Tag Archives: raising tax threshold

Opinion: Fairer Taxes? How higher rate taxpayers will benefit more in 2014

Earlier this week I saw this tweet from Paul Lewis of BBC Radio 4’s Moneybox programme:

This struck me as odd, so I asked Paul how he calculated the £195 figure (I do not know enough about benefits and Universal Credit to make a judgement on the £39 figure). He quickly answered:

Posted in Op-eds | Also tagged and | 13 Comments

AD LIB: Digital edition on its way

Paddy Ashdown cover of Ad Lib magazineWhen AD LIB launched last December one message we got back loud and clear, not least from Lib Dem Voice readers, was that you want a digital version.

Well, we’ve only gone and done it. And, what’s more, it will be available next week.

We’ve been working hard with the good people of PageSuite to get the digital edition ready to launch alongside the publication of April’s magazine, which will land through letterboxes next Tuesday (after the Bank Holiday).

And we’re making it a truly interactive experience …

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Why it’s worth being a member of the Liberal Democrats

Today, the Liberal Democrats fulfilled their key election pledge of raising the income tax threshold to £10,000.

And they’ve produced a nifty little picture to tell us about it. And we should rightly be proud.

Tax Threshold infographic

 

 

This doesn’t tell the whole story, though. How did this get in to our manifesto in the first place? Did it fall out of the Orange Book and hit David Laws on the head? I have to say there’s no clue in either of the emails I’ve seen from Danny Alexander today.

Actually no. It came from …

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Andrew Stunell MP writes… Launching the Liberal Democrats’ local election campaign

Local Election Day is now exactly a month away for most of Metropolitan England as well as across the whole of Scotland and Wales. Nick Clegg was in my own area of Stockport earlier today to officially launch the Liberal Democrat local election campaign, visiting a local business and speaking with councillors, business owners and local people.

I’ve no doubt that many of you have been out on the doorstep over the last few months, talking to people and showing them what we are achieving both nationally and locally.

You will already have your big messages in place. Number one has got …

Posted in Local government | Also tagged , , , , and | 8 Comments

Danny Alexander MP writes… Liberal Democrat budget victory for “further faster” tax campaign

Over 20 million working people will be better off next year after Liberal Democrats in the Coalition Government delivered the biggest ever increase in the income tax personal allowance in the Budget.

The increase of £1,100 is worth £220 to 21 million working people – taking the total income tax cut for working people delivered over 3 years by the coalition to nearly £550 a year. Two million people will pay no income tax at all. By going ‘further and faster’ as Nick Clegg promised, we’re getting real help to millions of hard-pressed people at a time when they need …

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Opinion: Let’s raise tax threshold to £10,000 for all taxpayers

To keep the cost down, the increase of £1,000 in the personal allowance this year excluded higher rate taxpayers and over 65’s. Also, the higher rate threshold was reduced to bring more people and income into the 40% tax band.

The 2011 budget announced an increase in the personal allowance for under 65’s by £630 in April 2012, with the higher rate threshold unchanged. The freezing of the higher rate threshold brings more people and a greater proportion of existing earnings into the higher rate band – so-called fiscal drag.

This process seems consistent with the aim of increasing the personal allowance …

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Opinion: tax and benefit reform to help tackle youth unemployment

In a two-part investigation, Joe Bourke looks at youth unemployment. Sunday’s part two will have details of policies designed to provide guaranteed employment for 16-24 year-olds. In part one, we discuss changes to the tax system that would make such policies affordable.

If the 2012 budget sees the personal allowance increased to £10,000 we will have achieved a key plank of the 2010 manifesto and provided some welcome relief to the squeeze on incomes that has come not least from the increase in VAT to 20%.

Whether the increase in the personal allowance is achieved in this budget or subsequently, we will soon need to …

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Wealth taxation is now firmly on the government’s radar

As part of the long-standing Liberal Democrat commitment to fair taxation, expressed so clearly by David Laws, the party has often called for a greater emphasis on wealth taxes.

As a direct result of these calls, it is now clear that the government is considering some form of wealth taxation to help deliver another long-standing Lib Dem tax policy – giving millions of low- and middle-earners a welcome boost by raising the income tax threshold to £10,000.

The precise nature of increased taxation on wealth is a topic of much discussion. Radio 4’s Today programme carried an interesting discussion of …

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LibLink: David Laws MP writes about the Lib Dem ambition for fairer tax

David Laws has argued at the Guardian’s Comment is Free site that the Coalition should accelerate Liberal Democrat tax cutting plans.

The government’s previous plan was for the allowance to rise in steps of £630 over the next few years, to reach £10,000 by April 2015. Clegg and chief treasury secretary Danny Alexander are rightly insisting that we look to bring forward those tax cuts. This week they seemed to attract the unlikely support of Labour’s Ed Balls. But his plan for a totally unfunded tax cut is as unlikely to convince the deputy prime minister as it is the chancellor.

The

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