Sunday, 20 March 2011

Fantastic News for Alarm Clock Britain!

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!

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