Lynne Featherstone MP welcomes £825 tax cut for working people

The Autumn Statement last year revealed plans to increase the personal allowance, meaning workers get to keep more of their salary before they start paying income tax.

This means that, by April, the Liberal Democrats will have delivered a £825 income tax cut for working people across the UK.

Raising the tax-free personal allowance to £10,000 – a tax cut of £700 – was on the front of the Liberal Democrat 2010 manifesto

But by the end of this parliament Liberal Democrats will have gone further, and raised this allowance to £10,600.

In London this will lift at least 49,000 low-paid and part-time workers out of paying income tax altogether.

Liberal Democrat MP for Hornsey and Wood Green, Lynne Featherstone MP said:

“This tax cut is a real budget boost for working people, and takes even more low-paid and part-time workers out of paying income tax altogether.

“The Liberal Democrats were the only party to put these tax cuts for workers on the front page of its manifesto – and now we have delivered them.

“We are also making sure those at the top pay their fair share too. In Government, we’ve clawed back £9 billion from tax dodgers.”