Nick Clegg
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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".

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