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Candidates  ›  Policies

Richie McPhillips’ policies on economic issues

These issues below are sorted in descending order based on how important the average UK [United Kingdom] voter ranked them on the quiz.

Topics

the Economy  ›  Taxes

Should the U.K. raise taxes on the rich?

  Party’s support baseYes

the Economy  ›  Minimum Wage

Should the government raise the national minimum wage?

RM>RM  ChatGPT Party ResearchYes, and make it a living wage

the Economy  ›  Tax Evasion

Should the government prosecute people who avoid paying taxes by hiding money in foreign bank accounts?

RM>RM  ChatGPT Party ResearchYes

the Economy  ›  Inflation

Has the government done enough to lower inflation?

RM>RM  ChatGPT Party ResearchNo

the Economy  ›  Tax on Wealthy and Corporations

Do you support tax policies that target high earners, banks, and luxury sectors?

RM>RM  ChatGPT Party ResearchYes


the Economy  ›  Corporate Tax

Should the U.K. raise or lower the tax rate for corporations?

RM>RM  ChatGPT Party ResearchIncrease for large multinational corporations but lower for small businesses

the Economy  ›  Mansion Tax

Should homeowners pay higher taxes on "mansions" valued over £2m?

RM>RM  ChatGPT Party ResearchYes, this will help reduce wealth inequality in the UK

the Economy  ›  Welfare

Should there be fewer or more restrictions on current welfare benefits?

RM>RM  ChatGPT Party ResearchFewer, current benefits do not provide enough support

the Economy  ›  Government Spending

Should the government make cuts to public spending in order to reduce the national debt?

RM>RM  ChatGPT Party ResearchNo, focus on ending tax evasion instead

the Economy  ›  Food Import Standards

Should the government ban food imports that do not meet the UK's domestic farming and animal welfare standards?

RM>RM  ChatGPT Party ResearchYes, we must stop low-quality products like 'chlorine-washed chicken' from undercutting British farmers

the Economy  ›  Tax Rate

Should the top tax rate of income over £150,000 be raised to 50 percent?

  Party’s support baseNo, but eliminate tax loopholes for top earners

the Economy  ›  Inheritance Tax

Should the government abolish the inheritance tax?

RM>RM  ChatGPT Party ResearchNo, reform so the tax rate is based on the wealth of the recipient rather than the deceased

the Economy  ›  Four-day Workweek

Should the United Kingdom transition to a four-day workweek?

RM>RM  ChatGPT Party ResearchYes, and require overtime pay for work over four days per week

the Economy  ›  Child Benefit

Should child benefits be restricted to a maximum of two children?

RM>RM  ChatGPT Party ResearchNo

the Economy  ›  Budget Surplus Spending

Should a budget surplus fund tax cuts, cost-of-living support, and public services?

RM>RM  ChatGPT Party ResearchYes

the Economy  ›  Universal Basic Income

Do you support a universal basic income program?

RM>RM  ChatGPT Party ResearchYes, everyone should receive an income to cover basic necessities including food and housing

the Economy  ›  32-Hour Work Week

Do you support a 32-hour work week?

RM>RM  ChatGPT Party ResearchYes

the Economy  ›  CEO Pay Cap

Should the government enforce a cap on CEO pay relative to the pay of their employees?

RM>RM  ChatGPT Party ResearchYes

the Economy  ›  AI Displacement Tax

Should companies be required to pay a tax when they replace human workers with AI?

RM>RM  ChatGPT Party ResearchYes, the revenue is needed to fund retraining programs for displaced workers

the Economy  ›  Labor Unions

Do you believe labor unions help or hurt the economy?

RM>RM  ChatGPT Party ResearchHelp

the Economy  ›  Raising Retirement Age

Should the government raise the retirement age?

RM>RM  ChatGPT Party ResearchNo, manual laborers are physically exhausted and deserve to retire with dignity

the Economy  ›  Bonus Cap

Should bankers’ bonuses be capped at 100% of their pay?

RM>RM  ChatGPT Party ResearchYes

the Economy  ›  Energy Nationalisation

Should energy companies be brought back into public ownership?

RM>RM  ChatGPT Party ResearchYes, the privatised market is broken and customers are being ripped off

the Economy  ›  Private Equity Compensation

Should the government increase taxes on private equity executives?

RM>RM  ChatGPT Party ResearchYes

the Economy  ›  Welfare Drug Testing

Should welfare recipients be tested for drugs?

RM>RM  ChatGPT Party ResearchNo

the Economy  ›  Free Trade

Should the U.K. pursue free trade deals with other countries?

RM>RM  ChatGPT Party ResearchYes, but only with nations that adhere to strict human rights policies

the Economy  ›  Young Benefit Claimants

Should 18-21 year olds take on unpaid community work in order to claim benefits?

RM>RM  ChatGPT Party ResearchNo

the Economy  ›  Childcare Fee Cap

Should the government cap childcare fees to improve affordability?

