Thousands of Waltham Forest residents to get income tax cut

These are difficult times for people across Britain and particularly in Waltham Forest, which is not an affluent borough, but last week’s budget has shown that this can also be an opportunity to reshape Britain into a fairer, more equal and greener country.  

Labour’s financial legacy has left Britain needing to borrow an extra £400million, every single day, just to get by.  

Labour also left us paying £120million in interest on our debt each and every day – for that we could build a new primary school every hour.  

In all this debt there is Good News for Waltham Forest as 88,o00 residents will be getting a £200 income tax cut and 3,700  will be lifted out of paying income tax altogether.  

If you are a pensioner then you will receive an extra £4.50 a week – and those retiring now will be on average £15,000 better off over their retirement.  

The Liberal Democrats in Government are making sure that eventually personal allowances will rise to £10,000. This will mean more Waltham Forest residents receiving a tax cut and even more low paid workers paying no tax at all.

 

  
 

 

Leave a Reply

Your email address will not be published. Required fields are marked *