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Raising income tax threshold is key to lowest income inequality since 1986


Commenting on the Office for National Statistics' annual report on the effect of taxes and benefits on household income, the Welsh Liberal Democrat Assembly Member for South Wales West, Peter Black said:

"In Government, Liberal Democrats have been working hard to build a stronger economy in a fairer society even while we have had to make difficult decisions to bring the deficit down.

"Today's figures show that our manifesto pledge to take the poorest out of tax and give millions of low-earners a £700 tax cut is making Britain a fairer place.

"We know that over a million workers in Wales have seen the benefits of an income tax cut and over 100,000 workers on low incomes now pay no income tax at all. In Swansea, Neath Port Talbot and Bridgend, over 210,850 have benefitted from the Liberal Democrats' fair tax plans.

"The ONS figures confirm that the tax and benefits system we have created leads to income being shared more equally between households than ever since 1986.

"We will be doing more in the coming years to build on this towards the fairer society Welsh Liberal Democrats want to see to enable everyone to get on in life."

ENDS

Office of National Statistics report on Effects of Taxes and Benefits on Households can be found here.http://www.ons.gov.uk/ons/dcp171778_317365.pdf


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