Increase taxes on high earners to fund emergency Budget measures

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Increase taxes on high earners to fund emergency Budget measures

Petition Details

The Government has announced it will be making over £300 billion available to protect businesses and others affected by Coronavirus and more may be necessary. The Government has not said how this will be funded, but funding by means of further borrowing would be unsustainable.

Additional Information

To prevent increasing the National Debt and to make the burden equitable, the Government should increase taxes on high earners to fund the additional spending measures which they have announced. This could be achieved by increasing the higher and additional rates of Income Tax or creating a new Income Tax band for the highest earners.

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