Clegg calls for 4p tax cut to boost economy

Among a number of policies proposed today, he also called for financial advice to become compulsory at the point repossession claims are issued and says the banking industry is in need of reform. Clegg says he will extend the Liberal Democrat spending review to find £20bn of Government spending that can be scrapped in order to reduce the tax burden on lower and middle-income families and boost consumer spending. He says: “There isn’t much scope in fiscal or monetary terms for a stimulus package. But we can restructure our tax system to give tax breaks to low and middle-income families, t...