The Liberal Democrats party has unveiled a major shift in its tax policy, which includes propels to cut the basic rate of income tax and scrap plans for a 50p in the pound higher rate income tax rate.
Revealing his vision for the future of the party and his proposals for policy reform - entitled My Priorities for a Liberal Britain, Menzies Campbell, leader of the LibDems, this afternoon said he believed “taxation is complex, stealthy and unfair”, particularly on the lowest earners who feel they are penalised for “hard work”. Full details of Campbell's plans for taxation policy reform will be published in a paper next month – so party members have the information ahead of its annual conference – but a key development will be a cut of 2p in the pound on the basic rate of income tax to 20p...
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