Economy

The UK economy has potential to generate far more jobs and activity. The approach taken will be to end unfair electricity pricing, expand industry like manufacturing and aviation, distribute growth regionally, and become more self sufficient.

The UK often pays gas prices for all of our electricity (including cheap renewables) due to marginal pricing. The policies to fix this are:

Changing the pricing system from marginal pricing to reflective pricing by expanding CfDs using Ofgem
Streamline automatic approvals for the construction of energy infrastructure with viable planning to ensure grid connections

Private water companies have continued to rip off the taxpayer and this needs to end:

End taxpayer funded bailouts, stop arranging emergency funding, and enforce regulations strictly against water companies.

British manufacturing is not what it used to be. We need to lead at the forefront of this robust industry again:

Invest in new manufacturing capacity to capitalise on newly cheap electricity prices
Prioritise critical sectors like semiconductors, aerospace, and pharmaceuticals.

The UK must lead forward in agricultural innovation:

Investment in hydroponics to increase the amount of food produced in the country, produce food we usually couldn't, and reduce reliance on imports.

Small business, regional industry, and workers are at the heart of the UK economy. They must be given a fair chance to grow and succeed:

Street trading licenses to be given to reduce friction in entrepreneurship and put downwards pressure on commercial rents
Implementing a regional growth model where each region has a speciality industry (e.g. the West Midlands would have high levels of manufacturing investment as Birmingham is historically a manufacturing centre, Edinburgh would be academic AI)
Offer professional qualifications like the Care Certificate and CSCS (construction card) free of charge to boost supply of skilled workers.
Reducing the friction in creating worker co-operatives and the conversion of companies into co-operatives through lowering registration costs and giving workers a first right to raise capital to acquire a company when it is being sold, with favourable tax treatment for sellers if a company is sold to become a co-operative.

The UK is already well-connected as an aviation centre and it can be better:

Expand airports to grow the UK as an air traffic hub, giving more options to travel as well as boosting the aviation industry.

The education industry is a strong export of the UK, with our range of quality institutions:

Expand international student visas subject to housing availability. They bring high levels of tuition fees and spending into the economy, better funding research.

Taxes underpin public spending and must be the fairest deal for the working while providing the most benefit in public services:

Equalise CGT and dividends tax with income tax. Passive income should not have favourable tax treatment to going out for a hard day of work.
Equate asset loans to income for tax purposes. Wealthy people avoid paying their share of tax by taking out loans against their assets rather than selling them to have cash flow.
Add a Land Value Tax with primary residence and agriculture exemptions to end land and property speculation.

Economics is not neutral. There are ethical and unethical ways to pursue growth, and it is our responsibility to ensure the least harm and the most benefit:

Ending all arms exports and eliminating imported products made from supply chains that involve slave labour.
Invest in rewilding valuable British green land to promote biodiversity, bringing back the British landscape and providing green jobs.

Make the London Stock Exchange the most competitive market. The financial sector in the UK makes up over 8% of GDP and is a good place to innovate in. Policies include:

Moving towards T+0 settlement clearing.
Implementing 24 hour trading.
Offering dual class shares to attract more listings.
Reforming listings to be more frictionless and appealing to companies.
Replacing the 0.5% SDRT (Stamp Duty Reserve Tax) on stock transactions with the equalisation of Capital Gains Tax and dividends tax with income tax, raising 5 times the tax revenue while boosting liquidity and trading activity.

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