Bellow sets out the pre-Election tax proposals of the Conservatives the Liberal Democrats and (for old times' sake) Labour — illustrating where there is existing common ground for a coalition government and crucially where there are key differences.
The stated position of the coalition government is set out in the Coalition Agreement document the relevant extracts of which are shown below.
* * * * * *
Conservative Liberal Democrat coalition negotiations
Agreements reached — 11 May 2010
Tax Measures
The parties agree that the personal allowance for income tax should be increased in order to help lower and middle income earners. We agree to announce in the first Budget a substantial increase in the personal allowance from April 2011 with the benefits focused on those with lower and middle incomes. This will be funded with the money that would have been used to pay...
