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Tax cut from tomorrow (Friday) for millions in the south east

Millions of people across the South East are set to see a cut in the amount of income tax they pay from tomorrow (Friday, April 6).

key_cbcupcake.pngThe coalition Government last month unveiled plans to lift 140,100 people in the region out of paying income tax, while another 3.6 million will see their bills cut.

Catherine Bearder, a Liberal Democrat MEP for the South East, hoped the reduction would start helping hard-pressed families.

She said: "The tax system had gotten increasingly unfair under successive Governments during the last few decades, sucking more and more people into paying income tax.

"That is why the Liberal Democrats did the right thing and made rebalancing the tax system a priority, putting it on the front page of our manifesto.

"On Friday, the income tax threshold is raised for the second year in a row."

Next year the income tax threshold will rise again, increasing the tax cut to £45 a month and this will continue until reaching a personal allowance of £10,000.

It means someone working full-time on the minimum wage will have had their income tax bill halved.

Catherine added: "Liberal Democrats are making sure the rich pay their fair share, by closing loopholes, introducing a tycoon tax and cracking down on tax avoidance.

"As we clean up the economic mess Labour left behind, it is right than the broadest shoulders bear the heaviest burdens.

"That is also why every Liberal Democrat-run council in England has frozen Council Tax, unlike Labour and the Tories."

   

Tax changes

Local Authority

Lifted out of tax altogether from April 2012

£130 tax cut from April 2012

SOUTH EAST

140,100

3,560,000

Bracknell Forest

1,700

54,500

Brighton and Hove

4,200

101,800

Buckinghamshire

8,000

210,700

East Sussex

9,000

176,900

Hampshire

23,400

592,700

Isle of Wight

3,000

51,500

Kent

 

24,000

560,400

Medway

 

4,600

113,700

Milton Keynes

2,700

117,600

Oxfordshire

8,300

284,100

Portsmouth

3,700

66,800

Reading

 

3,700

73,400

Slough

 

1,900

55,700

Southampton

3,900

85,300

Surrey

 

15,800

478,900

West Berkshire

2,800

72,700

West Sussex

15,800

329,200

Windsor and Maidenhead

1,400

61,900

Wokingham

2,200

72,200

 

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