Your Money

Fair taxes and fair benefits to help every family get by

Liberal Democrats want to make the tax and benefits system fair, so that everyone, be they young or old, can afford to get by. We have plans for the most radical, far-reaching tax reforms in a generation.

These changes are desperately needed. Conservative and Labour governments have changed Britain into one of the most unequal societies in the developed world, where ordinary people struggle to make ends meet while the richest benefit from tax breaks. The poorest fifth of the population pay a higher proportion of their income in tax than the richest fifth.

We set out in this manifesto a clear plan to bring the budget back under control, being honest about the tough choices we need to take. We will cut taxes for millions of working people and pensioners, paid for by making sure that the very wealthy pay their fair share and that polluting air travel is properly taxed. We will boost the state pension by immediately restoring the link with earnings growth.

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