Party 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 £17 bn 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 40 p higher rate by about £6, 000, would be paid for entirely by increased growth.
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