Green Party manifesto: “It does all add up – the Financial Appendix”

How will we pay for our ambitious, fair and positive policies and proposals?

2 MINUTE BUDGET 2015 to 2020             a summary of the GPEW Financial Appendix

Our exciting manifesto of 47 items (see appendix) is costed above baseline at          £  723.0bn 

The total new income and savings is                                                    £  723.0bn

Savings                                                                 £ bns           (project 5 years        total)

  1. We will kill two outrageous vanity projects :-

# HS 2/3 (but support sensible rail projects)                                   10*              (50)

# Trident and nuclear energy                                                          30.0             (100)

  1. We will reduce the roads programme                                    7
  2. Govt efficiencies                                                                          6
  3. The rest                                                                                         3

 Total savings                                                                                    106.0

* HS2. This is based on figures in HS2’s corporate plan and doesn’t include costs of objectors consultants, studies, lobbyists, lawyers, third parties and political time over 5 years

Recovering taxes

  1. We will support Osborne’s and Ball’s new enthusiasm for recovering

unpaid taxes, and make it stick, for ever, not just for the election            90.0

Fairer greener taxes              

  1. We will tax ‘financial transactions’ at a very low rate but a very

high yield, and damp down the over-fast trading markets.                        77.0

  1. We will relentlessly seek fair contributions from the assets and incomes

of the super rich; fairly tax the so called success payments to the

financiers – obscene salaries, bonuses etc                                       87.0

  1. We will tax aviation fuel and add VAT 0
  2. We have 20 other green taxes see appendix together with the above

 Total taxation of those who can afford it                                       617.0

Fairer pay

  • We note that low wages are invested in the local economy.

High wages are invested in the global economy and in tax avoidance.

We will seek a living wage of £10 per hour thus saving tax credits   included above

  • We will set a limit on top pay of from 10 to 100 times the lowest pay in all organisations

This will enable a progressive Government to invest in a sustainable UK PLC, especially in renewable energy, and save the planet and all its passengers

 

©  John Youatt for the Derbyshire Green Party May 2015

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