A fair deal on tax

25 Sep 2023
A smiling family with grandparents, parents and children

People across the UK are facing a cost of living catastrophe.

Soaring food, gas and electricity prices. Sky-high mortgage bills and rents.

And all this Conservative government does is make things worse.

Raising income tax for everyone by freezing the personal allowance & 40p threshold. Dragging more low-earners into paying tax.

While inflation soars, the country is paying more tax than at any time since the Second World War. 

We cannot let the Conservatives make the people who can least afford it pay for their mistakes and economic chaos.

So it would be wrong for us to raise income tax even further on families struggling to make ends meet - that’s why we won’t continue our policy to add a penny to income tax. Instead we’ve set out other ways to fund our plans for a fair deal.

We will make sure that companies that can afford to pay more in tax, do. We will reverse the Conservatives’ multi-billion-pound tax cuts for the big banks. And HMRC will be empowered to collect more of the £36bn in taxes that the Conservatives are failing to collect.

Liberal Democrats are campaigning for a fair deal, and we’ll pay for it fairly too.

A fair deal that gives everyone the opportunity to get on in life, wherever they start.

A fair deal that puts power in your hands, so you can do your bit – for your children, your community, your business and your environment.

A fair deal that holds the powerful to account, to make sure they do their bit too. Where everyone plays by the same rules.

That is the fair deal the Liberal Democrats are fighting for.




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