will place a reform of the tax system at the centre of its offer to work with
the Lib Dems as part of providing a stable government.
Presenting his statement to the public with a hung parliament, Cameron said
that the Tories had “common ground” with the Lib Dems in many areas, including
lowering the tax burden for those who can least afford to pay tax.
Cameron spoke of a “big, open, comprehensive, offer” to the
Dems. He stopped short of offering a coalition, but suggested more
than just a ‘confidence and supply’ arrangement, where a minority government
governs through agreements over certain policies.
The Lib Dems outlined increasing the basic personal allowance to £10,000, and
introducing a ‘mansion tax’ of 1% on properties worth more than £2m, as key
planks for their tax policy, as well as leaving just a basic rate of pensions
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