£800 tax cut for 77,000 people in Solihull


An £800 Income Tax cut for people in Solihull is the real Budget boost, Liberal Democrat Lorely Burt said today.

The Budget revealed plans to increase the Personal Allowance from April 2015 and put an extra £100 back in taxpayers' pockets.

The Liberal Democrats in government have already delivered a £700 tax cut for low to middle earners as promised in their manifesto, but today's news goes £100 further for most workers.

The number of people in Solihull who could benefit from raising the Personal Allowance - the amount you can earn before paying Income Tax - is expected to be around 40,300 in Meriden constituency and 36,390 in Solihull constituency, giving a total of 76,690.

Mrs Burt said, "This tax cut is the real Budget boost for working people and would not have happened without Lib Dems in government creating a stronger economy and a fairer society.

"The Tories are desperate to claim credit, but in reality their focus is on changes such as an Inheritance Tax cut for millionaires which we blocked, while Labour simply cannot be trusted with the economy.

"This was on the front page of our manifesto, but we are also helping people with a freeze on fuel duty and new tax-free childcare to help parents."

Table showing changes to the Personal Allowance:

Fiscal Year

Personal Allowance

Tax cut (since previous year)

Tax cut (since 2010-11)

Budget set by

2010-11

£6,475

NONE

N/A

Labour

2011-12

£7,475

£200

£200

Coalition

2012-13

£8,105

£126

£326

Coalition

2013-14

£9,440

£267

£593

Coalition

2014-15

£10,000

£112

£705

Coalition

2015-16

£10,500

£100

£805

Coalition


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