British PM pledges to cut income tax over next five years

British Prime Minister David Cameron Monday pledged to cut income tax to the tune of seven billion pounds (or 10.5 billion U.S. dollars) over the next five years if the Conservative Party won the general election in May.

Delivering a speech in Southampton in southern England, Cameron said: "After years of sacrifice, the British people deserve a reward. The people whose hard work and personal sacrifices have got us through these difficult times should come first. So it's right that where we can ensure people keep more of their own hard-earned money, we should."

The prime minister claimed that no one would pay tax on the first 12,500 pounds of their income by 2020, but the plan will not be fulfilled at a cost of abandoning the fiscal deficit cut plan.

The Conservatives and the Liberal Democrats are now ruling the Parliament in coalition.

According to a YouGov poll of voting intentions that released on Sunday, the Labor Party and the Conservatives were both leading neck and neck with 32 percent, while the Liberal Democrats were supported by seven percent by the respondents.

Cameral added: "If people have worked hard and earned their own money, they should be able to spend it on a holiday, or a nice meal out, or some new clothes for their children. It's your money, not the government's, and so you should keep it."

It was Cameron's third in a series outlining the Conservatives' main election pledges. He vowed to lead Britain toward "full employment" last week, after pledging to balance the economy and spread London's economic strength a week earlier. (1 pound = 1.50 U.S. dollars) Endit