Menu
26/01/2012
Clegg Calls For Raise Of Tax Band
Nick Clegg has called for the coalition government to push forward with plans to raise the income tax threshold to £10,000.
The deputy prime minister said families were at a financial "boiling point" and called on the coalition to follow through with the Liberal Democrats election promise.
However, Labour's Shadow Exchequer Secretary to the Treasury, Owen Smith, has responded saying Clegg had "a cheek" preaching about fairness and tax.
“Nick Clegg has got a cheek preaching about fairness and tax. This is the man who campaigned against a rise in VAT and then introduced it just after he got elected. And his government’s autumn statement took three times more from families with children than from the banks.
“For the last year Labour has been arguing for fair tax cuts, such as a temporary cut in VAT, to help hard-pressed families and pensioners and kickstart our stalled economy. And we want to see a tax on bank bonuses at the top to fund 100,000 jobs for young people. Now that the economy has gone into reverse, these measures should be part of a real plan for jobs and growth in the next Budget.”
Raising the tax band would mean many part time and low paid workers would become exempt from income tax, while many others would see a drop in the amount of income tax they had to pay.
(DW)
The deputy prime minister said families were at a financial "boiling point" and called on the coalition to follow through with the Liberal Democrats election promise.
However, Labour's Shadow Exchequer Secretary to the Treasury, Owen Smith, has responded saying Clegg had "a cheek" preaching about fairness and tax.
“Nick Clegg has got a cheek preaching about fairness and tax. This is the man who campaigned against a rise in VAT and then introduced it just after he got elected. And his government’s autumn statement took three times more from families with children than from the banks.
“For the last year Labour has been arguing for fair tax cuts, such as a temporary cut in VAT, to help hard-pressed families and pensioners and kickstart our stalled economy. And we want to see a tax on bank bonuses at the top to fund 100,000 jobs for young people. Now that the economy has gone into reverse, these measures should be part of a real plan for jobs and growth in the next Budget.”
Raising the tax band would mean many part time and low paid workers would become exempt from income tax, while many others would see a drop in the amount of income tax they had to pay.
(DW)
Related UK National News Stories
Click here for the latest headlines.
07 September 2011
Childcare Costs Force Poor Out Of Work
Families on low-incomes across the UK are having to turn down jobs or are considering leaving work because they can't afford to pay for childcare. New research from Save the Children and Daycare Trust also found that parents, regardless of income, say that they can't afford not to work, but struggle to pay for childcare.
Childcare Costs Force Poor Out Of Work
Families on low-incomes across the UK are having to turn down jobs or are considering leaving work because they can't afford to pay for childcare. New research from Save the Children and Daycare Trust also found that parents, regardless of income, say that they can't afford not to work, but struggle to pay for childcare.
31 March 2005
Lib Dems pledge to scrap 'unfair' council tax
The Liberal Democrats have vowed to scrap the "unfair" council tax, on the 15th anniversary of the poll tax riots. The party said that the council tax should be replaced with a local income tax, based on the ability to pay.
Lib Dems pledge to scrap 'unfair' council tax
The Liberal Democrats have vowed to scrap the "unfair" council tax, on the 15th anniversary of the poll tax riots. The party said that the council tax should be replaced with a local income tax, based on the ability to pay.
30 November 2010
Corporation Tax Reform To Create 'Competition'
The Government has published details of its Corporate Tax Reform programme consisting of a series of essential reforms designed to improve the UK's tax competitiveness. Measures include the introduction of new Controlled Foreign Company (CFC) rules and a commitment to introduce a Patent Box.
Corporation Tax Reform To Create 'Competition'
The Government has published details of its Corporate Tax Reform programme consisting of a series of essential reforms designed to improve the UK's tax competitiveness. Measures include the introduction of new Controlled Foreign Company (CFC) rules and a commitment to introduce a Patent Box.
11 August 2003
Inland Revenue highlights tax credits uptake
Of the six million families expected to benefit from the Child and Working Tax Credits, more than 5.7 million families are doing so already, according to the Inland Revenue (IR). Over 250,000 more tax credit awards were put in place over the last four weeks alone, the IR said.
Inland Revenue highlights tax credits uptake
Of the six million families expected to benefit from the Child and Working Tax Credits, more than 5.7 million families are doing so already, according to the Inland Revenue (IR). Over 250,000 more tax credit awards were put in place over the last four weeks alone, the IR said.
21 May 2012
Report Calls For Extension of Austerity Measures Until 2020
A joint report published by the Taxpayers' Alliance and the Institute of Directors has said George Osborne should prolong the coalition's spending cuts by an extra five years to allow for dramatic tax reductions, with a single rate of income tax set at 30%.
Report Calls For Extension of Austerity Measures Until 2020
A joint report published by the Taxpayers' Alliance and the Institute of Directors has said George Osborne should prolong the coalition's spending cuts by an extra five years to allow for dramatic tax reductions, with a single rate of income tax set at 30%.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
