Raising income tax threshold key to lowest income inequality since 1986

Commenting on the Office for National Statistics’ annual report on the effect of taxes and benefits on household income, Liberal Democrat Parliamentary Treasury Committee, Stephen Williams said:

“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.

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

“We will be doing more in the coming years to build on this towards the fairer society Liberal Democrats want to see to enable everyone to get on in life.”


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