Thousands of people in Aylesbury will be taken out of income tax altogether by new tax proposals launched by the Liberal Democrats. And thousands more will see their income tax bill slashed by £700 a year.
The plans were launched by Party Leader Nick Clegg on 20th April who said that they would boost family budgets battered by rising food, power and transport prices. The plans call for the personal tax allowance to be raised to £10,000. County and District Councillor Raj Kahn said, “Thousands of families on low income in Aylesbury will benefit from this tax cut. They will be lifted out of income tax altogether. People earning over £10,000 will pay £700 less income tax a year, paid for by ending the loopholes and tax avoidance schemes used by the wealthy and big corporations.
Commenting on the Liberal Democrat proposals, District Councillor Paul Hughes who represents Coldharbour Ward said “ordinary people like residents in Prebendal Farm, Hartwell and Fairford Leys are struggling because of the recession. Now is the time to make a far reaching and permanent change to the tax system that benefits those on low and middle incomes.
Chairman of the Aylesbury Liberal Democrats, Julian Newman said “the Liberal Democrats want to see more money left in the pockets of ordinary people rather than taken away by the Government. Here in Aylesbury the Liberal Democrats will be going into the general election committed to a lasting income tax cut.”

Notes for editors
Background information

• On 20th April Nick Clegg and Vince Cable launched new proposals on income tax. Low and middle income earners will be the gainers with the personal allowance being raised to £10,000. This will cut the vast majority of people’s income tax by £700 a year as well as lifting over 4 million people out of income tax altogether.
• The cost will be met by closing tax loopholes and clamping down on tax avoidance by the wealthy and large corporations. The proposal replaces the previous proposal to reduce the rate of income tax by 4p.