Friday, 6 April 2012

Tax cut for 137,900 people in Manchester

On 6 April 2012 the Personal Allowance will be raised for the second year in a row, meaning 137,900 people in Manchester will get a £130 Income Tax cut and the number of the lowest paid people who have been lifted out of paying any Income Tax will reach 8,200.

Commenting, Manchester's Lib Dem Leader Coun Marc Ramsbottom said:

“The tax system had gotten increasingly unfair under successive governments over the last few decades, sucking more and more people into paying Income Tax.

“It was patently unfair that when Liberal Democrats came into office, millions of low-paid workers were paying a higher proportion of their income in tax than the richest were.

“I’m proud that Liberal Democrats did the right thing and made rebalancing the tax system a priority, putting it on the front page of our manifesto. More than a million people will have been lifted out of paying Income Tax all together and over 20m basic-rate taxpayers have received a £330 tax cut since the Coalition Government came into power.

“At the same time, Liberal Democrats are making sure the rich pay their fair share, by closing loopholes, introducing a tycoon tax and cracking down on tax avoidance. As we clean up the economic mess Labour left behind, it is right that the broadest shoulders bear the heaviest burdens.”

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