UKIP, and the United Kingdom, are at a crossroads.
One way for the Kingdom to proceed is to carry on ahead: over the cliff to bankruptcy and conflict under Labour or missed opportunities under the Conservatives. As for UKIP it is already over the cliff and will stay there if it carries on ahead.
The alternative I propose is a reformation for the sake of wealth creation and a return to UKIP's roots by which I mean the politics of individual liberty. I stand for the idea that "the government is best which governs least." I state the costs and benefits, to public finance, of this course. This material gives you grounds on which to determine if my candidacy to lead UKIP and reform it so as, in turn, to reform the Kingdom merits a donation from you.
I leave Labour and Conservatives, like two bald men fighting for a comb, to squabble over how to divide up the pie of national wealth while we concentrate, instead, on freeing the nation to become richer.
Sixty four per cent of families in the UK receive one benefit or another. Instead of a society of dependents I want to see one in which as many people as possible stand on their own two feet and all obstacles to this happy outcome are removed.
By the end of her reign the first Queen Elizabeth’s age was known as “golden”. A golden age is within our reach if we recreate the adventurous spirit that prevailed five hundred and fifty years ago and enough of us reach for the heavens. Rather than feed a culture of fear and envy let us grow one of glorious ambition and hope.
WEALTH CREATION: A UKIP LEADERSHIP ELECTION MANIFESTO FROM AIDAN POWLESLAND
UNILATERAL DECLARATION OF FREE TRADE
- Open the Kingdom to trade from anywhere forthwith without tariffs or restriction and thereby get the best value for money when buying anything.
- Increase the advantages of work over doing nothing by a £113 billion per year (40%) reduction in government spending on welfare.
DEFENCE AND FOREIGN POLICY (see acupblog.wordpress.com)
- Subject to greater offsetting cuts elsewhere increase defence spending by £32 billion (90%).
- Recruit 16,000 extra regular infantry and one extra heavy cavalry (armoured) regiment. Deploy 1,000 extra infantry to the Falklands (not in a spirit of nostalgia but with a view to protecting a strategic deterrent base to be built there) and 15,000 infantry and two heavy cavalry regiments to our allies in eastern Europe.
PART-SELF-FINANCING TAX DEDUCTIONS AND REFORMS
- Merge business rates and council tax and, setting the unified tax at the level of council tax, thereby lower business rates by 80%. Unifying these two taxes would remove the tax incentive property owners have to use land unproductively.
- Abolish corporation tax this cut is designed to partly (20%) pay for itself by generating increased (other) business tax revenue from increased foreign investment.
- Merge National Insurance and Income Tax.
- Implement £11 billion of other tax cuts designed to boost the economy
MAKE UNHELPFUL GOVERNMENT REDUNDANT
- Make selected parts of government redundant by a five point programme saving £29 billion per year.
HOUSING REFORM (see acupblog.wordpress.com)
- Through three measures (including replacement of the 1947 Town and County Planning Act with a reformed system of tort) lower the price of buildings over fifty years by 70%, convert disused buildings into 600,000 residences forthwith at no cost to taxpayers and make big housing developments harder in the face of merited local opposition.
REPEAL 80% OF EMPLOYMENT REGULATIONS
- Since 1963 governments have passed twenty clusters of legislation which have taken away people’s freedom to contract at will in favour of a swathe of regulatory instructions that are discouraging people from starting new small businesses - the engine of job creation. These regulations have been passed to protect employees but do not. I estimate that the cost of these regulations in 2017 is £60 billion per year (£30 billion in direct costs and £30 billion in businesses still-born).
- By offering, to any private school willing to create one free scholarship place for every paying pupil, part of the cost of the scholarships increase the proportion of school children at private schools, reduce the cost of state schooling and accelerate upward social mobility.
- Subject to a university charging, without cap or loans, one out of nineteen paying students offer part of the cost of scholarships, to any university willing to create one free scholarship for every nineteen fee paying students. This could accelerate upward social mobility, reduce the cost of higher education to the public purse, introduce some real world pressure into the university bubble, make universities richer and raise student standards.
- UKIP MPs to not be subject to a party whip so that they may put their own conscience and the wishes of their constituents first.
- Offer (for the cost of a passport), if an EU country will offer dual citizenship to all UK citizens living in it, to reciprocate with dual citizenship for all its citizens living in the UK with this offer to apply to any living in the UK (or the EU) as at 15-Mar-2019.
IMPROVE RELATIONS WITH SELECTED NATIONS BY BOOSTING THE BRITISH TOURIST INDUSTRY
- Abolish visa requirements for tourists from the Russian Federation and the Chinese People’s Republic so long as the counter-party reciprocates in kind.
- Dismantle the traffic controls which are costing the UK’s vehicle owners £514 per year each mostly in the form of 37 hours per year on average stuck in avoidable traffic jams.
- Cancel HS2
INNOVATION (see acupblog.wordpress.com)
- Offer £0.23 billion worth of prizes, in the form of share capital, to the companies that win competitions to design a crewed interstellar colony ship and two unmanned projects arising.
- Offer £1.00 billion worth of prizes, in the form of share capital, to the company that wins a competition to profitably mine the asteroid belt for platinum, so long as they do so by 2024 and so long as they construct, in Cislunar space not on earth, a variable specific impulse magnetoplasma rocket to do the mining.
- Offer £0.04 billion worth of prizes, in the form of share capital, to the company that wins a competition to convert the ML86X design, or equivalent, into a flying aircraft carrier primarily for the Royal Navy.
SAVE THE KINGDOM FROM BANKRUPTCY
- End £1,500 per second of rising government borrowing and achieve an £11 billion per year government surplus, after interest payments, by a programme of 25 measures.
