Nick Clegg pushes for £1bn income tax cut

Nick Clegg says he is pushing his Tory coalition partners to agree to cut income tax bills by another £100. The government has repeatedly raised the personal allowance – the amount people can earn before paying income tax – since the 2010 election. The threshold is due to reach £10,000 in 2014/15 but Mr Clegg wants to make it £10,500 from 2015 – a move that would cost the...

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