Local Conservatives in Salford have welcomed a new tax cut for hardworking people.
From April 2015 the personal allowance will rise to £10,500, cutting taxes for 25 million people and taking another 290,000 people out of paying income tax altogether.
Rises in the personal allowance since 2010 mean that by April next year a typical basic rate taxpayer will be paying £805 less in tax than they would have been, with 3.2 million people taken out of income tax altogether.
Cllr Iain Lindley, Salford Conservatives Deputy Chairman, commented:
‘This tax cut is excellent news for hardworking people across Salford, especially those on low and middle incomes. It will mean lower taxes for around 90,000 people here in Salford.'
‘That means 90,000 people keeping more of the money they’ve worked hard to earn, giving them and their families more financial security for the future.'