WARRINGTON South MP David Mowat has welcomed a new tax cut for “hardworking people” in Warrington.
The personal allowance which rose to £10,000 in April, takes around 900 people in Warrington out of income tax. Taxes have been cut for more than 26 million people across the country, with over three million now taken out of paying income tax altogether.
Because of tax cuts, since 2010 the typical taxpayer is now paying £705 less in income tax than they were.
Taxes will be cut even further next year when the personal allowance is set to rise again to £10,500, as announced in the 2014 Budget.
Mr Mowat said: “This tax cut is excellent news for hardworking people in Warrington.
“This is the third time this Government has cut income tax, benefiting 889 people here in Warrington, with 8,836 people now taken out of income tax altogether.
“Cutting taxes is a key part of the Conservatives’ long-term economic plan to build a better future for Britain. These cuts mean 80,583 people are keeping more of the money they’ve worked hard to earn, giving them and their families more financial security for the future.’
MP welcomes income tax cut
00 Comments
Share.