From interest rate cuts and capital flight, to plunging currencies and growth wobbles, we highlight the numbers that matter this month
KEY ELECTION PLEDGES
THE CONSERVATIVES WILL...
- Raise the level at which people start paying income tax to £12,500 a year, from £10,600, and introduce a law to ensure no one on the minimum wage will pay income tax.
- Raise the threshold at which people pay 40 per cent income tax to £50,000 by 2020, from £42,385 today.
- Exempt family homes from inheritance tax by introducing a new transferable main residence allowance of £175,000 per person.
- Reduce tax relief on pension contributions for people earning more than £150,000.
- Raise income tax to 50 per cent for those earning over £150,000 per year.
- Bring back the 10p rate of income tax.
- Introduce a “mansion tax” on properties worth more than £2m.
- Levy a tax on bank bonuses.
- Restrict tax relief on pension contributions for the highest earners.
THE LIB DEMS WILL...
- Raise the income tax personal allowance to £11,000 from April 2016, and then to £12,500 after deficit reduction is complete.
- Increase the highest rate of capital gains tax from 28 per cent to 35 per cent.
- Introduce a “mansion tax-lite”, a staggered charge on homes worth more than £2m.
- Launch a review to consider a single rate of tax relief for pensions.
- Increase the personal allowance to £13,000.
- Create a new 30 per cent income tax rate for those earning between the current higher rate threshold and £55,000.
- Abolish inheritance tax entirely.
- Make it a criminal offence to cold call someone in respect of pension arrangements.