PM's tax allowance pledge 'shameless copy' of Lib Dem policy

The Tories' shameless attempt to copy Liberal Democrat tax policy will be utterly incredible to the millions of working people who they have made clear will be their main target for cuts in the next Parliament.

The Conservatives opposed increases to the tax threshold at the last election. The big tax cuts for 25 million working people in this Parliament have only been delivered because of the determination and commitment of Liberal Democrats to fight for them every day. The Conservative plan to raise the higher rate threshold to £50,000 means that the working-age poor are being asked to fund a tax cut that is four times greater for higher-rate taxpayers than for basic rate taxpayers.