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Liberal Party General Election Manifesto 2019 – Taxation
Liberals want to see a simplified tax system which allows the low paid and moderately paid to keep as much of their earned income as possible.
We believe that government should tackle the gross inequalities of earnings and wealth. Income Tax and National Insurance thresholds should be raised to remove the low paid from the tax and benefits trap and improve disposable incomes of the working poor and low paid pensioners.
We propose radical reform of the inheritance tax system. We would reduce the rate of inheritance tax to 10% but would abolish the large number of allowances and exemptions which allow the very wealthy to pay little or no inheritance tax. This would be used to provide a tax free lump sum to every UK citizen at the age of 25, which can be used to pay university tuition fees or provide money for a business start-up.
Promoted by Stephen Graham on behalf of the Liberal Party, 12 Dayworth Mews, Lundy Lane, Reading, RG30 2RR

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