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Lib Dems pledge — "Thousands will pay no tax"
2009-04-27 21:23:08 Thousands of people in Hackney will be taken out of income tax altogether by new tax proposals launched by the Liberal Democrats. And thousands more will see their income tax bill slashed by £700 a year.
As the chancellor struggles, Liberal Democrats are aiming for a far reaching and permanent change to the tax system to benefit those on low and middle incomes.
The plans were launched by Party Leader Nick Clegg on 20th April. He aims to boost family budgets battered by rising food, power and transport prices. The plans call for the personal tax allowance to be raised to £10,000.
Keith Angus, Lib Dem parliamentary candidate for Hackney North & Stoke Newington said,
“Thousands of families on low incomes in Hackney will benefit from this tax cut. They will be lifted out of income tax altogether, and people earning over £10,000 will pay £700 less income tax a year, paid for by ending the loopholes and tax avoidance schemes used by the wealthy and big corporations.
“Ordinary people are struggling because of the recession. Here in Hackney, Liberal Democrats will be going into the general election committed to a lasting income tax cut.”
Tags:
tax, economy, vince cable, nick clegg
