Monday, 21 October 2013

Guest Blog by Nick Clegg: Lib Dems the party of fair taxes

I know I don’t usually send you videos of the Prime Minister. But this one – where he tells me it would be impossible to raise the personal allowance to £10,000 – is worth watching again. Especially now the Tories are desperately trying to take credit for delivering it!

When you hear Conservative activists out and about, claiming that the £700 income tax cut was their party’s doing, remind them of this:

Not only did they oppose the policy before the last election; in the 2012 Budget, when I wanted to go further and faster to reach our  £10,000 target, the Conservatives only agreed to it in return for a tax cut for top earners - cutting the top rate of income tax to 45p.

So while the Liberal Democrats fought for tax cuts for millions, the Conservatives prioritised tax cuts for millionaires. 

Now I hear they’re considering a promise, at the next election, to raise the personal allowance to £12,500. That’s a great idea. So good, in fact, that we’ve already had it. This is almost identical to the Liberal Democrats’ plan to raise the personal allowance to the minimum wage – a commitment we agreed at our Spring Conference last year and which I want to see at the heart of our manifesto in 2015.

The Liberal Democrats are, and will continue to be, the party of fair taxes.

Enjoy the video – and tell us how you’ll spend your £700 here.

Nick Clegg MP

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