Mark Hunter MP: Lib Dems deliver £800 tax cut for over 34,000 people in Cheadle constituency

March 19, 2014 4:06 PM

The Chancellor of the Exchequer today announced an £800 income tax cut for the lowest earners by increasing the personal allowance from April 2015 to £10,500. The raising of the tax threshold was a Liberal Democrat manifesto pledge which, thanks to their membership of the Coalition Government, they are delivering.

In previous budgets, the Lib Dems had already delivered on a £700 tax cut for low to middle earners, but today's news goes even further for hardworking people by putting an extra £100 back in taxpayers' pockets. The number of people who are anticipated to benefit from the cut to the personal allowance in the Cheadle constituency is 34,390.

Other announcements in the Budget included a petrol duty freeze, a further 1p reduction in beer duty, and a boost for savers with an increase of the ISA tax-free savings limit to £15,000.

Commenting Mark Hunter said:

'The Liberal Democrats' £800 tax cut is a real budget boost for working people, both locally and around the country.

'I know that hard-pressed local residents will also appreciate the freeze on fuel duty and the welcome support that the Government is giving to our pubs by reducing the tax on beer and freezing duty on whisky and cider.

'The news on the increased tax-free limit of ISAs will be of particular interest to many of my constituents; the Coalition Government is using this year's Budget to support savers make their money go further as well as taking the next steps to deliver a stronger economy and a fairer society.'

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