Accountancy Age: David Laws, the former chief secretary to the Treasury, has increased pressure on the chancellor George Osborne to raise the income tax threshold to £10,000 in next month's Budget, saying it was time to signal the end of austerity on household budgets. Laws told BBC's Newsnight yesterday that the Liberal Democrats would fund the move - which would cost the Treasury some £9bn - by halving the higher rate of tax relief on pensions from 40% to 20%.
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