The Liberal Democrat leader has pledged to increase tax-free allowances as a key policy if elected prime minister, outlining the proposal during his party’s annual conference. The move would adjust the thresholds at which individuals begin paying income tax, potentially easing financial pressure for millions. Critics may question how such a shift would be funded, while supporters argue it could stimulate economic growth. The speech marks a central plank of the party’s pitch ahead of the next general election.
The Lib Dem leader vows to raise tax thresholds if he becomes PM, in a speech to his party conference.
