(10 years, 3 months ago)
Commons Chamber10. What steps he has taken to reduce the cost of living for people on low incomes.
The coalition Government have taken decisive action to support families on low incomes. Increasing the personal allowance, for example, will take 3.2 million individuals out of income tax altogether by 2015-16. We have helped to freeze the council tax, frozen fuel duty and reduced energy bills, providing universal free school meals for infant schools and introducing tax-free child care support of up to £2,000, all on top of the most important thing, which is an economic plan that is delivering strong and sustained growth for this country.
This month more than 3 million low-paid people have been taken out of paying income tax altogether since 2010, as a result of delivering the Liberal Democrat manifesto commitment of a £10,000 tax threshold. Can my right hon. Friend say how the impact of this policy on low-income workers compares with the previous Government’s policy of abolishing the 10p tax rate?