51,400 people in Hinckley and Bosworth will get Income Tax cut in April – Cllr Michael Mullaney
A local Councillor has welcomed news that the Personal Allowance will be raised further than already planned in April, benefitting more than 50,000 workers in Hinckley and Bosworth.
Lib Dem parliamentary spokesman for Bosworth Cllr Michael Mullaney said: "Raising the tax free personal allowance to £9,440 in April will see a further Income Tax cut for many local workers in Market Bosworth, Markfield, Ratby and other parts of Hinckley and Bosworth.
"The announcement means that by April, 51,400 ordinary working people in Hinckley and Bosworth will get a further Income Tax cut, bringing the total tax cut to £600 a year since Liberal Democrats joined the Coalition Government.
"In Hinckley and Bosworth this welcome news also means that we will have taken 4,100 low-earners out of paying Income Tax all together since the Coalition Government came to power.
"Liberal Democrats are working for a stronger economy and a fairer society, so that everyone can get on in life. That's why we are cutting taxes for working people. These changes are just the start. By 2015 we want to raise the amount people can earn Income Tax free to £10,000. Eventually I would like to see all workers on the minimum wage taken out of Income Tax altogether to make work pay.
"Liberal Democrats want fairer taxes, which is why we made raising the tax-free allowance our number one priority at the General Election - so important that we put it on the front page of our manifesto.
"When times are tough, with rising bills and wages not keeping pace with inflation, we want to give people real, practical help.
"Cutting Income Tax will not deal with all of those problems, but it will help. And I hope it will make a big difference to people locally."