Raise the tax-free personal allowance to £15,000
“The Liberal Democrats will take 2.5 million people out of paying income tax altogether by raising the tax-free personal allowance to £15,000.”
- Promised
Where it stands
The Liberal Democrats are not in government, so the card stays at Promised. The release says 2.5 million people would be taken out of income tax; the leader's speech the same day says 2 million more.
What has happened
- Sep 2026The Liberal Democrats announce the £15,000 personal allowance on the last day of their conference, Promised
About the cost
The party's own figure, £17bn a year, covers the whole package (the allowance, the National Insurance threshold and the higher-rate threshold) with no split, and the release gives no year. No independent costing was found on 8 Oct 2026. Low–high is an editorial ±10% because the source gives a central figure only.
More detail
Sources (3)
How cards are checked
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Related promises
- Abolish inheritance tax on the family homeConservative PartyPromised
- Apply a windfall tax to bank profitsGreen Party of England and WalesPromised
- Raise the personal allowance to £15,000Reform UKPromised