Lib Dems promise £17bn tax cut funded by EU market rejoining

Summarised from 4 outlets · Updated 22 Sept, 15:11

Ed Davey has unveiled a plan for a £17bn income tax cut, funded by economic growth from rejoining the EU single market and customs union.

The Liberal Democrat leader told the party's annual conference in Brighton that the proposal would eventually increase the income tax threshold to £15,000. He argued the current tax threshold freeze is 'holding back teachers and nurses'. The plan aims to attract former Conservative voters, though some party MPs want a bolder vision.

How it is being reported

• Davey promises tax cuts for millions if UK rejoins EU single marketBBC News · 22 Sept, 17:09
• Labour under pressure to slash tax as even the Lib Dems promise £17billion income tax cuts - but Ed Davey claims only reversing Brexit can make it happenDaily Mail · 22 Sept, 15:18
• Rejoining EU single market and customs union would allow us to cut your taxes, Lib Dems sayThe Independent · 22 Sept, 14:40
• Ed Davey promises £17bn income tax cut if Lib Dems are electedThe Guardian · 22 Sept, 14:40

In this story: Ed Davey · Liberal Democrats · Brighton · European Union

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem