Tax compromises central to coalition plans
Tory and Lib-Dem tax policies lined up for compromise
Tory/Lib Dem tax policies face a
of compromises as a coalition government.
Early reports suggest that the Lib-Dems’ mansion tax plan will go by the
wayside, as will the Tories’
The income tax threshold is set to rise to £10,000, a Lib-Dem policy, while
planned increases in national insurance will be shelved.
rise on non-business assets to as much as 40%, reported the
Both parties were against the child trust fund set-up.
The Tories’ married couples tax relief plan could also survive the
An emergency Budget is expected to take place within the next two months.