Tax cut for millions not for millionaires: 'No tax for the £10,000 of income
South Lakes MP, Tim Farron, has call on the Chancellor of the Exchequer, George Osborne, to raise the lower threshold for income tax to £10,000 in next month's budget in the latest of the Liberal Democrats efforts to rebalance the tax system to benefit the millions of people of low and middle incomes, instead of the few wealthy millionaires.