Putting more money in your pocket
Raise the Income Tax Threshold to £20,000
No one should pay income tax on the first £20,000 they earn. This will take 7 million of the lowest-paid out of income tax completely, saving the average worker almost £1,500 a year.Higher Rate from £70,000
Reward hard work by raising the higher-rate threshold, letting people keep more of their earnings.
Abolish Inheritance Tax for Estates Under £2 Million
Protect family homes and businesses from being sold off to pay the taxman.
Cut Stamp Duty
0% below £750k, 2% from £750k to £1.5m, and 4% above £1.5m — boosting home sales and economic activity.
Backing Business and Jobs
Raise the VAT Threshold to £150,000
Take more small businesses out of VAT altogether.
Abolish Business Rates for High Street SMEs
Level the playing field with a 4% online delivery tax on big multinationals.
Cut the Main Corporation Tax Rate to 20% (and then to 15% within three years) to make Britain one of the most competitive economies in the world.
Free 1.2 Million SMEs from Corporation Tax
Lift the minimum profit threshold to £100,000 so small and medium-sized businesses can grow without being taxed into the ground.
Cut the Main Corporation Tax Rate to 20% (and then to 15% within three years) to make Britain one of the most competitive economies in the world.
Abolish IR35
Give self-employed people and contractors the freedom to work without punishing red tape.
Cutting Government Waste
Save £5 in Every £100 Spent in all government departments without touching frontline services — saving £50 billion a year.
Stop Paying Bank Interest on QE Reserves — saving £35 billion a year.
Halve Foreign Aid to focus on Britain’s priorities, saving £6 billion annually.
Collect Unpaid Tax by fixing HMRC’s failures and enforcing the rules.
The Result
This plan will:
Boost wages and job creation.
Cut the cost of living.
Make Britain a magnet for investment and enterprise.
Reduce the tax burden on working families and businesses.
Fund better public services without raising taxes.
We believe the people of Britain know best how to spend their own money. Our economy should reward hard work, back risk-takers, and give every citizen a fair chance to get ahead.
