LibDem Treasury Chief Secretary, Danny Alexander: "Have You Checked Your Pay Slip"?

Millions of people across Britain should now be noticing changes to their pay slip. Since the Liberal Democrats came into government, the Income Tax Personal Allowance has risen to £9,440 - compared to just £6,475 under Labour. This was at the heart of our 2010 Manifesto.

Raising the tax-free allowance is the Liberal Democrats' flagship policy and has so far seen Income Tax bills slashed by £600 a year for millions of low and middle income workers compared to what they were paying under Labour. This also means that more than 2m people on low pay have been lifted out of paying Income Tax altogether.

The tax-free allowance will rise again next year to £10,000, fulfilling a commitment from the front page of the Liberal Democrats' 2010 General Election manifesto and resulting in a total tax cut of £700.

Commenting, Liberal Democrat Chief Secretary to the Treasury, Danny Alexander said:

"When you get paid, take a moment to check your pay slip. You'll see that Liberal Democrats have cut your taxes.

"From April, the Liberal Democrats will have lifted 2m people out of Income Tax and given a tax cut of £600 to another 20m.

"The Liberal Democrats in Government have delivered the largest programme of tax cuts for working people for a generation.

"The Liberal Democrats are the only party that will radically cut taxes for people on low and middle incomes to build a stronger economy and a fairer society so that everyone can get on in life."