Raise the Personal Allowance to £20K funded by a 2% tax on incomes over £100K

Background

We believe this change could allow ordinary people to pay off their debt, save and invest more securely, spend more on holidays, retail, home improvements and services, and support local businesses and jobs.

Additional details

By having more disposable income, people could reinvest it into the economy, and the benefits could ripple outward. This proposal should be funded by those who can afford it. It could provide financial benefits that are brave and potentially revolutionary. Money would go back into the economy and could genuinely reward working. If the goal is to truly redistribute wealth and close the poverty gap, then we believe that such ideas should be considered.

Where it’s popular

Constituencies with the most signatures on this petition.