Liberal Democrat Councillor working for Acocks Green Learn more
by Roger Harmer on 30 November, 2009
The Lib Dems have launched their tax plans today with radical moves which will make taxes fairer, simpler and clearer.
Under the plans personal allowances will be raised to £10,000, cutting the average working age person’s income tax bill by £700 and cutting pensioner’s income tax bills by £100. Almost 4 million people on low incomes will no longer have to pay any income tax at all.
This major tax cut will be paid for by:
Under Labour millions of people on low incomes pay hundreds of pounds in income tax every year, meaning that for many people in low paid jobs, work simply doesn’t pay. Even someone working full time earning the minimum wage sees nearly £1000 taken from them in income tax.
These fully costed proposals are great news for ordinary working people and pensioners in Birmingham. They show what can be done within existing resources to make the tax system simpler and fairer. The Lib Dems are now leading the way on developing the tax system we need for future.
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