Working people in Haringey will benefit from a £905 income tax cut by 2018, thanks to a flagship Liberal Democrat policy announced during the Budget yesterday.
The Budget included Lib Dem plans to raise the tax-free personal allowance yet again to £10,800 in 2016/17 and £11,000 a year later.
In London these Liberal Democrat measures will lift at least 502,000 out of income tax altogether.
The Liberal Democrat’s 2015 manifesto includes measures to go further with a commitment to raise the tax-free to £12,500 by the end of the next parliament.
Lynne Featherstone MP said:
“This further income tax cut is the real budget boost for working people and takes even more of the lowest-paid and part-time workers out of income tax altogether.
“The Liberal Democrats are the one party to put these tax cuts on the front page of its manifesto and deliver them – helping low and middle income families across Britain.
“This is a Lib Dem policy and has been the most important and effective policy of this Government – reducing the tax bills of millions and millions of ordinary workers.
“Labour can’t build a strong enough economy to enable these kind of tax cuts. And the Conservatives wouldn’t have brought this in on their own.
“Only the Liberal Democrats can create opportunity for everyone by building a stronger economy and fairer society.”