PROPOSED ANNUAL BUDGET CHANGES IN NUMBERS
SPENDING REDUCTIONS IN BILLIONS OF POUNDS
•1 FROM WELFARE 113
•2 FROM ADMINISTRATION 29
•3 FROM INFRASTRUCTURE 10
REVENUE INCREASES IN BILLIONS OF POUNDS
•4 SUB-SUB-TOTAL 28
•5 FROM INTEREST SAVED 7
SUB-TOTAL GROSS IMPROVEMENT IN PUBLIC FINANCE 187
SPENDING INCREASES IN BILLIONS OF POUNDS
•6 Defence 32
•7 Innovation 5
•8 Secret and Police Services 2
TAX REDUCTIONS IN BILLIONS OF POUNDS
•9 Corporation Tax 56
•10 Business Rates 21
•11 Green Taxes 4
•12 Fuel duty reduction of 20% 6
• 13 TV License Fee reduction of 25% 1
SUB-TOTAL COST TO PUBLIC FINANCE 127
NET IMPROVEMENT IN PUBLIC FINANCE TOTAL 60
•1: Withdrawal of the state pension from the 40% of state pensioners with the largest gross income, namely, those with a gross income of £35,000 p.a. or more (£45 billion). Abolish tax credits (£27 billion). Benefit capped at 70% of what would be earned full time on the minimum wage, namely, £10,500. Most of the impact of this would be in reduced housing benefit. Withdrawal of the state sickness and disability pension from the 30% of state pensioners with the largest gross income, namely, those with a gross income of £43,000 p.a. or more (£13 billion). End child, maternity and paternity benefit (£11 billion). Withdraw winter fuel allowance from those 30% with the largest gross income, namely, £43,000 p.a. or above (£1 billion).
•2: Make all parts, with the exception of the Department of Nuclear Decommissioning, of the Ministry of Business, Industry and Industrial Strategy redundant (£13 billion). Make the Ministry of Overseas Aid redundant (£13 billion). Make the Ministry of Sport, Tourism and Heritage redundant (£ 1 billion). Reduce the Ministry of Environment, Farming and Rural Affairs by 40% while within that reduction doubling capital spending on flood defences from £0.4 billion to £0.8 billion (£1 billion).
•3: End Housing development spending (£7 billion). Reduce spending on the BBC by 50% (£2 billion). End HS2 (£ 1 billion). The saving on HS2 is relatively small as the project is not spending at the rate it will do.
•4: End capital gains tax exemption on the sale of a primary residence that has not been heavily sublet out (£15 billion). Charge £15 for a doctor's visit (£2 billion). I have calculated that the combined effect of the tax reductions I propose will be a 4.5% increase in revenue from business taxes (£11 billion). This could be the result of a circa 28% increase in direct foreign investment or the transfer of 6% of national capital from consumptive to productive purposes or a combination of the two.
•5: I have calculated the interest saved on the £180 billion per annum improvement in government finances resulting form spending reductions and revenue increases (£7 billion). I have approached it this way as it would be possible to implement the spending reductions and revenue increases part of my programme without also implementing the spending increases and tax reductions part of my programme. Indeed it is the spending reductions and revenue increases that I would prioritise. Assuming, instead, that my programme were implemented in full then the reduction in spending in respect of interest payments saved would fall from £7 billion to £2 billion however interest rates are abnormally low by historical standards and so by the time policies such as I espouse could be put into effect the figure is more likely to be higher than lower than I provide for.
•6: Royal Navy (£17.5 billion). Army (£5.6 billion). Royal Air Force (£4.8 billion). Royal Star Navy (£4.1 billion).
•7: Competitions with prizes being offered for shares in companies to deliver; a crewed interstellar ship, a diasporanet and an interstellar nano-probe design (£0.23 billion). A Competition with a prize being offered for shares in a company to conduct mining in the asteroid belt so long as it is profitable and by 2024 and so long as the winner constructs in Cislunar space not on earth, a variable specific impulse magentoplasma rocket to do the mining (£1.0 billion). A competition with a prize being offered for shares in a company to convert the ML86X (or equivalent) into a flying aircraft carrier (£0.04 billion). Provision (£3.73 billion).
•8: Recruit 6,000 additional police officers to be firearms police so raising police numbers from 118,000 to 124,000 (£0.7 billion). Double spending on counter-terrorism police (£0.7 billion). Increase MI5 officers by 75% (£0.5 billion. Increase MI6 officers by 50% (£0.3 billion).
•9: Corporation Tax repealed.
•10: Business Rates reduced to the same level as Council Tax and the two taxes merged into one Council Tax. This will remove the artificial tax incentive to keep buildings out of commercial use and will remove local council's (revenue boosting) incentive to try to artificially force buildings into commercial use.
•11: Green Taxes repealed. Conceptually hypothecated taxation is not the most efficient way to finance climate change mitigation measures. If it is desired to spend revenue on mitigating climate change an economically neutral tax system with green measures subsidised would be more efficient. Green taxes fall on arbitrary groups, namely, energy customers and energy companies against which there is an over-arching economic justification.
•12: Annual spending on highways infrastructure is circa £6 billion whereas annual spending on rail infrastructure is circa £2 billion. Fuel duties, however, fall almost entirely on road, not rail, users, and come to £31 billion per year. What this means is that there is not a free and competitive market between road and rail as road use is held back by repressive taxation. An additional argument for lowering vehicle duty is that as electric vehicle use increases the revenue from this source will naturally decline and so weaning government off this source of revenue sooner rather than later has the merit of foresight.