They published research from the Commons Library showing more than half-a-million more Londoners will pay the 40p rate by 2027/28 due to the freeze on the threshold for paying this levy, compared to if it rose with inflation.
For the capital’s commuter belt and wider South East, the number affected would also be 550,000.
The Lib-Dems also stressed the research showed almost £10 billion of the £28.6 billion of additional tax revenue in 2026-27 for the Treasury due to freezing income tax thresholds will come from London and the South East.
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