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Day: March 21, 2012

60,500 People get tax cut in Southend-on-Sea thanks to the Lib Dems

I’ve just received the following communication regarding how much the Income Tax threshold will effect each area throughout the United Kingdom. Being based here in Southend-on-Sea I shall talk about this area in this e-mail. If you want other areas then please either leave me a comment or get in touch. No doubt the excel file will be floating around the sphere of the internet sooner rather than later.

So between 2010 and 2012 the Income Tax threshold has given 3,970 an Income Tax cut in the Southend region. In the tax year 2012-2013 that will increase to 5,870 but the move in the budget today to up the limit to £9,205 for April 2013 means that for the tax year 2013-2014 60,500 people in Southend-on-Sea will be affected and given an Income Tax cut. That is a staggering leap.

The amount of people who earn between £8,105 and £9,205 is clearly a large amount. These are people who work nearly full-time at the minimum wage. This change will put money back in the pockets of these people and that is something the Liberal Democrats have been committed to for a long time. This should be regarded as a very good thing for everyone and for 60,500 people in Southend their Income Tax Bill from 2014 will be roughly halved according to the Chancellor and that will put around £220 back into the pockets of these people and by 2014 it is hoped the threshold will rise to £10,000, which will effect even more people and put more people in a good situation with regards to Income Tax.

This is good news for people all over the country. Everyone earning 100,000 a year or less will get more money in their pocket as a result of this but it’ll be those on low incomes that will benefit most and that is a very good thing.

More money in the back pocket is never a bad thing and this move means that everyone will get that.

For the record as a whole – Essex will see 502,500 people given a cut in their Income Tax. Not too shabby if you ask me…

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Lib Dem Southend West PPC in 2010 reacts to the Budget

Peter Welch who stood as the Lib Dem Candidate for Southend West in 2010 has reacted to this afternoons budget. I’ll be putting my thoughts together later on or tomorrow but this is what Peter thinks…

“As the Prime Minister said at Prime Minister’s Questions today this is a Kaleidoscope budget. Parts of it were in Lib Dem gold and I particularly welcome those parts of the Budget.

“The most significant of these is the increase in tax threshold. It was a front-page commitment on the Liberal Democrat manifesto to raise the level at which people start paying tax to £10,000 a year. This budget moves the level at which people start paying tax to £9205 per annum. That is a massive step towards a Liberal Democrat priority – and means that thousands of people in Southend and South East Essex will be taken out income tax altogether. I’m delighted with this news – it will put money into the pockets of people who need, and will spend it in local businesses.

“Liberal Democrats also fought the election on a policy of moving to a simplified, single-tier, citizens’ pension, paying every pensioner at least £140 week by the end of this parliament (ie by 2015).The Budget opens the door for Liberal Democrat Pensions Minister to go ahead and do this. This will particularly benefit women older, and it is great news.

“But not everything in today’s announcements brings pleasure. The Government will still need to borrow £500 billion over the next five years. That is a figure that few of us can imagine – it is a simply collosal amount of borrowing.

But I am most concerned to hear that the Chancellor wants to increase airport capacity. If this is code for moving ahead with plans for a airport in the Estuary, then I will oppose it every step of the way.”

I hope you enjoyed this blog post. Please leave any comments or contact me directly via the E-Mail Me link on the Right Hand Nav. You can stay in touch with the blog following me on Twitter or by liking the blog on Facebook. Please share this content via the Social Media links below if you think anyone else would enjoy reading.