UK Lib Dems declare war on the rich with raids on pensions and property in 2015 manifesto
Source: The Independent
The Liberal Democrats are planning a double election tax raid on the rich, with commitments to introduce new levies on property and pension pots in their 2015 manifesto.
Under plans being drawn up by Danny Alexander, the Chief Secretary to the Treasury, the Liberal Democrats will commit to raising £2bn a year from a banded “mansion tax” on multimillion-pound properties.
The party is also planning to reduce the total amount people can save tax-free for their pensions by 20 per cent to £1m. The move is expected to raise a similar figure. The measures will form key Liberal Democrat demands in any possible coalition negotiations after the next election, as well as being used to differentiate the party from the Conservatives in the run-up to 2015.
... Another Liberal Democrat source added: “We have always been clear that those with the broadest shoulders should bear the greatest burden.”
Read more: http://www.independent.co.uk/news/uk/politics/exclusive-lib-dems-declarewar-on-the-rich-with-raidson-pensions-and-property-in-2015-manifesto-9089203.html
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