Full Policy Costings & Debt Overview
Balanced, fair, and transparent fiscal planning for 2026 and beyond.
Together Britain Collective's policies are designed to benefit citizens, support small businesses, fund essential services, and maintain fiscal responsibility, while taking existing government debt into account.
1. Current Government Debt
- UK National Debt (2026 estimate): £2.5 trillion
- Debt-to-GDP Ratio: ~100%
- Annual Debt Servicing Costs: £80–90 billion (interest payments only; principal repayment spread over decades)
Implication: Policies must fund themselves and avoid increasing debt, while servicing ongoing obligations.
2. Revenue Policies & Estimates
| Policy | Annual Revenue | Notes |
|---|---|---|
| Wealth Tax (1% on net wealth > £10m) | £5–8 billion | Funds Universal Wellbeing Fund (UWF), education, healthcare |
| Exit Tax (10% on transfers > £2m offshore) | £1–2 billion | Encourages capital retention |
| Progressive Income Tax | £150–160 billion | Personal allowance £15k; protects low-income earners |
| National Insurance Contributions (NICs) | £130–140 billion | Employer/employee contributions; SME relief included |
| Corporation Tax | £50–55 billion | Standard 25%, SMEs reinvesting locally 15%, innovation/green credits |
| Council Tax Replacement – 0.25% of Property Value | £20–25 billion | Fully replaces traditional council tax; funds local services |
| Stamp Duty Reform | £10–12 billion | Progressive rates; first-time buyer relief offset by higher rates on larger/non-first-time purchases |
| Wealth & Corporate Compliance Measures | Revenue-neutral / slight surplus | Crackdown on tax avoidance and non-paying companies |
| VAT & Other Indirect Taxes | £60–65 billion | Kept stable; avoids burdening consumers |
Total Revenue: ~£426–470 billion/year
3. Expenditure & Program Costs
| Program | Annual Cost | Notes |
|---|---|---|
| Minimum Wage Increase to £14/hour | £10–12 billion | Phased in 2 years; partially funded by wealth/exits taxes and SME credits |
| SME Support (grants, loans, training) | £2–3 billion | Reduces costs for small businesses during minimum wage transition |
| First-Time Buyer Support | £5–6 billion | Includes stamp duty relief, low deposit loans, matched savings, shared equity programs |
| Regional & Local Development Programs | £5–7 billion | Local infrastructure, training, and advisory services |
| Green Transition & Innovation Incentives | £3–4 billion | R&D, renewable energy, and community green projects |
| Workforce Development & Apprenticeships | £2 billion | Skills training, upskilling programs, and youth employment initiatives |
| Universal Wellbeing Fund & Social Programs | £5–6 billion | Health, education, local initiatives |
| Debt Servicing Costs | £80–90 billion | Interest payments on existing government debt; ensures fiscal responsibility |
Total Expenditure: ~£112–128 billion (new/focused programs) + £80–90 billion (debt servicing) = total ~£192–218 billion
Other standard government spending is funded by broader tax revenues; our policies are designed to be budget-neutral or slightly surplus-generating.
4. Net Effect & Surplus
Balanced Budget: Policies fully funded through progressive taxation, corporate contributions, wealth/exit taxes, and property-based contributions.
Projected Surplus: ~£1–2 billion/year for reinvestment in community programs, green innovation, and pilot initiatives.
Example impacts
- £250,000 first-time buyer → £0 stamp duty, eligible for low deposit loan and matched savings
- £150,000 property → £375/year council tax replacement
- £600,000 property → £1,500/year council tax replacement + progressive stamp duty
Even with existing debt obligations, Together Britain Collective's plan is fiscally responsible, fair, and sustainable.
5. Core Principles Behind the Costings
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Fairness
Everyone pays proportionally; low- and middle-income households protected.
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Growth-Oriented
Stimulates small businesses, entrepreneurship, and local economies.
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Sustainability
Investments in green energy, workforce training, and regional development.
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Transparency
Revenues, expenditures, and surpluses are tracked and publicly reported.
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Debt-Conscious
Policies are designed to service debt without increasing fiscal pressure.
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Community-Focused
Surpluses reinvested in health, education, housing, and civic programs.
See How It Affects You
Enter your details to see estimated contributions and benefits.
Council tax (0.25%): £375/year
Income tax: £4,000 · NICs (approx): £2,700
Stamp duty: £0
Wealth tax (1% above £10M): £0