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Thursday, January 3, 2013

Workers will benefit from tax changes says AM

New figures show that 224,124 workers in North Wales will benefit from the Conservative-led UK Government’s changes to income tax in April 2013 and 11,720 people in the region will be taken out of tax altogether.
 
That is the claim of North Wales Assembly Member and Shadow Minister for North Wales, Communities and Housing, Mark Isherwood, who said: “These figures demonstrate how Conservatives in Government are taking tough decisions to ensure work pays.
 
"They are ensuring a fairer tax system by providing support to individuals on low and middle incomes, and by increasing the rewards to work.
“Out of the 1.42 million tax payers in Wales, almost 1.1million workers in Wales will benefit from the Conservative-led UK Government’s changes to income tax in April 2013, with 57,007 people in Wales taken out of tax altogether.
“We now look to the Welsh Government to bring forward substantive plans to invest its £227million windfall from the Conservative-led UK Government in major infrastructure projects, which will help create conditions for economic growth in Wales.
“Under Labour the UK borrowed itself into trouble, now we have to earn our way out.”

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