LONDON April 29 (People’s Daily Online)——Increasing the Personal Tax Allowance will be a red line for the Liberal Democrats in any coalition negotiations, Liberal Democrats leader Nick Clegg has announced today.
Nick Clegg said the Liberal Democrats would not support a Labour or Conservative Government if they did not commit to raising the income tax threshold.
The deal-breaker comes as millions of people will feel the benefit of the latest rise in the Personal Allowance in their pay-packets, which has delivered a ￡825 tax cut over the parliament, worth ￡70 a month.
Nick Clegg said: “During this General Election, there is only one party with a track record of promising tax cuts on the front page of its manifesto and delivering them straight into the pockets of low and middle income families up and down the country. That is the Liberal Democrats.”
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