UK’s Liberal Democrats Drop Pledge to Increase Income Tax

The UK Liberal Democrats dropped a pledge to raise income tax as Britain’s traditional third party seeks to attract Tory voters ahead of a general election expected next year.

“I don’t think it’s credible for any opposition party to raise the tax burden more than the Conservatives are doing, which is quite shocking,” party leader Ed Davey told the BBC on Monday, rowing back from their previous promise to raise income tax by one percentage point. “We’re in a cost-of-living crisis, people are really struggling with their bills, the last thing they need is more tax rises.”

Davey’s party is ...