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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.”
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.”
Green Box: Laws: Tax cuts could end austerityClick to open
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