abolishing employee National Insurance payments on those
contributions, substantially boosting incentives to save among
lower earners while reducing relief for higher earners; limiting
the current tax-free lump sum people can withdraw from
their pension pots from 25% to £40,000, reducing tax relief for
the wealthiest pensioners while leaving 75% of drawdowns
4. Making the taxation of residential property fairer by:
immediately introducing additional higher bands to make council
tax more progressive; reviewing the case for replacing council
tax with a simple percentage-based annual property tax based
on up-to-date valuations, as is the case in most other developed
economies and as recommended by the OECD, Resolution
Foundation, IFS and IPPR.
5. Revenues from higher wealth taxation to be allocated to a
combination of: lower taxes for young people and low earners;
increased investment in infrastructure and education; an
independent, professionally managed Citizens' Wealth Fund,
which by investing in assets would earn an annual rate of return
that could be used to boost public spending or be returned to
citizens in the form of an annual dividend.
Applicability: Federal; except 4 (lines 66-72) which Is England only.
Mover: 7 minutes; summation of motion and movers and summation of any
amendments: 4 minutes; all other speakers: 3 minutes. For eligibility and
procedure for speaking in this debate, see page 4.
The deadline for amendments to this motion is 13.00, Monday 3 September;
see page 6. Amendments selected for debate will be printed in Tuesday's
Conference Daily. The deadline for requests for separate votes is 09.00 Monday
17 September; see page 3.
11.30 Policy motion
Chair: Jennie Rigg. Aide: Jenni Lang. Hall Aide: Mary Reid.
F35 Demand Better: Liberal Democrat Priorities for a Better Britain (FPC
Themes Policy Paper)
Federal Policy Committee
Mover: Layla Moran MP.
Summation: Duncan Brack (Vice Chair, FPC).
66 AGENDA AUTUMN CONFERENCE 2018
Tuesday 18 September