Economy

Nationalise BT OpenReach

BT OpenReach owns and operates most of the UK Internet infrastructure In theory it does not benefit BT group above other users, but the distinction is often dubious. BT OpenReach would become a regulated utility like National Grid, Transco & Network Rail. This would ensure investment money is not wasted 

Oppose the Transatlantic Trade and Investment Partnership (TTIP)

TTIP has been negotiated in secret, and even elected representatives have been excludedLeaked drafts indicate that TTIP will favour big businesses at the expense of democracy. We are opposed to the proposal of ISDS. We would oppose TTIP and the related Comprehensive and Economic Trade Agreement (CETA). 

Scrap HMRC customs charges for goods delivered to private addresses

Purchasing items from abroad may currently lead to customs charges and post office handling fees that exceed the price of the goods. We would scrap HMRC customs charges for goods delivered to private addresses.

Scrap Pensioner Bonds

Pensioner bonds are a direct transfer of government funds to wealthier pensioners and they have been criticised as a pre-election bribe for over 65s. We would scrap these bonds. 

Eliminate the 'Help to Buy' Scheme

The 'Help to Buy' scheme is artificially inflating the price of new houses in the UK. This is keeping house prices higher than the natural market price. A free market approach to house prices would be fairer for all. 

Adopt rent controls

Renters are under enormous pressure, and rent rates are contributing to the housing crisis. We would prohibit rent rises from exceeding inflation. 

Keep public money out of tax havens

Companies whose tax structures shifts their tax payments abroad or to tax havens would be excluded from winning public sector contracts. 

Reduce the ISA allowance to £5000

The current ISA allowance per family is higher than the median family's total income. Only the very wealthy are able to take advantage of the full allowance. A reduced allowance of £5000 would mean most earners' savings would still be tax free. 

Seek an exemption from digital service VAT rules for small businesses

New VAT regulations for digital services were introduced in January 2015. The VAT rate is now determined by the buyer's location; up to 75 different rates apply. This is an obvious burden on business and innovation. We would ask the European Commission to reduce administrative burden on small businesses.

Regulate letting agents

There is no current statutory regulation of private sector letting agents. New statutory regulation would be introduced that all agents would be required  to observe. This would include an independent ombudsman and a mandatory code of practice. 

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