Yes, definately. It's not so long ago it rarely moved from around 4570. Salaries weren't that much lower, at least looking at my area (lower level salaries have increased a few grand, some closer to 5/6k from what I can see) but the tax cut increase under the Tories was a massive benefit to those lower down who paid a lot in tax. You can take a far greater chunk tax free if you are on minimum wage (25+) and it will help with your mortgage applications.

I'm not so sure about the higher band reduction other than it might make the middle classes more likely to vote Tory. It certainly won't do anything for the top tier people (don't they pay more like 90%?) who can easily squirrel it away from the taxman anyway.

The thing for me is even the tax bands are out of date. Someone into the 40% in my region will be loaded! Someone in London won't be because of the housing issue.