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Thanks to a couple of technical problems, some subscribers haven't received this morning's Waugh Room Memo. Here it is in full: Paul Waugh is away. Today’s memo is written by Josh May. A huge day looms as David Cameron fina... Continue to article
Home secretary Theresa May speaks at the Lord Mayor's annual defence and security lecture in London (18.00) Foreign secretary William Hague is expected to attend a NATO meeting of foreign ministers in Belgium Business secretary Vince... Continue to article
Lord Storey called on Nick Clegg to apologise after posing with a copy of the Sun newspaper. “Of course he should [apologise]. I don’t think that people outside Merseyside realise the great upset and harm that the Sun caused to the peopl... Continue to article
Today at Bloomberg Deputy Prime Minister and Leader of the Liberal Democrats, Nick Clegg, will deliver a speech entitled ‘Opportunity for Everyone’. The recent local and European election results were incredibly difficult for the Liberal... Continue to article
COMMONS CHAMBER 11.30am: Northern Ireland questions 12 noon: Prime minister questions Main business Debate on the address (jobs and work) Presentation of public petition: NHS health services in Guisborough, Brotton and Park En... Continue to article
David Laws dismissed an ICM poll suggesting that Liberal Democrat leader Nick Clegg would lose his seat if an election was held tomorrow. "Let's look at the actual data from around the country. Not this poll, based on a tiny sample ... Continue to article
NUT press release The National Executive of the National Union of Teachers, which met today, has decided that we will not be taking action in the week of the 23rd June to allow time to see if progress is possible in the talks with Govern... Continue to article
Liam Fox has joined the calls for tax cuts to be included in the Chancellor’s Budget next month.
Writing for Wednesday’s Financial Times, the former Defence Secretary argues for a reduction in employers’ national insurance contributions across the board, to be paid for by spending reductions.
Dr Fox also acknowledges that Lib Dem calls for an increase in the income tax threshold may be necessary as part of the Coalition agreement. David Laws has this evening reiterated the advantages of such a move, writing in the Guardian that “the case for bringing forward tax cuts is overwhelming”.
Speaking on Newsnight yesterday, the Former Chief Secretary to the Treasury predicted that household incomes would rise for first time in four years if the Coalition cuts taxes for low earners.
“Now that we’re seeing inflation this year on a firm downward track, that gives us the opportunity, if we can make these other reductions in taxation by increasing the income tax thresholds….that gives us the opportunity of ending the austerity on households budgets and allowing the budgets of most people, the household budgets of most people, to start expanding again from later on this year into next year.”
The Lib Dem confirmed he wanted to fund the move by cutting higher rate pension tax relief.
Nick Clegg has asked David Laws to lead cross-party talks on party funding, continuing the political rehabilitation of the former Cabinet minister. Mr Clegg has proposed talks between the parties on donations, unions and state funding.
Nick Clegg is prepared to oppose what he sees as "arbitrary and vindictive cuts" to the benefits bill next year, the Financial Times reports. He was joined by David Laws, former Chief Secretary to the Treasury, who said the Coalition should stick with plans to increase benefits by 5.2% in line with inflation. It is feared that cutting the benefits increase would lead to a "significant rise" in poverty in the run-up to the 2015 election.
David Laws has put the pressure on George Osborne to raise personal tax allowances in next month's Budget, saying such a move could “end the austerity on household budgets”.
In an interview with Newsnight, the Lib Dem MP followed Simon Hughes and Ed Balls in calling for the tax cuts:
“We have to distinguish between the period of austerity for public spending and for public services, which is clearly going to go on for a period of time, from the austerity that we’ve seen in household budgets… now that we have completed most of the tax increases, now that we’re seeing inflation this year on a firm downward track, that gives us the opportunity, if we can make these other reductions in taxation by increasing the income tax thresholds - as Nick Clegg has suggested - that gives us the opportunity of ending the austerity on households budgets.”
A group of economists and politicians from all sides have said the eurozone cannot survive in its present form. Writing for the Independent, expert figures including Alistair Darling, David Laws and Ed Balls warn the single currency is doomed without reform.
David Laws, the former Chief Secretary to the Treasury, has warned that companies and entrepreneurs could quit Britain unless the 50p top rate of income tax is abolished. In an interview with The Independent, Mr Laws contradicted Nick Clegg and his successor as Chief Secretary to the Treasury Danny Alexander by calling for the abolition of the 50p rate.
21/07/2014 on House of Commons
13/06/2014 on Daily Politics, BBC Two
27/05/2014 on Boulton and Co, Sky News
15/05/2014 on Good Morning Britain, ITV
09/05/2014 on World at One, BBC Radio 4
Summaries and transcripts from TV and radio
22/07/2014 on Sky News
22/07/2014 on BBC News
22/07/2014 on World at One, BBC Radio 4