🚨 NEW: Ed Davey has announced the Lib Dems would raise the 40% income tax threshold from £50,270 to £56,000
The tax-free personal allowance would also be increased to £15,000 so 2.5 million people don't pay income tax or NI
This is a fight for the future of our country. For liberty, equality and community. For the values we hold dear.
This is the fight of our lives.
And we are going to win it.
Raising the tax-free personal allowance. Trusting people to spend their own money, not telling them the state knows best.
Real money, £680 a year, back in people’s pockets.
Liberal Democrats took more than 3 million people out of paying income tax altogether with the personal allowance. Rewarding hard work and aspiration. Helping the lowest paid the most.
So we will raise the tax-free personal allowance to £15,000. Taking 2 million more people
