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[…]

Additional tax cut for 25m workers!

Every year for the last three years Lib Dems in government have fought to make sure that the budget delivers tax cuts for working people. Now, we’ve got to do the same again. We’ve come a long way already, delivering a £700 tax cut for over 25 million workers. But we’ve had to fight the Conservatives every step of the way to get these tax cuts on the agenda, every year, at every budget. This year is no different. Commenting, Local Lib Dem city councillor, Darren Fower said: “Unlike Labour and the Conservatives, the national Lib Dems want to deliver an additional £100 tax cut for those 25 million workers,[…]