View more on these topics

Agreements on banking and tax rules


1. Increase non-business capital gains tax possibly in line with income tax bands, with exemptions for entrepreneurs.

2. Reverse Labour’s “jobs tax” by increasing the threshold at which employers pay National Insurance for employees by £21 per week.

3. Introduce a new banking levy and an independent commission to look at separating retail and investment banking.

4. Bring forward proposals to give the Bank of England control of macro-prudential regulation.

5. New forecasts for growth and borrowing should be made by an independent Office for Budget Responsibility.

6. Develop proposals to ensure the flow of credit to SMEs including a major loan guarantee scheme and net lending targets for the nationalised banks.

7. Bring forward proposals to promote mutuals and create a more competitive banking industry.

8. Increase in the income tax threshold over the long term to eventually reach £10,000.

9. LibDems to abstain on Budget resolutions to introduce transferable tax allowances for married couples.

10. Rule out joining the euro for the duration of the coalition agreement.

11. Make fair and transparent payments to Equitable Life policyholders through an independent payment scheme.

12. Establish an independent commission to review the long-term affordability of public sector pensions, while protecting accrued rights.

13. Reduce the child trust fund and tax credits for higher earners.

14. Put on hold any increase in the IHT threshold.15. Reduce the deficit starting with £6bn worth of cuts to non-front line services in 2010/11.

16. Tackle unacceptable bonuses in the financial services sector and tax avoidance.

17. Phase out the default retirement age and hold a review to set the date at which the state pension age starts to rise to 66.

18. Restore the earnings’ link for the basic state pension from April 2011 and raise pensions by the higher of earnings, prices or 2.5 per cent.

Key Conservative and Liberal Democrat policy areas still up for grabs:

1. Future powers of the FSA.
2. High-rate pension tax relief.
3. Review of the national employment savings trust.
4. Reducing mortgage market reliance on wholesale funding.
5. Stamp duty changes.
6. Possible increase in VAT
7. Possible cut in corporation tax
8. Timing of CGT changes and size of annual allowance


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm