WE KNOW that people in Ellesmere Port and Neston are struggling with spiralling debts, rising food and energy bills and unaffordable mortgages.
We are experiencing plummeting house prices, rising inflation and unemployment. The outlook for the economy has not looked so bleak since the Tory recession of the 1990s.Vince Cable, the Liberal Democrat Shadow Chancellor, warned about this from 2000.
We want to help the thousands of families in Ellesmere Port and Neston trying to make ends meet. We will get government spending under control and give the economy a boost by cutting taxes from the bottom up. We will crack down on big business and the super rich who exploit tax loopholes. We will strengthen the economy by requiring the Bank of England to take house prices into account when setting interest rates and we will regulate the banking system to prevent irresponsible practices.
Liberal Democrats will rebalance the tax system, cutting taxes for people on low and middle incomes, paid for by cutting reliefs and closing loopholes.
We propose to raise the threshold at which people start paying income tax to £10,000, cutting the average income tax bill by £700 and pensioner’s income tax bills by £100.