PHASE 1: Foundations (Years 1–5)
Goal: Build revenue, increase trust, stabilise the economy
Key Actions:
- Introduce a reformed progressive income tax system
- Fairer brackets (0–60%) based on ability to pay
- Remove personal allowance “cliff-edge”
- Tax capital gains and dividends at the same rate as income
- Introduce a wealth tax on net assets over £10 million
- Close tax avoidance/evasion loopholes with robust digital reporting and compliance enforcement
- Invest in HMRC capacity to improve enforcement and transparency
- Begin gradual public buyback of water and power infrastructure
- Pilot free basic electricity for low-income households
Financial Impact:
- Raise additional £60–100 billion per year
- Reduce the national deficit to under £250 billion annually
- Lay the groundwork for future budget surpluses
PHASE 2: Access & Equity (Years 6–15)
Goal: Guarantee access to basic needs, reduce inequality, and create surpluses
Key Actions:
- Roll out universal free water and free electricity for all households
- Funded from taxation reforms, climate levies, and redirected subsidies
- Infrastructure owned and operated publicly or not-for-profit
- Launch a national programme for home energy efficiency upgrades
- Create a Green Sovereign Wealth Fund to invest surpluses in renewables, infrastructure, and regional development
- Expand digital public services to improve efficiency and inclusion
- Continue reduction of the national debt through fiscal surplus
Financial Impact:
- Generate annual surpluses of £30–50 billion
- Maintain universal services at an estimated cost of £40–50 billion per year
- Strengthen domestic economic resilience and long-term prosperity
- Debt-to-GDP ratio falls to approximately 75%
PHASE 3: Transformation & Stewardship (Years 16–35)
Goal: Embed fairness, achieve long-term sustainability, and reduce national debt
Key Actions:
- Expand publicly-owned renewables and energy storage systems
- Establish National Water and Energy Councils to oversee sustainable, fair delivery
- Legislate a Universal Access Guarantee for water, electricity, housing, and digital access
- Explore a Citizen Dividend funded by national renewable profits
- Implement targeted investment in regional economic regeneration
- Prioritise education and healthcare to support innovation and wellbeing
Financial Impact:
- Sustained annual surpluses of £50–75 billion
- National debt reduced to below 30% of GDP
- Free essential services protected by law and widely accepted as untouchable foundations of a fair society
Structural Protections for the Plan
To prevent future governments from reversing or weakening the plan, the following constitutional and legal protections should be enacted:
- Enshrine the principles of universal access to water and electricity in law, with repeal requiring a public referendum
- Require a two-thirds parliamentary majority to amend core taxation and public ownership policies
- Establish an independent Fiscal & Social Justice Oversight Authority with legal powers to challenge regressive reforms
- Mandate annual transparency reports on fiscal fairness, tax contributions by income group, and service access statistics
- Include sunset clauses for emergency exceptions, ensuring they automatically expire or revert to baseline protections
These structural safeguards are designed to ensure that future modifications to the system must be for the public good and cannot undermine the principles of fairness, universal access, or sustainability without democratic consent.