The economy is key to all of our plans. We must implement a new economic model. One not based on the ELITE using it as their personal casino but one based on heavy manufacturing, energy production, resource extraction and productivity. Our economy relies on the continuous flow of money; this flow cannot happen if the money is in the hands of the government or the ELITE. We must implement the lowest taxes in the industrialised world and give people the confidence to spend their hard earned money within our nation.

I have stated that our economy must become the largest in Europe. This is the only way we can achieve our goals and the only way we can end the Cost of Living Crisis.

A New Economic Model

  • The outdated Monday-Friday 9am-5pm does not work, those working in trades and our vital services do not work this pattern. This “norm” must change to one that suits our New Dawn. We need a fluid working pattern, one that prioritises productivity and efficiency not attendance and box ticking. We will work with every industry to achieve the best work-life balance.
    • 10-3 for mother's returning to work.
    • Part-time work and education for those re-training.
    • Four days working and one day training for apprenticeships.
    • A 24/7, 3 shift (8 hours) work pattern for our manufacturing, energy production and resource extraction.
    • Significantly more people will be required to work from home. We need our motorways clear for the movement of goods.
  • We need a million strong workforce that will be retrained to focus on manufacturing, energy production and resource extraction.
  • The state will be heavily involved in our new economy, the free market will not deliver what we need. The state will pull back once we have established the new model.

Taxation

  • Taxation on income must be all but abolished in the long run
    • We must raise the tax threshold to £20,000 per annum – rising to £25,000 after the Five Year Plan. This will remove all minimum wage employees from paying tax and it will significantly benefit every worker and business owner.
    • Taxation must end at the retirement age. They have paid enough into the system.
  • Tax must be removed entirely on fuel and all sources of energy
    • Half of the cost of the fuel you put into your tank is tax, imagine the economy we could fuel with this cost abolished.
  • Council Tax is just another name for the Poll Tax. It must be abolished, saving every household thousands of pounds a year. The shortfall in council spending must come from both achieving savings in local councils and funding from central government. This must be abolished by the end of the Five Year Plan.
  • Inheritance Tax, a literal tax on death, must be abolished. This wealth destroying tax significantly impacts the next generation by denying them 40% of their parents/grandparents estate when it is over £325,000. It is a tax on money already taxed multiple times, it makes everything you have worked your life for just another cash generator for the government.

Business Rates & The Highstreet

  • Business Rates are one of the leading causes of the downfall of our highstreet. They must be cut in half immediately, then abolished for all non-chain British owned businesses.
  • Dividend and corporation tax are one of the leading causes for the downfall of our businesses. Why do you think so many people are moving to Dubai and other low/no tax nations? These anti-business taxes will cut. Dividend tax will be cut to 8% and Corporation Tax will be cut to a flat 19% for now. They will be cut further in the future.
  • Businesses will be offered tax cutting incentives: build a new wing on the local hospital, replace the roof on a school, create a new park. We will cut your tax bill.

Seaside Towns

  • Our seaside has been abandoned for destinations in Spain and further afield. However, with our hotter spring and summers our seaside destinations can make a comeback.
    • They will need significant investment which will be provided by both government backed grants, interest free loans and private investment.
    • Piers, hotels and other key infrastructure will be built by private investment.
    • Tax will be removed for those staying in hotels in these areas.

National Wealth Fund

  • We will create a National Wealth Fund, similar to the one in Norway. The money for this fund will come from our nationalised industries/natural resources and our overseas investments. The goal is that this fund totals £1 trillion.