Cut headline income tax rate, say LibDems
Rate should fall from 22p to 20p
Vince Cable, the Liberal Democrat Treasury spokesman, has called for the
headline rate of income tax to be cut from 22p to 20p in the pound.
This call was made as part of a review of the party’s tax policy.
Cable said the LibDems would also emphasise using taxes to combat inequality
and damage to the environment rather than higher taxes.
The party said that if it were elected to government it would also
re-establish some policies, such as the replacement of council tax with a local
income tax.
