‘George Osborne is considering tax cuts for low and middle earners in his March Budget in an attempt to kick-start growth after figures showed that the economy is contracting.
‘George Osborne is considering tax cuts for low and middle earners in his March Budget in an attempt to kick-start growth after figures showed that the economy is contracting.
‘The Chancellor will consider speeding up the Coalition's plan to raise the personal tax allowance to £10,000 a year by 2015. The move would help families in the "squeezed middle" and enable them to spend more – in the hope this would get the economy moving again.
‘Significantly, the Treasury has cleared a speech by Nick Clegg today in which he will urge Mr Osborne to go "further and faster" towards the £10,000 tax-free income goal. This was a key Liberal Democrat pledge at the 2010 election and is Mr Clegg's No 1 priority in negotiations with Mr Osborne about the Budget, which have just begun.’
The Independent, 26 January 2012
‘George Osborne is considering tax cuts for low and middle earners in his March Budget in an attempt to kick-start growth after figures showed that the economy is contracting.
‘George Osborne is considering tax cuts for low and middle earners in his March Budget in an attempt to kick-start growth after figures showed that the economy is contracting.
‘The Chancellor will consider speeding up the Coalition's plan to raise the personal tax allowance to £10,000 a year by 2015. The move would help families in the "squeezed middle" and enable them to spend more – in the hope this would get the economy moving again.
‘Significantly, the Treasury has cleared a speech by Nick Clegg today in which he will urge Mr Osborne to go "further and faster" towards the £10,000 tax-free income goal. This was a key Liberal Democrat pledge at the 2010 election and is Mr Clegg's No 1 priority in negotiations with Mr Osborne about the Budget, which have just begun.’
The Independent, 26 January 2012