Enterprise Economy: Growing Wealth, Not Redistributing It

Reform UK believes in creating a wealth-generating enterprise economy rather than relying on wealth redistribution. ( I.e Tax and Spend)

Our approach focuses on empowering people and businesses to create NEW wealth, which in turn benefits society as a whole.

Here are our 13 key policies aimed at generating growth economy:

1. Supporting Young Entrepreneurs: Simplify the process of starting businesses and provide tax incentives for young entrepreneurs. This encourages innovation and new business ventures, driving economic growth from the ground up.

2. Tax Reforms to Make Work Pay: Lift the income tax starting threshold to £20,000 per year, ensuring that work is financially rewarding and reducing dependency on benefits. This policy will save each worker £1,500 annually and motivate more individuals to enter and remain in the workforce.

3. Encouraging Small and Medium Enterprises (SMEs): Create SME Enterprise Zones in left-behind areas with a period of zero tax for new or existing businesses that are creating jobs. This policy will stimulate local economies and create job opportunities.

4. Cutting Red Tape Reform the planning system to fast-track development on brownfield sites and boost businesses, especially in coastal and northern regions. This will streamline processes and reduce unnecessary barriers to business growth. Abolishing Counterproductive Regulations:

5.Abolish IR35 rules that hinder sole traders and contractors, allowing them to work more flexibly and efficiently. Simplifying the tax system to reduce burdens on businesses will further stimulate economic activity. Investing in Technical Skills and Education:

6. Increase help for technical courses and apprenticeships, ensuring young people gain PRACTICAL skills that are in economic demand. This will create a skilled workforce ready to contribute to a growing economy.

7. Addressing Social Issues Through Economic Growth Reform UK is committed to addressing the underlying causes of social issues by fostering economic growth and creating wealth generation for all

8. Enhancing Pension Security: Maintain the triple lock on pensions to protect the financial security of our older population, ensuring that pensions increase annually by the highest of inflation, average earnings, or a minimum of 2.5%.

9. Protecting Women's Rights: Stand firmly against ideologies that undermine women’s rights and ensure safe spaces for women in shelters, prisons, and changing rooms. This policy promotes safety and equality in all public and private spaces.

10 Scrapping Net Zero Policies: Remove costly Net Zero policies that increase energy bills and stifle economic growth. Instead, focus on practical, cost-effective environmental measures that do not burden households and businesses. Cutting Government Waste:

11. Implement strict measures to reduce government waste, saving billions of pounds annually. These savings will be redirected to essential services and tax reductions, boosting the economy. Promoting Free Markets and Innovation:

12. Encourage competition and innovation by reducing unnecessary regulations and supporting free-enterprise principles.

Chris Farmer Parliamentary Candidate, Reform UK