Liberal Democrat tax and national insurance promises

15 August 2014

Danny Alexander has announced that a Liberal Democrat government willmake further cuts in Income Tax and reduce National Insurance.

Liberal Democrats have maderaising the personal tax allowance to £12,500 and subsequently cutting National Insurance contributions a manifesto commitment.

Increasing the personal tax allowance would benefit 30m workers and 6m pensioners. And once the increase is made, Liberal Democrats say that they will work towards raising the level that people start paying employee National Insurance.