Petition Use the Devolved 10p Control for a Proportional Tax Cut in Response to UK Rises
With Welsh incomes standing at only 92.6% of the UK average, we call for the strategic use of devolved tax powers to proportionally lower the Welsh Rates of Income Tax (WRIT) in response to any UK-wide income tax rises.
This is necessary to prevent the pay deficit from widening, attract high-value business, and build a competitive Welsh economy that ultimately grows the tax base, delivering higher overall tax revenues for the Welsh Government in the long term.
More details
Income in Wales is significantly lower than the UK average. This severe pay gap leaves the income of Welsh workers at only 92.6% of the UK average. This is a persistent 'lower income ceiling' that pushes our best talent across the border and makes us less attractive to major investors.
The UK Government, has signalled its intention to raise taxes, with discussions focused on a potential 1p or 2p increase in the pound on income tax.
A lower income tax rate instantly makes Wales the most attractive UK location for businesses looking to relocate and for high-skilled professionals seeking higher net take-home pay.
Lower personal taxation is a direct incentive for high-growth sectors, technology companies, and financial services to establish their presence in Wales, creating well-paid, sustainable jobs.
By lowering the WRIT, the Welsh Government can transform the narrative of Wales from one of an income deficit to one of a competitive, ambitious, and high-growth nation.
At 250 signatures...
All petitions with more than 250 signatures will be discussed by the Petitions Committee
At 10,000 signatures...
Petitions with more than 10,000 signatures will be considered for a debate in the Senedd