Welcome news for Glasgow today as due to changes in the national tax system, implemented by Liberal Democrats in the Coalition Government, 6,300 of Glasgow’s poorest residents are to be lifted out of the personal income tax band altogether.
A further 246,500 residents will also find their tax situation better off, when the changes are implemented in April this year – paying up to £200 less per year in income tax.
Liberal Democrats in the UK Government are increasing the personal tax allowance to £10,000, meaning no-one will pay any tax on the first £10,000 they earn.
Commenting, Liberal Democrat Katy Gordon, candidate for the Glasgow Region, said:
“Thanks to the Liberal Democrats, over 6,300 people in Glasgow will not pay any income tax and more than 246,500 people will pay much less than they did before.
“Liberal Democrats promised at last year’s General Election to increase the personal allowance. I am proud that my colleagues in Westminster are delivering that promise.
“Liberal Democrats have put money back in your pocket for you and your family.
“Labour put an incredible income tax burden on the poorest in society. It is not fair that people on the lowest incomes paid so much of their income in tax.
“In just 11 months, 252,800 people in Glasgow have benefited from Liberal Democrats in Government. This figure will only increase as the tax system gets fairer under Liberal Democrats.”