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Press watch: Clegg calls for ‘further and faster’ tax cuts

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‘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 

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