Cable: 4p off income tax

When Vince Cable got the Lib Dem Conference to pass his tax proposals at last year's Annual Conference, my feelings were a) that he was probably right but b) it would be difficult to put over the new package to the electorate.

So I was pleasantly surprised by this morning's promise of 4p off the basic rate of income tax - and pleasantly surprised too by the press reaction to it.

Here is the start of the Sun's online report. What more could we ask for?

The Liberal Democrats promised a 4p reduction in the basic rate of income tax today.

And the cut would be paid for by hits on the super-rich and the biggest polluters.

The £19.2billion tax cut would reduce the rate to 16p - the lowest since 1916 when Britain’s last Liberal Prime Minister was in 10 Downing Street.

Party leader Sir Menzies Campbell said his proposed system was “fair, simple and green” and would benefit “the vast majority” of families.