E-newsletter about the Budget 2012

March 27, 2012 4:21 PM

Now that the dust has settled from last week's Budget, I thought I'd drop you an email setting out what the budget, and other recent changes, mean for people inCardiff.

This budget shows the influence that Liberal Democrats have had in Government. There is an awful lot to be proud of, in particular the fact that even in difficult economic times, we have delivered the biggest increase in the income tax personal allowance in 30 years, putting money into the pockets of over 20 million working families across theUK.

The personal allowance increase has come straight from the Lib Dem Manifesto into the Chancellor's Red Book. After decades of Lib Dems working hard locally but without a strong national voice, our policies are now being implemented and are helping people across the country.

So what does this mean for people inCardiff?

This is a huge boost to hard working low and middle income families, but it is not the only thing the Coalition Government is delivering thanks to the Lib Dems:

This Budget is also good for the businesses thatCardiffrelies on:

In difficult economic times it's vital we make sure we can pay for all these changes.

That's why the Government is asking the rich to pay more by:

All of this will raise an estimated five times more than the 50p top rate of income tax, which was all too easy to avoid.

However, this isn't all: the Government has committed to working with the Welsh Government to examine the case for electrification of the Valleys train line, and is to launch a £100 million fund to develop new research at universities, which I'm sure will benefit institutions in Cardiff.

I won't pretend that the Budget is perfect. In coalition compromises will always be made. Different parties have different priorities: for the Conservatives it was cutting the 50p tax rate for millionaires, for the Lib Dems it was cutting tax rates for those on low and middle incomes and making sure that the rich pay their fair share.

I believe that we can be proud of what Liberal Democrats have delivered for people in Cardiff and across theUK.

What would you like to do next?