{
  "id": 9160511,
  "title": "Davey promises tax cuts for millions if UK rejoins EU single market",
  "url": "https://urgent.news/2026/09/22/davey-promises-tax-cuts-for-millions-if-uk-rejoins-eu-single-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T16:09:17.000Z",
  "source": {
    "name": "BBC Business",
    "slug": "bbc-business",
    "url": "https://www.bbc.co.uk/news/articles/cj62e1wrpx73o?at_medium=RSS&at_campaign=rss"
  },
  "original_language": "en",
  "account": "Liberal Democrat leader Sir Ed Davey announced a £17 billion package of tax cuts for millions of workers during his speech at the party conference, if the UK rejoins the EU single market and customs union. In this proposal, the annual tax-free personal allowance would be increased from the current £12,570 to £15,000, and the 40p income tax threshold would rise from £50,270 to £56,000. The party claims this £17 billion package would be funded by the economic boost from rejoining the single market, and would provide a £680 cut for most taxpayers. However, it would not be fully implemented until the fifth year of a Lib Dem government. The announcement was met with applause from Lib Dem MPs and activists. The Conservatives froze the £12,570 income tax allowance in 2021, which has resulted in more people being dragged into paying tax, while Labour has resisted calls to unfreeze it. Sir Ed Davey criticized Reform UK leader Nigel Farage, accusing them of paying for tax cuts through cutting crucial support for disabled people.",
  "summary": "The Lib Dem leader vows to raise tax thresholds if he becomes PM, in a speech to his party conference.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "BBC News",
        "title": "Davey promises tax cuts for millions if UK rejoins EU single market",
        "url": "https://urgent.news/2026/09/22/davey-promises-tax-cuts-for-millions-if-uk-rejoins-eu-single-market-9162587",
        "published": "2026-09-22T16:50:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}