Posts Tagged “income tax”

The graph which shows why the Lib Dem policy of raising the personal allowance is the wrong priority

by Stephen Tall on December 2, 2014

Here’s a graph which should make Lib Dems who continue to advocate increasing the personal allowance as an effective way to help low- and middle-income earners sit up and pay attention. It’s from the Resolution Foundation’s report, Missing the target: tax cuts and low to middle income Britain, published yesterday. What it shows is which […]

Lib Dems pledge more tax cuts: after personal allowance raised to £12.5k will also increase National Insurance threshold

by Stephen Tall on August 14, 2014

Today’s big announcement from the Lib Dems has been the “plan to cut your tax bill further”. Here’s how The Guardian reports it: The Liberal Democrats are to burnish their credentials as the tax-cutting party for the low paid by floating the possibility of cutting national insurance contributions for anyone earning below £12,500 a year. […]

What Lib Dem members think about top-rate tax: 53% back 50p (or higher) BUT only if it raises more revenue

by Stephen Tall on May 2, 2014

Lib Dem Voice has polled our members-only forum  to discover what Lib Dem members think of various political issues, the Coalition, and the performance of key party figures. More than 830 party members responded – thank you – and we’re publishing the full results. 53% support 50p (or higher) top-rate of tax; 31% say stick […]

Memo to both Left and Right: Income Tax isn’t the only tax that matters

by Stephen Tall on February 13, 2014

There was some leftie love showered on this ConservativeHome article by Peter Franklin this week: Right-wingers should stop boasting about how much income tax the rich pay. His point was absolutely right, as he laid into the supposedly slam-dunk argument glibly tossed around by unthinking capitalist Tories like Boris: The richest one per cent of Britons […]

“We cannot afford it” – Cameron on raising income tax threshold to £10k. In 2010.

by Stephen Tall on May 1, 2013

With a hat-tip to Ed Stradling, here’s a reminder of what David Cameron told Nick Clegg about raising the income tax threshold in the first leaders’ debate: Cameron 2010: “I would love to take everyone out of their first £10,000 of income tax, Nick…We cannot afford it” youtube.com/watch?v=rk5HvJ… — Lib Dem Press Office (@LibDemPress) May […]

IFS verdict: Labour’s 10p tax idea “has no plausible economic justification”

by Stephen Tall on February 15, 2013

Ed Miliband’s announcement yesterday that Labour will re-introduce a 10p starting rate of income tax paid for through the introduction of Vince Cable’s mansion tax has received a tepid response from the Institute for Fiscal Studies. The IFS put out a note yesterday headed simply, Better options exist to help low earners than 10p tax […]