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London Real Party

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London Real Party 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.

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the Economy  ›  Taxes

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

LRP>LRP  ChatGPTLower the income tax rate and remove all existing tax loopholes for large corporations

the Economy  ›  Minimum Wage

Should the government raise the national minimum wage?

LRP>LRP  ChatGPTYes, and adjust it every year according to inflation

the Economy  ›  Tax Evasion

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

LRP>LRP  ChatGPTYes

the Economy  ›  Tax Rate

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

LRP>LRP  ChatGPTNo, but eliminate tax loopholes for top earners

the Economy  ›  Government Spending

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

LRP>LRP  ChatGPTNo, focus on ending tax evasion instead

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the Economy  ›  Welfare

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

LRP>LRP  ChatGPTFewer, and ensure benefits go to those that need it most

the Economy  ›  Corporate Tax

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

LRP>LRP  ChatGPTLower, but eliminate deductions and loop holes

the Economy  ›  Free Trade

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

LRP>LRP  ChatGPTYes

the Economy  ›  Inheritance Tax

Should the government abolish the inheritance tax?

LRP>LRP  ChatGPTYes

the Economy  ›  Universal Basic Income

Do you support a universal basic income program?

LRP>LRP  ChatGPTYes

the Economy  ›  Young Benefit Claimants

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

LRP>LRP  ChatGPTYes, and every capable person claiming benefits should take on unpaid community work

the Economy  ›  Bonus Cap

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

LRP>LRP  ChatGPTNo, any worker should be rewarded based on their success

the Economy  ›  Welfare Drug Testing

Should welfare recipients be tested for drugs?

LRP>LRP  ChatGPTNo, this is a waste of time and money

the Economy  ›  Labor Unions

Do you believe labor unions help or hurt the economy?

LRP>LRP  ChatGPTHelp, but ban their ability to make political donations

the Economy  ›  Economic Stimulus

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

LRP>LRP  ChatGPTYes, but in the form of increased spending on infrastructure

the Economy  ›  Offshore Banking

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

LRP>LRP  ChatGPTYes, as long as offshore income is reported

the Economy  ›  Domestic Jobs

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

LRP>LRP  ChatGPTYes

the Economy  ›  Bedroom Tax

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

LRP>LRP  ChatGPTYes, but with exception for those with disabled family members

the Economy  ›  State Ownership

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

LRP>LRP  ChatGPTYes, the government should receive equity for any financial aid they provide to companies

the Economy  ›  Tariffs

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

LRP>LRP  ChatGPTNo, this will hurt our manufacturing businesses that rely on importing cheap resources to make their products

the Economy  ›  Buy to Let

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

LRP>LRP  ChatGPTYes, but reduce tax evasion by landlords

the Economy  ›  Free Broadband

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

LRP>LRP  ChatGPTYes, only 7% of households in the UK have access to full-fiber broadband

the Economy  ›  Government Pensions

Should pension payments be increased for retired government workers?

LRP>LRP  ChatGPTYes, adjust them yearly for cost of living

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?

LRP>LRP  ChatGPTYes

the Economy  ›  Transatlantic Trade and Investment Partnership

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

LRP>LRP  ChatGPTYes, but with more transparency

the Economy  ›  Surcharge Ban

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

LRP>LRP  ChatGPTNo, as long as the costs are clearly communicated before purchases

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?

LRP>LRP  ChatGPTYes, but only if it’s truly decentralised and cannot be manipulated by any person, group, or government agency

the Economy  ›  Cryptocurrency

Should the government classify cryptocurrencies as legal forms of payment?

LRP>LRP  ChatGPTYes

the Economy  ›  Gig worker tax reporting

Should online payment platforms be forced to report all transactions over $600 to the IRS?

LRP>LRP  ChatGPTNo, private transactions should be kept private

the Economy  ›  Stock Buybacks

Should the government tax stock buybacks?

LRP>LRP  ChatGPTNo, there is no evidence that firms that engage in buybacks reduce their investments