Liberal Democrat parliamentary candidate for West Dorset, Dr Sue Farrant, today welcomed the party’s new plans to bring in a fairer tax system.
Under the Liberal Democrats no-one will pay a penny’s tax on the first £10,000 they earn each year.
Pensioners will each receive a £100 tax cut, giving over twenty-eight thousand pensioners in West Dorset an extra £100 in their pockets.
The proposals give every working person a £700 tax cut – £1,400 less tax a year for every working couple.
Over forty thousand West Dorset residents would either pay £700 less tax a year or pay no tax at all if they are earning less than £10 000 a year.
4 million of the poorest people nationally will be taken out of paying income tax completely.
Sue Farrant said: “While the Tories are only interested in helping out bankers and their super-rich friends, our fairer tax system will give tax cuts to all West Dorset’s workers.
“I know how useful working families will find the £1,400 tax cut they will receive from the Liberal Democrats each year.
“And I know it is absolutely right that tax loopholes are closed to pay for those cuts. It is only fair.”
Along with closing a series of tax loopholes the Liberal Democrats will introduce a mansion tax – a 1% levy on the value of homes worth more than £2m.
Sue added: “No one in a home worth less than £2m will pay a penny of extra tax on their property.
“This is a tax that will only hit the very richest in the country – less than a handful in West Dorset.”
