Politics · 7 hours ago

Lib Dems' £17bn tax cut relies on a 2034 EU change

Ed Davey, the Lib Dem leader, unveiled a plan to cut income tax by £17bn, aiming for former Conservative voters. The plan would raise the income tax threshold to £15,000 and increase the 40p higher rate threshold by about £6,000. The cuts would be paid for by economic growth from rejoining the EU's single market, likely by 2034.

By BriefTea Editorial · 23 September 2026 at 0:16

Reported by The Guardian · How we write briefs