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Danny Alexander: Lib Dems will slash taxes if elected

LIBERAL Democrat Treasury Secretary Danny Alexander threatened a vicious new wave of public spending cuts yesterday with a £12.2 billion election vow to slash taxes.

He said the party’s pledge to raise tax-free allowances to £12,500 — a policy also being discussed by the Tories — would “be fair and help to make being in work pay.”

The step would benefit those on “low and middle incomes,” Mr Alexander suggested.

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