Nick Clegg announces new Lib Dem tax policies with emphasis on fairness

As I write, Nick Clegg and Vince Cable are setting out the framework of ‘the party’s tax policies, the philosophical basis that underpins them and the contrast between the Liberal Democrats’ policies and those of the other two parties.’

This has been well trailed in the media this morning, with Nick conducting a series of media interviews. Much focus so far on the tweak to the ‘mansion tax’ proposals that Vince mooted at conference to public acclaim, but some disquiet among his own Parliamentary colleagues (many of whom knew nothing about it in advance).

The party has responded to criticisms made of the tax, especially in marginal seats in the south of England, by lifting the threshold at which the annual levy is paid to cover all houses worth more than £2m, and doubling the levy from 0.5% to 1% to ensure even more money is raised by the new tax.

The revenue raised from this and other measures (such as green taxes) will be ploughed back into the party’s spending priorities, including raising the tax threshold for the poorest in society.

Here’s some of the media coverage so far:

BBC Online:

The Liberal Democrats have doubled the threshold at which they say homeowners should pay an annual “mansion tax”. Properties will now have to be worth at least £2m to incur a 1% charge – the previous plan was to charge 0.5% a year on a property’s value above £1m.

Party leader Nick Clegg said the “principle” remained the same but “we just looked at the figures”. The party is also pledging to scrap income tax for four million people earning less than £10,000 a year. …

Mr Clegg told BBC One’s Breakfast: “The principle is very clear. People who live in very large houses, mansions, should pay some more money, so we can give some back to the majority of British taxpayers. It does what it says on the tin. It’s a mansion tax. It goes towards what many people want from the tax system. Nothing has changed in terms of the principle… We are the only party in British politics who have a plan to make taxes fair. This is a simple, fair, do-able plan.”

There’s also coverage of Nick’s media interviews at PoliticsHome.

And here’s the full text of the party news release:

Fair taxes at the heart of Liberal Democrat message

Mon, 30 Nov 2009

Liberal Democrat Leader Nick Clegg today pledged to put fair taxes at the heart of the party’s message to the British people.

The party’s new tax plans will see tax cuts for millions of people, paid for by closing tax loopholes, making polluters pay and introducing a ‘mansion tax’ on homes worth over £2m.

Nick Clegg said:

“If you want to know how committed a government is to fairness then look at its tax system.

“Gordon Brown has created a tax regime that forces some of the lowest earners in society to pay hundreds of pounds in tax they can’t afford, while polluters and rich tax dodgers avoid paying their fair share.

“Meanwhile the Conservatives want tax cuts for millionaires, but say there might be tax rises for everyone else.

“Under our plans people won’t pay a penny on the first ten thousand pounds they earn. That would put £700 back in the pockets of the vast majority of tax payers, and take millions of people on low pay out of paying income tax altogether.

“Our plans represent the most radical, far reaching tax reform in a generation.

“They embody everything the Liberal Democrats stand for: fairness, protecting the environment, rewarding hard work.

“It is right to ask those with the broadest shoulders to bear a little more of the burden so that millions of people on normal earnings get the break they desperately need.”

Read more by or more about , , or .
This entry was posted in News.
Bookmark the web address for this page or use the short url http://ldv.org.uk/16997 for Twitter and emails.

3 Comments

  • This seems to be getting pretty good coverage on the news today which is good as i think this is a real vote winner, especially the £10k tax threshold which will affect a lot of voters :-)

  • Isn’t it just typical of our party, that despite having a really fantastic and very sellable story on tax – taking 4 million out of tax by raising the threshold, paid for by making pensions relief fair and bringing CGT back in line with IT – we completely lose the plot and the headlines because Vince has to have his mansion tax in there too.

    The mansion tax is a potty and ineffective idea that was thrown out by the working group and rejected very publicly by FPC in September. By persevering with it the leadership has ensured that this is the headline that people will read and all the good news about our zeal for tax reform is lost in the ether.

    When will they realise its not about posturing, its about getting the message across clearly and effectively?

2 Trackbacks

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?




Recent Comments

  • User AvatarAlex Macfie 23rd Oct - 11:07am
    Dav: Your point being?
  • User AvatarJohn Critchley 23rd Oct - 11:00am
    “The important thing is to reduce interest payments in real terms – and there are two ways of doing that. If we can invest money...
  • User AvatarRoland 23rd Oct - 10:58am
    " in the hope somebody would pick up the central point of my article – namely that immigrants even from the EU are good for...
  • User Avatarrichard boyd 23rd Oct - 10:42am
    I serve as a Governor on a 160 pupil Infant School, where take up of midday meals was 30+. Over the years the dining facilities...
  • User AvatarPeter Watson 23rd Oct - 10:39am
    "Clegg says there is no secret what the Lib Dem priorities are. If he had announced this, the media would have taken no notice." Does...
  • User AvatarRita Giannini 23rd Oct - 10:35am
    I agree with all the comments, just wanted to express my solidarity to Donnachadh through these pages.