Budget 2015 packed with Liberal Democrat policies

This Budget is packed full of policies that deliver Liberal Democrat priorities: Help for lower and middle income earners by increasing the Personal Allowance by further £200 so that from April 2016 the tax threshold increases to £10,800 and from April 2017 to £11,000. By 2017/2018, 27.2 million workers will have benefited from increases in the personal allowance and we will have lifted over 3.7 million out of income tax altogether. Help for children with mental health problems by providing £1.25bn of new funding over the next five years to treat 110,000 more children with mental health issues, and provide rapid access to treatment for new mothers. Help for motorists[…]

Lib Dems WILL abolish NI contributions for anyone earning below £12,500 a year!

As reported in the national media, the Liberal Democrats plan to cut national insurance contributions even further, for anyone earning below £12,500 a year. The Lib Dems will promise in their general election manifesto to raise the level at which workers start to pay national insurance contributions. Employees currently start paying national insurance on earnings above £153 a week, or £7,956 a year, at a rate of 12%. The Lib Dems, who will beat the goal set out in their 2010 manifesto to raise the personal income tax allowance to £10,000 in this parliament, have already indicated that they will pledge to raise it to £12,500 by 2020. Danny Alexander[…]