Monday 28 March 2011

Increase in Income Tax Threshold thanks to Lib Dems in Government

900,000 low-paid workers are set to be taken out of Income Tax altogether from April, thanks to the Lib Dems in Government. Many more people throughout Merseyside will receive a tax cut.

"This will help reduce the gap between rich and poor," says Manor Ward Lib Dem Councillor, John Gibson, who welcomes the news. Inequality increased over 13 years of Labour government. Lib Dems insisted, as part of the Coalition agreement, that this should be reversed. "The merging of Tax and National Insurance will also make it clearer to people what rate they are really paying. National Insurance has not been any form of real 'insurance' for many years. It has been used as a hidden tax by successive Prime Ministers, especially by Tony Blair” added Cllr. Gibson.

No comments:

Post a Comment