Submitted on Friday 30th September 2022
Rejected on Tuesday 4th October 2022
Current status: Rejected
Rejection code: duplicate (see below for details)
Scrap the tax cuts that were announced in the 'mini-budget'
The Government must at least defer indefinitely any plans to cut the taxes that it has planned in its 'mini budget' of September 23rd
Tax cuts announced on September 23rd shredded financial confidence in the Govt and the value of Govt bonds needed to finance Govt debts fell. The Bank of England (BOE) bought bonds to stop their value from declining (and their yields increasing). But the BOE cannot carry on this indefinitely. Without urgent action to withdraw the tax cuts the Govt will be forced to approach the IMF to stop the country going effectively bankrupt and suffering very high interest rates and very high inflation.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign this petition which calls for the same action: petition.parliament.uk/petitions/623929
18.216.32.116 Fri, 19 Apr 2024 06:15:28 +0100
