Sunday, 11 March 2012

What will YOU do with YOUR Sixty Pounds?

This is another post about the Liberal Democrats push to increase the Personal Allowance towards (and beyond) £10,000. I make no apologies for that, although I do promise to focus on other things in future posts.

I mentioned in this post about Caron Lindsay's idea that we should relate the figures of tax saved to real-life examples of what this money could be spent on. It appears that Caron's wise words have been listened to by the party as members got an e-mail from Party President, Tim Farron on Friday.

In it he discussed this issue and launched a website encouraging people to think about how they would spend an extra £60 a month. (This represents* the basic rate tax saved by increasing the Annual Allowance from £6,475 when the coalition took power - which was unchanged from previous year - to £10,000.)

So what are you doing with the £16.67 you're already saving in income tax each month? What would you do with an additional £43.33?

For myself, it'd make things a bit more comfortable while I pay down debt and save for a trip to Australia. I appreciate, though, that that isn't going to help with an economic stimulus, so I shall also purchase new clothes, which are even more desperately needed now I've lost over a stone in weight!

You can respond here and say what you would do? Note that the website asks for an e-mail address which is, presumably, for authentication purposes but may also lead to you being added to a mailing list.

Once you've completed the form, the site will also give you information about the impact of the policy locally. In Bristol, 16,200 people will be taken out of Income Tax altogether.

Andrew

*Pedants note - the actual figure before rounding is £58.75.

Wednesday, 7 March 2012

Sooo... What have the Liberal Democats achieved in Government?

I recently posted a piece which had a link to Mark Pack's Facebook page where he is posting an achievement for the Lib Dems in government every day. Today, though, he has published this 'infographic' which pinpoints a number of the party's policies which are now being enacted.

You can visit Mark's site here, where you can see a larger version and also sign up to his excellant monthly e-mail.


Andrew

Saturday, 3 March 2012

Winning the Arguments on Tax (2)

Earlier this week, over on Lib Dem Voice, Stephen Tall reported on a ComRes poll for the Independent which saw 60% of respondents agreeing with the proposition:
Do you agree or disagree with the following statement? People on high incomes should pay more in tax in order to take people on the lowest incomes out of tax altogether.
As Stephen points out, this isn't quite Lib Dem policy (which is to seek to tax wealth whilst taking lower income families out of tax) but it does show a general support for the principle of the state seeking to supporting those with the lowest income and wealth in society through the taxation system.

Stephen provides some analysis of the figures, based on the poll's tables (which you can find here). 

I'd like to add a couple of points:

The tables show the policy is supported by a majority in each social group although this support is weaker amongst those in the "higher" groups. 

More surprisingly, though, support is weakest amongst younger people, who would be amongst the likely beneficiaries, which suggests a (probably general) need for greater engagement with these (18-24 and 25-34) age-groups.

There's a few other points that are thrown up in the tables but which probably fall outside of the remit of this blog - you may find another post on the subject appearing over on the the widow's world sometime!

Andrew