This key pledge has been abandoned in the wake of government promises to raise education spending by £13bn a year from a penny increase in national insurance.
Instead the party will now focus on reducing central government control on the way public money is spent, particurlarly how NI contributions are distributed to the NHS, and the devolution of health responsibilities to the regions.
An official for the party told the FT: ‘We are not a tax-and-spend party. The money is now there – the question is how it is spent.’
The Liberal Democrats national conference takes place from the 22 to 28 September in Brighton.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy