October 8th 2014 12:05 pm

Written by Beth Cordingly

home :: tax news :: personal tax

Lib Dem Conference Closes With Tax Slash

Nick Clegg took the opportunity to put forward his party's tax plans

The Liberal Democrat's autumn conference in Glasgow came to a close today. It was rounded off by current Deputy PM and party leader Nick Clegg's keynote speech.

As part of the Liberal Democrat's re-election pledge, Clegg promised to directly affect 30 million people working in the UK with a broad tax cut.

Specific details on what is planned are thin, but from the speech the key points are:

The cuts would be funded by increasing the tax burden of higher earners and wealthy corporations. Moves to raise the upper tier of capital gains tax from it's current 28% would be implemented.

In addition, clampdowns on tax avoidance by corporations would fund the gap created by the possible £500 saving provided to individual taxpayers.

See more articles from October 2014

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