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Gap between rich and poor smallest for 27 years - helped by Lib Dems cutting income tax by £700

March 10, 2015 5:59 PM
Originally published by Chelmsford Liberal Democrats

Income inequality changesIndependent figures released this week show that the gap between the richest and poorest in Britain is smaller than under Labour, in fact at any time since 1986. In large part this is thanks to the Lib Dems cutting income tax by £700 for low and middle earners and asking the super rich to pay more.

Commented Stephen Robinson (Chelmsford's Lib Dem candidate in 2010):-

The economy has seen unbelievably tough times over the last three years or so. Despite that, in Government Liberal Democrats have been working to build a stronger economy in a fairer society.

"This week's figures from the Office for National Statisticts show that the Lib Dem manifesto pledge to take the poorest out of tax and give millions of low and middle earners a £700 tax cut is making Britain a fairer place.

"The ONS figures [see link] confirm that the tax and benefits system we have created leads to income being shared between households more equally than at any time since 1986.

"While Labour still cannot be trusted on the economy and the Conservatives want to protect the rich, Liberal Democrats will work towards a fairer society, enabling everyone to get on in life."

Gap between rich and poor narrows