Liberal Democrats delivered a £800 tax cut while in government, making sure that no one pays a penny of income tax on the first £10,600 they earn. For those working part-time on minimum wage it means we took them out of paying any income tax all together, putting money back in their pockets.
But we want to go further. We want a system the rewards work, so the Liberal Democrats are calling for a system whereby no one pays income tax on the first £12,500 they earn. That is a further £400 tax cut for those on low and middle income on top of an £800 tax cut already delivered, and we do not want to stop there. Our aim is to rebalance the tax system away from taxing work and towards unearned wealth, so the next generation can keep more of the money they earn and live in a more equal world.
While delivering tax cuts for low earners we want to clamp down on tax evasion, close down tax havens and introduce a mansion tax on properties valued at over £2 million.
In the North East our Liberal Democrat Parliamentarians and Councillors are fighting everyday for a fairer tax system that works for working people help them today by adding your voice to the campaign. Join the hundreds and thousands of local people who have already signed our petition.