Using Nick Clegg’s description of those hard working individual on a mediocre salary, never more than one pay cheque away from an overdraft, the Lib Dems in coalition have secured a fantastic tax concession for ‘alarm clock’ workers in Britain.
From 6th April this year, the threshold for which basic rate tax is collected will rise to £7,475 (from the current £6,475) meaning that in West Sussex alone 1,750 people will no longer pay any income tax at all whilst a further 58,300 will pay £200 a year less!
As the concession is restricted, unlike tax breaks introduced by previous administrations, this one really is designed to benefit those on low or average incomes; putting money back into the pocket millions of workers across the Country as a whole.
This was of course centre-piece to the Lib Dem General Election manifesto and credit must be given to Nick and the team for persuading the Tories, not traditionally a party to look after the interests of the less well off, to go along with this!
As the concession is restricted, unlike tax breaks introduced by previous administrations, this one really is designed to benefit those on low or average incomes; putting money back into the pocket millions of workers across the Country as a whole.
This was of course centre-piece to the Lib Dem General Election manifesto and credit must be given to Nick and the team for persuading the Tories, not traditionally a party to look after the interests of the less well off, to go along with this!
No comments:
Post a Comment