1 April – I kid you not – the tax allowance goes up yet again. This is another Lib Dem election pledge being delivered.

It means since 2010 over 9,760 Southwark income tax payers no longer pay any income tax.

It means 115,400 Southwark residents now pay less income tax.

In total this coming year this means £69,240,000 yes £69M extra money staying with Southwark residents. Typically £600 less income tax per resident.