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‘A Step in the Right Direction’ say Gloucestershire Lib Dems

March 21, 2012 4:10 PM

Tewkesbury Liberal DemocratsThe Liberal Democrats manifesto commitment to increase the income tax threshold to £10,000 took a step closer today when the Chancellor George Osbourne delivered his third Budget.

Commenting on the Budget and in particular the personal tax threshold, Liberal Democrat Leader Cllr. Jeremy Hilton said:

"Let's not underestimate the influence of the Liberal Democrats in this Budget.

"In Gloucestershire 7,200 were lifted out of paying tax altogether last year and across the country 23m people received a £200 tax cut.

"Today's announcement that the income tax threshold will be raised to £9,205 from April 2013 supports working families and reaffirms the Liberal Democrats commitment to helping those on low incomes.

"Liberal Democrats will continue to push forward until the £10,000 tax-free allowance is finally reached making a real, positive difference to millions of people's lives.

"It is fair that money is being put back in the pockets of hard working people during these times of economic hardship.

"It is correct to introduce Nick Clegg's Tycoon Tax. Raising the stamp-duty rate on properties worth more than £2 million bought by companies based in tax havens to 15%.

"It is also right to introduce a stamp duty rate of 7% for the wealthy who can afford to purchase homes costing more than £2 million.

"There is no doubt that the Budget announced today is a balanced Budget for working people aimed at helping low and middle earners thanks to the influence of the Liberal Democrats."