Liberal Democrats in Business

News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum

Lib Dems Welcome Growing Support For Local Income Tax

10.17.00am UTC (GMT +0000) Tue 2nd Nov 2004

Commenting on the CIPFA report on Local Income Tax, Edward Davey MP, Liberal Democrat Shadow to the ODPM, said: "The report not only shows that Local Income Tax is practical, it confirms once again our figures.

"As the note on the CIPFA press release shows, they have not modelled the Liberal Democrat System, but column 17 in their figures for the national averages are almost identical to the Liberal Democrats.

"These independent experts show that LIT can be administered by the Inland Revenue with no extra burden on employers.

"That means axing council tax for Local Income Tax will produce efficiency savings of around £300million per year.

"This is confirmation that LIT isn't just fairer, but more efficient."

Bookmark this story at: [del.icio.usdel.icio.us [DiggDigg [FacebookFacebook [LibDigLibDig [redditreddit [StumbleUponStumbleUpon
[Print this news story]
[Previous news story]: Royal Mail Must Set Out Criteria For Post Office Closure Decisions (Mon 1st Nov 2004).
[Next news story]: Banks Must Stop Fuelling The Borrowing Boom - Cable (Tue 2nd Nov 2004).

Printed and hosted by Prater Raines Ltd, 82b Sandgate High Street, Folkestone CT20 3BX.
Published and promoted by Liberal Democrats in Business, 4 Cowley Street, London SW1P 3NB.
The views expressed are those of the party, not of the service provider.