A new tax settlement for Britain: Shift the burden from work to wealth. Build genuine worker prosperity. Mobilise £100-160bn in private capital annually.
Partnership through consultation. Britain's wealthiest helped design this programme. We recognise productive investment through honours, not punishment through rhetoric.
We're not adding wealth tax on top—we're shifting the burden FROM work TO capital. Income tax drops to 20% flat. Employer NIC falls to 5%. CGT and IHT abolished.
Invest productively in Britain and reduce your wealth tax. £100-160bn mobilised annually through market mechanisms. Zero taxpayer cost. Maximum economic impact.
These tax cuts aren't wishful thinking—they're paid for through comprehensive reform that shifts the burden from productivity to accumulated wealth, eliminates waste, and mobilises massive private capital. Here's the complete arithmetic:
Beyond government spending, the Programme mobilises £200-260bn in private capital annually through market incentives—zero taxpayer cost, maximum economic impact:
Progressive annual taxation on accumulated wealth over £1m:
Key point: Can be reduced to zero through productive UK investment (UKSIF/DAIS offering 40-75% tax relief). Total liability £120bn, actual cash collected £70bn after investment offsets. Excludes primary residence up to £2m and pensions until drawn.
Comprehensive means-testing using Sovereign Asset Register:
Principle: State support exists for those without alternative means. Accumulated wealth provides alternative means. Current £124bn state pension continues but targeted at those who need it.
Protected: NHS (£165bn), Defence (£50bn), Education (£100bn+) all maintained or increased.
Base rate 30%, reduced to 25% (or 20-22%) with qualifying UK investment:
Plus: Substance-based profit allocation stops multinational profit shifting. UK activity = UK taxation. Revenue impact: +£8-10bn from higher base rate, +£5-8bn from reduced profit shifting, net +£12bn after investment relief uptake.
Take-home pay comparison for £100,000 salary across major economies:
| Country | Tax Rate | Take-Home | Pension Contribution |
|---|---|---|---|
| UK (Reformed) | 20% | £70,600 | £12,000 (yours) |
| USA (California) | ~52% | £50,000 | Varies |
| France | ~54% | £46,000 | Included in tax |
| Germany | ~50% | £50,000 | Included in tax |
UK take-home: 40-60% higher than major competitors. This isn't marginal—it's transformative.
The question everyone asks: "Won't the wealthy just leave?" Here's why most won't—and why those who do still contribute:
Without an exit mechanism, entrepreneurs could: build a business in the UK, sell for £20m (paying 0% CGT), leave for 30 years (paying no wealth tax), return at age 75, die at 80, and pass £150m tax-free to children (0% IHT). That's gaming the system for three decades.
The Solution: 10% One-Time Exit Tax
IHT Abolition Condition: Only applies to UK tax residents for 15+ of the 20 years before death. Can't leave for decades then return to exploit zero IHT.
Scenario: £50m in UK Business Interests
• Business grows at 15% annually
• Pay 4.5% wealth tax (£2.25m/year)
• Net growth: 10.5% = £5.25m/year
After 5 years: £81.5m
• Pay 10% exit tax = £5m
• Invest £45m internationally at 7%
• Growth: £3.15m/year
After 5 years: £63m
Staying makes you £18.5m richer. And you benefit from 0% IHT when passing to children.
Why UK businesses grow faster: Cheap hiring (5% employer NIC vs 15%+ elsewhere), abundant investment capital (£100-160bn mobilised annually), global talent influx (40-60% better take-home pay), zero CGT on exits creates vibrant acquisition market, ecosystem effects from clustering.
Most rational wealth holders stay and get wealthier. Those who leave pay for the privilege of exiting a system that made them rich.
Continue taxing productivity at 40-45% whilst capital compounds untaxed? Or embrace renewal: Tax capital at 1.5-5%, liberate work, build genuine prosperity, and mobilise £100-160bn for national infrastructure and innovation?
The tools exist. The arithmetic works. The question is political will.