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The Guardian - UK
The Guardian - UK
Politics
Jessica Elgot

Lib Dems to promise overhaul of capital gains tax to raise £5bn for NHS

NHS Ed Davey capital gains Cancer GPS Lib Dems Liberal Democrats
Liberal Democrat leader Ed Davey campaigns in Oxfordshire
Ed Davey said the change was ‘making tax fairer’ and the party said it would hit only the wealthiest. Photograph: Neil Hall/EPA

The Liberal Democrats are to announce plans to overhaul capital gains tax to raise £5bn for the NHS, making them the first party to announce a big tax change as part of their spending plans.

The party’s leader, Ed Davey, said the change was “making tax fairer” and the party said it would hit only the wealthiest. The party will unveil its manifesto on Monday.

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