LibertarianFebruaryManifesto2018

The Economy
Taxation is remains awfully high and the Conservative government
have shown themselves to be nothing but paternalists
whilst embracing the status quo of central state planning.
11.4% of the disposable income of Britain’s poorest fifth of
households is drained by government. For every eight pounds
spent by the poorest fifth of households, one pound is taken
from them in sin taxes. This is used to achieve social engineering
targets set by bureaucrats in Westminster. We will cut sin
taxes massively, taking bold action to put money back into the
pockets of the poorest in our society. Income tax is incredibly
high and we will deliver the largest tax cuts since the 80’s. We
will radically transform the British economy unleashing growth
and investment. Through liberalisation of the economy, we will
deliver high economic growth and greater prosperity for
everyone living in the United Kingdom. It’s time for bold change
and to ditch the status quo. Only the Libertarian party will do
that.
of those who need it most.
Vehicle Excise Duty will be abolished. This a punitive tax and
reduces labour mobility and work incentives. It hits everyday
working people. It is not a tax which takes into account a
person's use or circumstances and this is fundamentally unfair.
We will oppose any more regressive taxes such as the
proposed fat or sugar tax by the Conservatives. The government
does not know best and should never enforce lifestyle
choices upon it’s citizens.
We will Cut VAT to a flat rate of 15% and abolish the bureaucratic
rebate system. We also pledge to cut the distributed
profits tax to 15%.
We propose a radical reform of income tax, the biggest tax
cut in modern history. Our plan is as follows:
Taxable Income
Tax Rate
£0-£20,000 0%
We will cut tobacco duty and fuel duty by three quarters. We
will launch a review into the revenue these taxes raise compared
to their net negative externalities to ensure fair taxation
and to protect our poorest. We will also establish a 9p flat rate
of tax on alcohol to fix the broken system, this will cover
negative externalities and will put money back into the pockets
£20,000-£75,000 10%
£75,000-£150,000 20%
£150,000+ 30%
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