Update: Ed Davey promises £17bn income tax cut if Lib Dems are elected

A report from The Guardian — Politics focuses on “Update: Ed Davey promises £17bn income tax cut if Lib Dems are elected” and sets out the main development contained in the supplied source material.

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 £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. The report also notes that Addressing the party’s annual conference in Brighton, the Lib Dem leader stated the proposal, which would eventually increase the threshold for paying income tax to £15,000 and raise the level at which people pay the 40p higher rate by about £6,000, would be paid for entirely by increased growth.

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