On September 22, 2026, Liberal Democrat leader Ed Davey announced a plan to cut income taxes by £17 billion if the party wins election, arguing that growth from rejoining the EU single market and customs union would fund the reduction. The proposal sparked debate over fiscal credibility.
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Ed Davey argues tax threshold freeze is ‘holding back teachers and nurses’ as he lays out plan to rejoin EU’s single market and customs union
Rejoining the single market has become the new "magic money tree" of UK politics. I'd gladly rejoin, but are we all now pretending growth was going gangbusters, money was pouring into the Exchequer & there was no pressure on the public finances before Brexit? www.theguardian.com/politics/202... Growth created by rejoining EU single market and customs union would fund change, Davey tells the party’