Nick Clegg
Media playback is unsupported on your device

Nick Clegg: UK's tax system cannot go on like this

Nick Clegg has urged the government to go "further and faster" in raising the level at which people start paying income tax to £10,000 a year.

The deputy prime minister argued many families were facing a "state of emergency" in their finances and ministers must respond "more rapidly".

The coalition has promised to raise the income tax threshold to £10,000 by the next election, set for 2015.

He said he wanted the change to come in sooner "because, bluntly, the pressure on family finances is reaching boiling point".

Go to next video: Tax changes to 'deliver fairness'