A Fair Economy for Everyone

Fair, sustainable, and growth-oriented.

Together Britain Collective believes in an economy that works for people, not just profits. Our policies guarantee fair wages, ensure the wealthiest pay their share, and give small businesses the tools to thrive.

1. Overview

Our economic vision is built on practical solutions that benefit all citizens while supporting small businesses and sustainable growth. We aim to:

  • Reduce extreme wealth inequality through wealth and exit taxes
  • Guarantee a £14 minimum wage for all workers
  • Promote entrepreneurship and small business growth
  • Keep taxation fair, transparent, and growth-friendly
  • Ensure all companies pay their fair share
  • Protect low- and middle-income households via personal allowance and National Insurance reforms

2. Wealth & Exit Tax

Objective: Ensure the wealthiest individuals and corporations contribute fairly, without stifling innovation.

Wealth Tax

  • 1% annual tax on net wealth above £10 million
  • Expected revenue: £5–8 billion per year
  • Revenue used for public services, Universal Wellbeing Fund, education, and healthcare

Exit Tax

  • 10% tax on individuals or corporations transferring more than £2 million offshore in a single year
  • Expected revenue: £1–2 billion per year
  • Encourages capital to stay in the UK economy

Impact: Limits extreme wealth hoarding while funding key social programs and maintaining a healthy investment climate.

3. Minimum Wage Policy

Objective: Guarantee a living wage for all workers while supporting small business sustainability.

New Minimum Wage: £14/hour for all adults

  • Phase-in period: 2 years to allow small businesses to adjust

Support Measures for SMEs

  • Small business tax credits to offset wage increases
  • Subsidies for training, apprenticeships, and hiring costs
  • Low-interest loans for payroll expansion

Estimated direct cost: £10–12 billion/year (for ~30 million workers below £14/hour). Partially funded by wealth/exit taxes and progressive corporate taxation.

Impact

  • Raises incomes for low- and middle-income workers
  • Stimulates consumer spending and local economies
  • Helps small businesses attract and retain talent

4. Small Business Support

Small businesses are the backbone of the UK economy. Together Britain Collective will ensure policies don't stifle entrepreneurship:

  • Reduced payroll taxes for businesses with <50 employees
  • Simplified business reporting & compliance
  • Grants for innovation, green energy upgrades, and community projects
  • Access to government-backed microloans and training programs

Impact

  • Protects SMEs from rising costs
  • Encourages sustainable growth and local employment
  • Balances fair wages with healthy business profitability

5. Income Tax, Personal Allowance & National Insurance

Personal Allowance: £15,000/year tax-free.

Progressive Income Tax Rates

  • Basic: 20% (£15k–£50k)
  • Higher: 40% (£50k–£150k)
  • Additional: 45% (>£150k)

National Insurance Contributions (NICs)

  • Employer & employee NICs maintained
  • Reduced NICs for SMEs (<50 employees)
  • Temporary relief for apprenticeships and trainees

Impact: Protects low-income households, supports SME growth, and ensures contributions to NHS, pensions, and social security.

6. Corporation Tax & Tackling Tax Avoidance

Corporation Tax

  • Standard: 25%
  • SMEs reinvesting locally: 15%
  • R&D & green investment credits for innovation

Companies That Don't Pay Tax

  • Mandatory transparency & public reporting of UK taxes
  • Crackdown on profit-shifting, offshore shell companies, and loopholes
  • Fines and incentives to encourage fair contributions

Impact: Holds all companies accountable, protects small businesses from unfair competition, and maintains revenue for public services and community programs.

7. Funding & Costings

Policy Annual Cost / Revenue Notes
Wealth Tax (1% > £10m) £5–8bn revenue Funds UWF, education, healthcare
Exit Tax (10% > £2m offshore) £1–2bn revenue Encourages capital retention
Minimum Wage Increase to £14 £10–12bn cost Offset by wealth taxes + corporate & SME credits
Small Business Support (grants/loans) £2–3bn Supports SMEs during transition
Personal Allowance & NIC Adjustments Revenue-neutral Protects low/middle-income households
Corporation Tax & Compliance Measures Revenue-neutral / slight surplus Ensures fairness and growth
Net Effect Balanced or small surplus Fully funds programs, stimulates economic growth

8. Core Principles

  • Fairness

    Taxation targets the wealthiest and corporations without punishing small businesses or workers.

  • Growth-Oriented

    Policies incentivize entrepreneurship, investment, innovation, and regional development.

  • Sustainability

    Promotes long-term, resilient economic growth. Encourages green transitions and workforce upskilling.

  • Civic Responsibility

    Wealth contributes to services that benefit everyone, including education, healthcare, and community development.

  • Transparency & Accountability

    All revenue streams, taxes, and spending are tracked and publicly reported. Surplus funds reinvested in communities, innovation, and UWF.

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