A complete redesign of the UK tax system: simpler, fairer, and revenue-neutral.
Taxing wealth and pollution more than work
| Taxes abolished | |
|---|---|
| National Insurance (employee & employer) | £200.6bn |
| Council Tax | £50.2bn |
| Business Rates | £26bn |
| Fuel Duty | £24bn |
| Vehicle Excise Duty | £7bn |
| Inheritance Tax | £7.5bn |
| Total | £315bn |
| New revenues | |
|---|---|
| Reformed Income Tax (£25k allowance, all income taxed equally) | £248bn |
| Land Value Tax (2% annually on land value) | £150bn |
| Progressive Wealth Tax (0.8-5.3% on wealth above £100k) | £84.75bn |
| Carbon Tax (£130 per tonne across economy) | £53.5bn |
| Road Pricing (distance-based, replaces VED) | £28bn |
| Corporation Tax (reduced to 20%) | £60bn |
| Other (Digital services, exit tax, financial transactions, luxury VAT) | £30.5bn |
| Total new revenue | £654.75bn |
| Less current income tax (£230bn) and corporation tax (£70bn) being replaced = £354.75bn net additional revenue | |
| Minus taxes abolished | -£315bn |
| Surplus | £39.75bn |
The Results
75-80%
of households better off
800k-1.1m
jobs created over 4 years
22%
carbon emissions reduction by 2030
£40bn
surplus for green investment
Before & After Comparison
| Measure | Current System | Reformed System |
|---|---|---|
| Tax on work | Employee NI: 12% Employer NI: 13.8% |
Both abolished |
| Income tax allowance | £12,570 | £25,000 (doubled) |
| Wealth tax | None (only IHT on death) | 0.8-5.3% annually on wealth >£100k (farms exempt, stagnant assets can defer) |
| Property tax | Council tax (1991 valuations) | Land value tax (2% annually, current values) |
| Carbon pricing | Fuel duty only (£24bn) | Comprehensive £130/tonne (£53.5bn) |
| Complexity | 11 separate tax systems | 6 core taxes |
Who Wins
Working families: +£7-13k/year (NI abolished + higher allowance + council tax gone)
Small businesses: Massive hiring incentive (save £4,500 per £30k employee)
Young people: Lower rents, more jobs, doubled tax-free allowance
Most pensioners: Council tax abolished, wealth tax deferred if needed
Farmers: Agricultural land exempt from wealth tax, only 0.25% land tax
The environment: 22% emissions cut, green investment funded
Who Pays More
Top 5-10% by wealth: Progressive wealth tax (1.5-5.3%)
Landlords & property investors: Wealth tax + land tax combined
High-carbon users: Carbon tax on heating oil, frequent flying, high mileage
Ultra-wealthy (>£10m): 4-5.3% annual wealth tax
The Timeline
Year 1 (2026): Abolish employee NI, introduce wealth tax and carbon tax
Year 2 (2027): Abolish employer NI, replace business rates with land tax
Year 3 (2028): Replace council tax with residential land tax
Year 4 (2029): Full system operational, road pricing national rollout