Lib Dems push for pension tax relief cut

The Liberal Democrats will push the Prime Minister and his Chancellor to speed up the increase of the lower income tax threshold to £10,000, the Telegraph reports. It is understood that Clegg and Alexander (pictured) will reveal to the Conservatives their plans to fund the tax break for lower earners with progressive taxes on the wealthy. Reducing tax relief on pensions will be one of the proposals put forward by the Liberals, sources have claimed. Alexander is likely to propose that higher rate tax-payers will only receive basic rate tax relief on their pension contributions, alth...