This Budget is packed full of policies that deliver Liberal Democrat priorities: Help for lower and middle income earners by increasing the Personal Allowance by further £200 so that from April 2016 the tax threshold increases to £10,800 and from April 2017 to £11,000. By 2017/2018, 27.2 million workers will have benefited from increases in the personal allowance and we will have lifted over 3.7 million out of income tax altogether. Help for children with mental health problems by providing £1.25bn of new funding over the next five years to treat 110,000 more children with mental health issues, and provide rapid access to treatment for new mothers. Help for motorists[…]
As reported in the national media, the Liberal Democrats plan to cut national insurance contributions even further, for anyone earning below £12,500 a year. The Lib Dems will promise in their general election manifesto to raise the level at which workers start to pay national insurance contributions. Employees currently start paying national insurance on earnings above £153 a week, or £7,956 a year, at a rate of 12%. The Lib Dems, who will beat the goal set out in their 2010 manifesto to raise the personal income tax allowance to £10,000 in this parliament, have already indicated that they will pledge to raise it to £12,500 by 2020. Danny Alexander[…]
Every year for the last three years Lib Dems in government have fought to make sure that the budget delivers tax cuts for working people. Now, we’ve got to do the same again. We’ve come a long way already, delivering a £700 tax cut for over 25 million workers. But we’ve had to fight the Conservatives every step of the way to get these tax cuts on the agenda, every year, at every budget. This year is no different. Commenting, Local Lib Dem city councillor, Darren Fower said: “Unlike Labour and the Conservatives, the national Lib Dems want to deliver an additional £100 tax cut for those 25 million workers,[…]
Get the Flash Player to see this content.