Clegg to push for £12.5k income tax threshold at Budget

A higher threshold for income tax will be the Liberal Democrats' top priority at next month's Budget, deputy Prime Minster Nick Clegg will say today.

A threshold of £10,000 is due to begin in April, but Clegg will argue income tax should not kick in until £12,500 has been earned, according to reports. Clegg had already been pushing for an increase to £10,500 in 2015. But he is expected to say in a speech to business leaders today that the Liberal Democrats want to keep going. "[This party] want to keep cutting income tax for ordinary taxpayer", he will say. "That will be the main item Danny and I push for in the Budget - again. In the next parliament we would raise the personal allowance so that no one pays any income tax on ...