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Lib Dems to put pay to loopholes

The Liberal Democrats pledged a crack down on Stamp Duty loopholes as part of their pre-election campaign last week.

The party also outlined plans to raise the 0% Income Tax threshold from £6, 475 to £10,000, which it says would save four million of the lowest paid workers from paying the tax.

Nick Clegg, leader of the Lib Dems, says: “Over time a tax system has developed that creates loopholes for the wealthy and does nothing for those who really need help.”


Damp squib

There you have it, no more hiding from the obvious. Chancellor Alistair Darling has revealed the true extent of the country’s debt and, to put it bluntly, we’re in it up to our necks.


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