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How to fix the UK economy in 7 steps

The UK faces a complex economic challenge: inflation is eroding real incomes, growth is slow, public debt is high, and inequality remains extreme. Meanwhile, a small number of wealthy individuals hold substantial assets, contributing less than their fair share to public services. This plan outlines how we can stabilize the economy, invest in people and infrastructure, and ensure fairness — all explained in clear terms.

1. Fair Contribution from the Wealthiest

What we propose:

  • Introduce a modest wealth tax on the richest individuals, with exemptions for small businesses and essential savings.
  • Close loopholes on capital gains and multinational profits.
  • Use the additional revenue for public services, housing, and green projects.

Why this matters: Wealth is highly concentrated. Without fair contribution, ordinary citizens bear the brunt of public funding. This step ensures equity and generates resources for growth-enhancing investment.

2. Investing in Jobs and Skills

  • Create new employment through targeted public investment in green energy, infrastructure, and emerging technologies.
  • Expand apprenticeships and adult retraining programs for industries undergoing change.
  • Offer wage incentives for businesses hiring and upskilling workers in high-demand sectors.

Why this matters: Sustainable growth comes from skilled, productive workers. By training people for the jobs of tomorrow, we increase national productivity and reduce long-term unemployment.

3. Protecting Families and Workers

  • Index benefits to inflation to maintain real income for low- and middle-income households.
  • Support working families with childcare and healthcare assistance.
  • Strengthen labour protections, including fair pay and workplace safety.

Why this matters: Economic stability is meaningless if families cannot meet basic needs. Protecting workers ensures a resilient and fair labour market.

4. Affordable Housing

  • Develop affordable housing on public land for purchase or rent.
  • Streamline planning for brownfield and community-led housing projects.
  • Reduce speculative investment in property that drives up prices.

Why this matters: Housing affordability directly affects living standards and economic mobility. Without supply-side reform, families are trapped in high rents or unaffordable mortgages.

5. Corporate Accountability

  • Ensure large corporations pay fair taxes and comply with anti-avoidance rules.
  • Introduce executive pay disclosure and worker representation requirements.
  • Condition public funding on meeting labour and environmental standards.

Why this matters: Large corporations shape the economy. Accountability ensures their power benefits society, not just shareholders.

6. Investing in the Future

  • Fund green energy, home retrofits, and infrastructure upgrades.
  • Support research, development, and industrial innovation in strategic sectors.
  • Expand skills and training programs to prepare the workforce for future challenges.

Why this matters: Long-term economic growth depends on modern infrastructure, technological innovation, and a skilled workforce.

7. Fiscal Responsibility

  • Implement a medium-term fiscal plan to gradually reduce deficits while protecting investment and essential services.
  • Maintain transparent reporting of borrowing and spending.
  • Keep an emergency fiscal buffer to respond to unexpected shocks.

Why this matters: Responsible fiscal management ensures confidence in the economy, keeps interest costs manageable, and avoids abrupt austerity that harms families.

8. How This Helps Everyday People

  • Reduces the pressure of rising living costs on households.
  • Creates more jobs and training opportunities across regions.
  • Provides access to affordable housing and better public services.
  • Ensures the wealthiest contribute fairly, reducing inequality.

Next Steps

  • Introduce and enforce the wealth tax.
  • Launch housing, green energy, and infrastructure projects.
  • Expand training and apprenticeship programs nationwide.
  • Implement fiscal rules to manage debt while protecting essential services.

This plan is designed to be transparent, fair, and sustainable. It combines investment in people and infrastructure, fiscal responsibility, and fairness in wealth distribution to build a stronger, more resilient UK economy — one that works for everyone, not just the privileged few.

Send this to your MP.

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