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David Laws MP

Education minister

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Stories involving David Laws

Fox joins calls for tax cuts

Liam Fox has joined the calls for tax cuts to be included in the Chancellor’s Budget next month.

Writing for Wednesday’s Financial Times, the former Defence Secretary argues for a reduction in employers’ national insurance contributions across the board, to be paid for by spending reductions.

Dr Fox also acknowledges that Lib Dem calls for an increase in the income tax threshold may be necessary as part of the Coalition agreement. David Laws has this evening reiterated the advantages of such a move, writing in the Guardian that “the case for bringing forward tax cuts is overwhelming”.

Speaking on Newsnight yesterday, the Former Chief Secretary to the Treasury predicted that household incomes would rise for first time in four years if the Coalition cuts taxes for low earners.

“Now that we’re seeing inflation this year on a firm downward track, that gives us the opportunity, if we can make these other reductions in taxation by increasing the income tax thresholds….that gives us the opportunity of ending the austerity on households budgets and allowing the budgets of most people, the household budgets of most people, to start expanding again from later on this year into next year.”

The Lib Dem confirmed he wanted to fund the move by cutting higher rate pension tax relief.


Laws to lead funding talks

Nick Clegg has asked David Laws to lead cross-party talks on party funding, continuing the political rehabilitation of the former Cabinet minister. Mr Clegg has proposed talks between the parties on donations, unions and state funding. 


Clegg opposed to 'vindictive cuts'

Nick Clegg is prepared to oppose what he sees as "arbitrary and vindictive cuts" to the benefits bill next year, the Financial Times reports. He was joined by David Laws, former Chief Secretary to the Treasury, who said the Coalition should stick with plans to increase benefits by 5.2% in line with inflation. It is feared that cutting the benefits increase would lead to a "significant rise" in poverty in the run-up to the 2015 election.


Laws: Tax cuts could end austerity

David Laws has put the pressure on George Osborne to raise personal tax allowances in next month's Budget, saying such a move could “end the austerity on household budgets”.

In an interview with Newsnight, the Lib Dem MP followed Simon Hughes and Ed Balls in calling for the tax cuts:

“We have to distinguish between the period of austerity for public spending and for public services, which is clearly going to go on for a period of time, from the austerity that we’ve seen in household budgets… now that we have completed most of the tax increases, now that we’re seeing inflation this year on a firm downward track, that gives us the opportunity, if we can make these other reductions in taxation by increasing the income tax thresholds - as Nick Clegg has suggested - that gives us the opportunity of ending the austerity on households budgets.”


Experts predict bleak future for euro

A group of economists and politicians from all sides have said the eurozone cannot survive in its present form. Writing for the Independent, expert figures including Alistair Darling, David Laws and Ed Balls warn the single currency is doomed without reform. 


Companies will 'quit UK' over 50p tax

David Laws, the former Chief Secretary to the Treasury, has warned that companies and entrepreneurs could quit Britain unless the 50p top rate of income tax is abolished. In an interview with The Independent, Mr Laws contradicted Nick Clegg and his successor as Chief Secretary to the Treasury Danny Alexander by calling for the abolition of the 50p rate.


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