Whilst those in the media world and the Westminster bubble speculate about the future of our party leader, Ed Davey, Ed focused on what matters most – a plan to end the squeeze on middle-income earners, put hundreds of pounds back in the pocket of millions of people, and take ordinary workers out of paying the higher tax rate that was designed for stockbrokers.
Ed announced that the Liberal Democrats would raise the tax-free personal allowance to £15,000 and increase the higher rate threshold from £50,270 to £56,000. He said that would mean taking two million more people out of paying tax altogether and giving most taxpayers a £680 tax cut.
£680 doesn’t sound like much to some people, but to others, it means a great deal more – carers doing early morning calls and spending a chunk of their wage keeping a car on the road. Lads on nights in the warehouses off the M62. People on the tills doing 30 hours and still checking the banking app before they go shopping. Taxi drivers who’ve watched fuel, insurance and licence costs go up while fares haven’t kept pace. For them, £680 is a couple of months of gas and electric. It’s school shoes without putting them on a card.
What gets me is that many of these people have been paying more tax for years without anyone announcing it. The allowance has been frozen, so when your wage goes up just to keep up with prices, more of it gets taxed. You don’t feel any richer, but you pay more. Under the current plans that freeze runs until 2031. Ed’s plan would lift it.
He didn’t pretend this is only about low earners, either. The higher rate change helps people on better wages, and some will say that’s where a lot of the money goes. That’s a fair point. But in towns and cities across our nation, the people creeping over £50,000 aren’t bankers. They’re senior nurses, teachers who’ve moved up to deputy head, engineers who’ve been with the same firm for twenty years. Ed said a ‘tax band designed for stockbrokers is now holding back teachers and nurses’, and I think most people would recognise that.



Greetings from somewhere close to Brighton Beach. Admittedly, the Brighton Beach at the end of the B Line from the Bronx, through Manhattan to Queens, but close nonetheless.





