Clegg calls for £1bn tax giveaway

Press Association
Nick Clegg
Nick Clegg

Deputy Prime Minister Nick Clegg is pressing his Tory coalition partners to take advantage of the improving economy for a £1 billion tax giveaway before the next general election.

The Liberal Democrat leader wants Chancellor George Osborne to raise the threshold at which people start paying income tax to at least £10,500 by the time of the election in May 2015, aides have said.