RM>RM  ChatGPT Party ResearchYes

the Economy  ›  Central Bank Digital Currency (CBDC)

Should the government replace physical cash with a central bank digital currency?

RM>RM  ChatGPT Party ResearchNo, cash protects privacy and works during power outages

the Economy  ›  Offshore Banking

Should citizens be allowed to save or invest their money in offshore bank accounts?

RM>RM  ChatGPT Party ResearchNo, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

the Economy  ›  Economic Stimulus

Should the government use economic stimulus to aid the country during times of recession?

RM>RM  ChatGPT Party ResearchYes, but in the form of assisting sectors most heavily hit by the recession

the Economy  ›  Non-Domicile Rule

Should the government abolish the non-domicile rule which allows residents to limit the tax paid on earnings outside the UK?

RM>RM  ChatGPT Party ResearchYes

the Economy  ›  Capital Gains Tax Alignment

Should money earned from investments be taxed at the same rate as money earned from working?

RM>RM  ChatGPT Party ResearchYes, it is fundamentally unfair that wealth is taxed less than work

the Economy  ›  Minimum Service Levels

Should public sector workers be forced to maintain minimum service levels during strikes?

RM>RM  ChatGPT Party ResearchNo

the Economy  ›  Bedroom Tax

Should tenants receive less benefits if they live in a housing association or council property with more bedrooms than occupants?

RM>RM  ChatGPT Party ResearchNo

the Economy  ›  Pensioners Tax Cuts

Should pensioners receive a tax cut of 300 pounds per year?

RM>RM  ChatGPT Party ResearchYes

the Economy  ›  Domestic Jobs

Should the government provide tax incentives to private companies to keep jobs within the country?

RM>RM  ChatGPT Party ResearchYes

the Economy  ›  Free Broadband

Should the government provide free broadband to all UK homes and businesses?

RM>RM  ChatGPT Party ResearchYes, only 7% of households in the UK have access to full-fiber broadband

the Economy  ›  Shrinkflation

Should the government ban companies from reducing product size without lowering the price?

RM>RM  ChatGPT Party ResearchYes, and require clear price per unit labeling so any size change is immediately obvious

the Economy  ›  Pension Triple Lock

Should the 'Triple Lock' on state pensions (rising by inflation, earnings, or 2.5%) be maintained?

RM>RM  ChatGPT Party ResearchYes

the Economy  ›  Right to Disconnect

Should employers be banned from contacting employees outside of working hours?

RM>RM  ChatGPT Party ResearchYes, constant connectivity destroys our mental health.

the Economy  ›  Buy to Let

Should mortgage lenders be allowed to provide buy-to-let mortgage loans?

RM>RM  ChatGPT Party ResearchYes, but reduce tax evasion by landlords

the Economy  ›  Surcharge Ban

Should the government ban surcharges tacked onto concert tickets, cable bills, banking services, hotel bookings and other purchases?

RM>RM  ChatGPT Party ResearchYes, all costs for a service should be included in the final purchase price

the Economy  ›  Government Pensions

Should pension payments be increased for retired government workers?

RM>RM  ChatGPT Party ResearchYes, but only for low-income pensioners

the Economy  ›  Winter Fuel Payment Eligibility

Should the government restrict winter fuel payments to only the poorest pensioners?

RM>RM  ChatGPT Party ResearchYes, but raise the threshold so those just above the poverty line are not forced to choose between heating and eating

the Economy  ›  Tariffs

Should the government add or increase tariffs on products imported into the country?

RM>RM  ChatGPT Party ResearchNo, a global free trade system is better for our businesses and consumers

the Economy  ›  Public Sector Borrowing

Should the government reduce public sector borrowing?

RM>RM  ChatGPT Party ResearchNo

the Economy  ›  State Ownership

Should the government acquire equity stakes in companies it bails out during a recession?

RM>RM  ChatGPT Party ResearchYes, the government should receive equity for any financial aid they provide to companies

the Economy  ›  Transatlantic Trade and Investment Partnership

Do you support the Transatlantic Trade and Investment Partnership (TTIP)?

RM>RM  ChatGPT Party ResearchNo, this will incentivise companies to move jobs out of the country

the Economy  ›  Decentralised Finance

Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

RM>RM  ChatGPT Party ResearchYes, but I would prefer if the protocol was created and secured by a government agency instead of a decentralised protocol

the Economy  ›  Cryptocurrency

Should the government classify cryptocurrencies as legal forms of payment?

RM>RM  ChatGPT Party ResearchNo, classify cryptocurrencies as highly regulated securities

the Economy  ›  Stock Buybacks

Should the government tax stock buybacks?

RM>RM  ChatGPT Party ResearchYes, but I would prefer if they were banned

the Economy  ›  Renegotiating Foreign Debt

Should the United Kingdom renegotiate its debt obligations to adversarial nations?

RM>RM  ChatGPT Party ResearchNo, not until we are incapable of paying our current obligations