Submitted by Anthony Ajanaku on Tuesday 20th February 2024
Published on Thursday 29th February 2024
Current status: Closed
Closed: Wednesday 29th May 2024
Signatures: 188
Relevant Departments
Raise the Tax-Free Personal Allowance to £16,000 in the next tax year
The current standard Personal Allowance is £12,570. However, with the current economic challenges and increased living costs, we believe the £12,570 allowance is no longer sufficient for many people.
By increasing the standard Personal Allowance from £12,570 to £16,000 we can support average UK workers.
We ended December 2023 with an inflation rate of 4.0%. This economic climate has left many struggling to make ends meet, with some full time workers having to use food banks.
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3.149.27.33 Thu, 21 Nov 2024 11:16:43 +0000