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Lib Dems claim Tories will have to make cuts to meet tax pledges

Nick Clegg has said the Conservative party have no way to meet their tax pledges on raising the personal allowance to £12,500 without doing, "what Tories do best - cut."

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Lib Dems promise to go further on tax allowances

The Lib Dems want to go even further on raising the personal tax allowance. Credit: Stefan Rousseau / PA Archive/PA Images

The Liberal Democrats promised to go "further and faster" on raising personal tax allowances, after Chancellor George Osborne refused to rule out cutting the top rate of income tax to 40p in the next parliament.

The Lib Dems - who claim they had to push the Conservatives into accepting rises in allowances at a succession of coalition budgets and accused their former coalition partners of "unbelievable cheek" for trying to take credit for the policy - are expected to unveil more radical proposals this week.

Education Minister David Laws said the proposals will be high on the agenda "before even the first cup of coffee has been served" should the Lib Dems be part of coalition talks after May 7th.

"The Liberal Democrats... would want to go far faster than the existing trajectory for increasing the personal tax allowance," he told BBC Radio 5 Live.

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