Help needed for pensioners

2.26.41pm GMT Mon 9th Feb 2009

Theo Butt Philip, Lib Dem Parliamentary Candidate for Bridgwater and West Somerset, has called for an urgent income tax cut to help pensioners.

Commenting on the impact of the Bank of England's latest interest rate cut on savers, Theo Butt Philip said:

"Whilst the Bank of England was right to cut interest rates for the sake of the economy as a whole, the Government must take action to help those who will lose out.

"Pensioners who supplement their state pensions with personal savings will be badly hit by the latest interest rate cut.

"The Chancellor should raise the income tax personal allowance so that those on low incomes pay no income tax at all. This, combined with abolishing the unfair council tax, would provide much needed relief for those who are suffering."