Fraser Nelson Fraser Nelson

Two cheers for Nick Clegg’s tax cuts

It’s tempting to see Nick Clegg as a champion of lower taxes. He’s nudged the tax threshold up over this parliament and in a letter sent out to Liberal Democrat members  (while David Cameron is out of the country) he suggests the state should only start to confiscate earnings from people when they hit £10,500 a year, higher than his current target of £10,000, from April 2015.

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