Former Liberal Democrat president Robert Maclennan, now the party’s constitutional affairs spokesman, will also urge the party’s annual conference in Bournemouth next week to back proposals to separate the legislation from a Tax Technicalities Bill to permit greater consultation on the detail of tax matters.
The proposals are on top of plans for a 50% tax rate on incomes of over £100,000 per year contained in its draft manifesto, which the party is expected to rubber-stamp.
The party will also debate a call for a crackdown on the banks, approving the Cruikshank report detailing ‘profound competition problems’ in the industry.
Besides greater fiscal autonomy for devolved legislatures, the conference is also expected to renew its support for a local income tax to replace council tax as the main revenue for local authorities. It is also expected to back a tax on greenfield development to fund the restoration of urban derelict land for housing.
This year most of the policy calls will be proposed by leading party spokesman an increasing trend at Liberal Democrat conferences.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals