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Wednesday, July 10, 2013

Official statistics show Liberal Democrats are tackling income inequality

A new report from the Office for National Statistics shows that Liberal Democrats tax policies are starting to have the desired impact on income inequality.

In Government, Liberal Democrats have been working hard to build a stronger economy in a fairer society even while we have had to make difficult decisions to bring the deficit down.

Today’s figures show that our manifesto pledge to take the poorest out of tax and give millions of low-earners a £700 tax cut is making Britain a fairer place.

We know that over a million workers in Wales have seen the benefits of an income tax cut and over 100,000 workers on low incomes now pay no income tax at all. In my region covering Swansea, Neath Port Talbot and Bridgend, over 210,850 have benefited from the Liberal Democrats’ fair tax plans. The figure for Wales is 1.228 million.

The Office for National Statistics figures confirm that the tax and benefits system we have created leads to income being shared more equally between households than ever since 1986.
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