cost of living. With earners of £125k plus only paying 5% more. This is far too removed from reality and a reduction in far too many wages.

Additional details

The cost of living as a result of the governments poor management is already at an all time high and to further reduce income puts people closer to the breadline. 40% tax is disgusting and an embarrassment to a country that claims to be for its people. It is not fair or feasible to increase tax to this value, nor necessary when millionaires and billionaires pay such small amounts.