Treasury 'not a fan of ring-fencing tax take'published at 13:38 British Summer Time 17 May 2017
The Guardian
The Guardian has been picking through some Lib Dem promises, external in key policy areas.
On the promise to put a penny on income tax to fund health and social care, home affairs editor Alan Travis notes: "The Treasury has always been hostile to the principle of hypothecated taxes - tying money raised in general taxation to one specific purpose - and the Lib Dems may face a battle to keep the proceeds ringfenced."
He also points out that the Lib Dems' early years proposal offers only 15 hours free childcare to all two-year-olds - half of Labour’s promised 30 hours.