The Autumn Statement today contained great news for the Fairer Tax campaign, a £600 income tax cut for every ordinary worker in the country.
Starting next April, 21 million people will pay up to £600 less in income tax. This change will be most beneficial to those on the lowest incomes, so it really is a fairer tax.Thanks to this change, people earning the minimum wage will have seen their income tax bill halved since 2010.
The Lib Dems are campaigning for a tax cut of £700 for every ordinary worker, a goal which is ever so slightly closer today.
We want to go further. Sign our petition for a £700 tax cut for every ordinary worker now.

Most people need extra money NOW.
So how about an extra £600+ p/month NOW?
http://www.I-Can-Make-You-Rich.co.uk
Well, so far I’ve lost more than gained. I have lost £545.34 annual child tax credit, so in April the £593 gain from personal allowance changes will make up for this but not go very far further. In actual fact therefore, the tax changes the coalition have introduced will make me only £47.66 better off each year.
So what could I use this £47.66 for? A few more drops of petrol in the car perhaps. Or household bills. Or I could save it in case I could ever help my children out with paying back their massive student loans (not helped by broken libdem pledges) in the future. Unfortunately it wouldn’t make much of a dent in those.
When the coalition came to power in 2010, the personal allowance was £6,475 for the 2010-2011 tax year. this increased to £7,475 for the 2011-2012 tax year and £8,105 for the 2012-2013 tax year. For a tax payer with an income into the 20% tax range, the tax saving was £200 for that first change and £126 for the second change. But these have already happened. The increase of the personal allowance to £9440 for the 2013-2014 tax year will give a tax saving of £267 compared with this tax year. The total since the coalition came to power then adds to £593, close to the £600 claimed. But we are not getting £600 in April, we have already had much of this.
Wouldn’t it be a bit more up front to have said in the ad not what WOULD you do with an extra £600? But, what would you do with an extra £267 on top of the tax savings already given by the coalition? Wouldn’t it be a bit less confusing to say, due to changes in the personal allowance since the coalition came to power, 20% tax payers have saved £326 already and this April will save a further £267?
Of course those with incomes falling below the personal allowance figures don’t save this and those in the higher tax brackets save more.
i did get that right didnt i ?
