1. National

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."

View all 17 updates ›

Osborne: Cutting top rate of income tax 'not priority'

Chancellor George Osborne has declined to rule out cutting the top rate of income tax rate from 45p to 40p if the Tories win the General Election.

Speaking to Sky's Dermot Murnaghan, Mr Osborne insisted that it is not a priority for the Conservative Party, and the "big tax commitments" for the next parliament were further raising the tax-free personal allowance and raising thresholds so only those earning £50,000 or more would pay the higher 40p rate.

George Osborne outlined his party's 'big tax commitments'. Credit: Sky News

"If that was our priority or our plan we would have made it part of our plan and made it one of our priorities.

"Judge us by what we want to do and what we want to do is increase the tax-free personal allowance to £12,500 so people full-time on the minimum wage don't have to pay income tax and millions are better off."

More on this story