Posted by A.H. on Monday, April 20, 2009
Tags: taxes uk "lib dems" elections
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The UK Lib Dems announced today that, if elected, they will cut the amount of income tax paid by lower and middle-income individuals by £700 a year. Overall, the plan does not represent a net tax cut but a 'tax switch', being funded by closing loopholes for companies and slightly increasing taxes on wealthier individuals.