A £1,400 tax cut for every working couple in Hounslow Borough - Dakers

12.00.00am GMT Mon 30th Nov 2009

Cllr Dakers and Lib Dem shadow chancellor Vince Cable MP

Liberal Democrat prospective MP for Brentford & Isleworth Constituency, Cllr Andrew Dakers, 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. The proposals give every working person a £700 tax cut - £1,400 less tax a year for every working couple. Pensioners will each receive a £100 tax cut. And 4 million of the poorest people will be taken out of paying income tax completely.

Cllr Dakers, prospective MP for Brentford & Isleworth Constituency, said:

"While the Tories are only interested in helping out their super-rich friends, our fairer tax system will give tax cuts to all Brentford & Isleworth Constituency'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.

Cllr Dakers 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 - a very small number of people in Brentford & Isleworth constituency - and the wider Hounslow Borough."

The Liberal Democrats will replace council tax with a local income tax, based on people's ability to pay. Money raised locally will be spent locally, improving the community we live in.

Cllr Dakers added:

"Not only is council tax unfair, penalising pensioners who no longer work, but the money is spent by faceless bureaucrats in Whitehall.

"Under Lib Dem plans what's raised in Brentford & Isleworth Constituency will be spent in the area - directly improving our community. What could be fairer than that?"