UK Lib Dems promise £50b ‘windfall’ from stopping Brexit

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Brexit is a “national embarrassment” and stopping it will free up £50 billion to spend on public services, United Kingdom (UK) Lib Dem leader Jo Swinson has told the British Broadcasting Corporation (BBC).

The economic boost the UK will get from staying in the EU is at the heart of the party’s manifesto plan to build a “brighter future for the people”.

The so-called “Remain bonus” would pay for 20,000 new teachers, extra cash for schools and support for the low-paid. Other proposals include a “frequent flyer” levy and 80% renewables target.

The largest single spending commitment in the 96-page document is a major expansion of free childcare,to be paid for by an increase in corporation tax and changes to capital gains allowances on the sale of assets. There are also eye-catching pledges to freeze the cost of many rail fares for five years and to legalise and tax cannabis sales to over-18s.

The Lib Dems are hoping to significantly boost their presence in Parliament on the back of their opposition to Brexit, as they target pro-Remain seats in the south of England and London held by the Conservatives and Labour.

But, Johnson aims to change National Insurance rules so workers will not have to pay it until they earn £12,500.
The Tory leader earlier said his party would put up the threshold to ensure “low tax for working people” if it wins the general election. It would be raised to £9,500 in the first budget of a Tory government, with no timetable for the additional £3,000.