LIB DEMS WOULD:

• Secure the future of our NHS, focusing on social care and mental health with an extra £6bn per year, funded through a penny in the pound on income tax.
• Improve living standards for 9.6m parents and children, by reversing George Osborne’s cuts to the “work allowance” under Universal Credit, costing £3bn.
• Invest an extra £2.8bn in to the schools budget, by reversing the Government’s proposed cuts to school funding.
• Scrap business rates – replacing them with a tax on land values known as the Commercial Landowner Levy.  The reformed system would increase incentives to invest in new equipment and renovations, and cut taxes for businesses in nine out of ten English local authorities.
• Reverse Conservative cuts to Corporations Tax – still leaving the UK with the lowest rate of corporation tax in the G7.
• Work with the EU to crack down on tax avoidance by the tech titans, and working to secure agreement on taxing multi-nationals’ profits.
• Reform wealth taxation – bringing capital gains and dividend taxes into line with income taxes, removing the most generous pension tax reliefs from the highest earners, and replacing the inheritance tax system with a fairer lifetime transfer tax.