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Tuesday, January 28, 2014

More differentiation by the Liberal Democrats

The Independent reports that the Liberal Democrats have started to put in place key policies that will differentiate themselves from the Tories at the next election through a determination to eensure that the rich contribute more to reducing the deficit so that we do not have to rely entirely on cuts as set by George Osborne.

The paper says that plans being drawn up by Danny Alexander, the Chief Secretary to the Treasury will commit the Liberal Democrats to raising £2bn a year from a banded “mansion tax” on multimillion-pound properties.

They add that the party is also planning to reduce the total amount people can save tax-free for their pensions by 20 per cent to £1m. This is expected to raise a similar figure. They add that the measures will form key Liberal Democrat demands in any possible coalition negotiations after the next election.

This is very welcome. I look forward to more announcements as the General Electionm draw nearer.
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