Thousands of people in Luton 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.
The plans were launched by Party Leader Nick Clegg on 20th April who said that they would 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
Cllr Qurban Hussain, Liberal Democrat parliamentary spokesperson for Luton South said, “Thousands of families on low income in Luton will benefit from this tax cut. They will be lifted out of income tax altogether.”
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.” says Qurban.
“Now is the time to make a far reaching and permanent change to the tax system that benefits those on low and middle incomes. Liberal Democrats want to see more money left in the pockets of ordinary people rather than taken away by the Government.”
“Here in Luton Liberal Democrats will be going into the general election committed to a lasting income tax cut.”