ReformGrowth02
Stop taxing work twice.
Abolish employee National Insurance as a separate deduction from wages and bring employment income within one clearer progressive personal tax system, integrated with the Universal Standard Income.
ReformGrowthSecurity03
One transparent system, taxed at the margin.
A single progressive Income Tax structure with five marginal bands, designed to be read alongside the Universal Standard Income, the abolition of employee National Insurance and reform of the Personal Allowance.
GrowthOpportunity04
Make it progressively cheaper to employ people — and give businesses room to invest, grow and hire.
Manifesto 1.0 proposes gradually reducing Employer National Insurance from 15% to 10% over ten years, to reduce the cost attached to employing people, strengthen the incentive to hire, and leave businesses with more capacity to invest in their staff and their future.
GrowthReform05
Keep Corporation Tax broadly stable first — then reduce it progressively where growth and the public finances permit.
A deliberately staged approach to Corporation Tax: broadly stable while the new economic settlement is established, then progressively reduced where growth and the public finances permit, as one part of a wider pro-investment programme.
GrowthOpportunity06
Attract investment, jobs and long-term commitment to Britain.
Offer qualifying businesses relocating substantial economic activity to the United Kingdom 0% Corporation Tax for their first 24 months, in return for a genuine long-term commitment to UK investment, employment and economic activity.