Adur, West & East Worthing Party including East Arun

A Budget for the many, not the few – Williams

Looking ahead to the Budget, Co-Chair of the Liberal Democrat Parliamentary Treasury Committee, Stephen Williams said:

“The Budget on Wednesday has to be a budget for the many, not the few.

“Already, the Coalition Government is doing the right thing and helping average working people. Thanks for the Liberal Democrats 25m people across the UK will receive a £130 tax cut this April and we’ll have lifted 1.1m people out of paying Income Tax all together.

“In these difficult times, it is clear the Coalition Government must now do more to help those struggling with bills and the rising cost of living. Going further and faster towards raising the Income Tax threshold to £10,000 is a straightforward way of achieving this objective.

“By lifting more than 2.5m people in the UK out of paying tax altogether and giving millions more a substantial tax cut we give real support to low and middle earners – a helping hand during tough times.”

Notes to editors:

From 6 April 2012, the Personal Allowance for Income Tax will stand at £8,105. Please see below for a breakdown by region of the total number of people taken out of tax following this decision as well as the number of people receiving a tax cut.

REGION  

Lifted out of tax altogether from April 2012

£130 tax cut from April 2012

   

UNITED KINGDOM

1,137,000

24,870,000

ENGLAND  

960,000

20,910,000

  North East

48,200

1,020,000

  North West

123,300

2,411,800

  Yorkshire and the Humber

105,000

2,000,000

  East Midlands

82,000

1,820,100

  West Midlands

102,200

2,140,000

  East of England

107,900

2,350,100

  London

140,000

3,167,300

  South East

140,100

3,560,000

  South West

100,100

2,170,100

SCOTLAND

92,000

2,190,000

WALES  

51,000

1,130,000

NORTHERN IRELAND

34,000

640,000