The Liberal Democrat leader, Davey, has pledged to raise tax thresholds if he becomes prime minister, saying the move would deliver tax cuts for millions of people if the UK rejoined the European Union single market.
The commitment was made in a speech to the Liberal Democrat party conference. It links the proposed changes to personal taxation with a wider policy of returning the UK to the EU single market.
Under the plan outlined by Davey, higher tax thresholds would mean people could earn more before becoming liable for tax. The supplied details do not specify the proposed thresholds, the scale of the tax reductions or the timetable for implementing the policy.
The pledge is conditional on both a change of government and the UK rejoining the EU single market. No further details of the party’s plans were provided.
