Lib Dems pledge £17bn income tax cut if UK rejoins EU

Summarised from 4 outlets · Updated 22 Sept, 21:14 · Archive

Liberal Democrat leader Ed Davey has pledged a £17bn income tax cut if the party is elected.

Davey said the proposal would eventually raise the income tax threshold to £15,000. He argued the tax cuts could be funded by growth created through rejoining the EU single market and customs union. The pledge was made at the party's annual conference in Brighton.

How it is being reported

• Davey promises tax cuts for millions if UK rejoins EU single marketThe Lib Dem leader vows to raise tax thresholds if he becomes PM, in a speech to his party conference.BBC 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 happenBut leader Sir Ed Davey claimed the only way to fund his tax cuts is by reversing Brexit and taking Britain back into the European Union's orbit.Daily Mail · 22 Sept, 15:18
• Rejoining EU single market and customs union would allow us to cut your taxes, Lib Dems sayEd Davey argues tax threshold freeze is ‘holding back teachers and nurses’ as he lays out plan to rejoin EU’s single market and customs unionThe Independent · 22 Sept, 14:40
• Ed Davey promises £17bn income tax cut if Lib Dems are electedParty leader tells conference growth created by rejoining EU single market and customs union would fund change UK politics live – latest updates Ed Davey has unveiled a plan for a £17bn income tax cut in a speech aimed at shoring up the party’s support among former Conservative voters, but which risked disappointing some Liberal Democrat MPs who want a bolder vision for the party. Addressing the party’s annual conference in Brighton, the Lib Dem leader said the proposal, which would eventually increase the threshold for paying income tax to £15,000 and raise the level at which people pay the…The Guardian · 22 Sept, 14:40

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

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