Increase Tax-Free Personal Allowance

Increase Tax-Free Personal Allowance
Why this petition matters

As the Country sees Poverty Sore due to Sky High Energy Bills, etc.
A very Simply yet effective strategy to help relieve tension on working class families would be to Increase the Tax Free Personal Allowance above the percentage of Inflation.
The Personal Allowance of Tax Free Income has Stagnated in Recent years and is falling behind with the Amount of Currency Created. Meaning every year the currency expands in the United Kingdom but Tax Free Personal Allowance doesn't reflect this, the working class are essentially being double taxed.
A theoretical basic example for easy comprehensions:
- Uk currency total 1million pounds. Tax free allowances 1000pa. Equals tax free allowances of 0.001percent of Total UK currency.
- The following year after a crisis, UK gov announced packages to help families deal with the crisis, creating a flood of Extra currency in the economy. New total UK currency 2million pounds. Tax Free Allowance increase to 1100pa. Equals tax free allowances od 0.00055percent of Total UK currency.
This basic theoretical example shows us how working class families are double taxed through inflating the currency supply. You can check the UK currency supply through gov stat websites.
Inflation is Not created as a result of price rises and product demand it is a direct result of Currency creation WITHOUT extra product creation.
Unfortunately our financial system is built with defaults and Bankruptcy built in when this shouldn't be the case however Increasing what working class families can earn Tax Free is a great way to STEM the Crushing Economic pressure and Could almost Certainly save lives through elevating financial worries
We'd make a suggestion at raising the Tax Free Personal Allowance Straight to 15000pa in 2023 with the teirs that follow being increased accordingly. Then perhaps increasing it to 16000 in 2024.