One of the most important Lib Dem policies for me is raising the tax threshold to £10,000 – giving most people an extra £700 a year.

The policy’s fully costed and tax neutral – it doesn’t rely on unspecified efficiency savings that might or might not emerge.  It’s funded by increased taxes on the very wealthy, on large companies and by closing tax loopholes.

It would give most people a lot more back than the Conservative plans, but more than that, it also helps break out of the benefits trap – giving those on benefits more of an incentive to get paid employment.