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Introduce an "Interest Surcharge" tax to finance additional NHS exenditure.

Submitted on Sunday 24th June 2018

Rejected on Monday 9th July 2018

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

Introduce an "Interest Surcharge" tax to finance additional NHS exenditure.

Petition Details

An "Interest Surcharge" will contain inflation, without strengthening the pound or hurting exports. VAT registerees would reclaim the surcharge. Thus only consumers would be affected, but would gain from the deferring of increased Base Rates. 1% surcharge raises £16 bn - almost the NHS needs.

Additional Information

Consumer debt is currently around £1.6 trillion so a 1% surcharge would raise almost all the required additional NHS spending. It is hard to see who would be a significant loser from such a move, especially as the alternative of raising traditional taxes such as Income Tax, Corporation Tax or VAT would erode the meagre antiicipated economic growth to the point where the net increased tax raised could be very small.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

Petitions need to call on the Government or Parliament to take a specific action.

We're not sure exactly what you'd like the Government or Parliament to do.

You could start a new petition explaining clearly what you would like the Government or Parliament to do.

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