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Conservativate manifesto ABI summary

The Conservative party plans to eradicate the deficit by 2018, cut taxes, and make further efficiency savings of £30bn. Other key pledges include holding a referendum on Britain’s membership of the EU by 2017, pledges on childcare and numerous measures to promote home ownership and financial independence in retirement.

Tax / Economy

  • Deliver a balanced structural current budget in 2017-18 (£30bn of further consolidation)
  • Personal income tax allowance to be raised to £12,500
  • Introduction of £50,000 threshold for 40p rate by 2020
  • Will not raise VAT, National Insurance or income tax
  • Linking the minimum wage to the personal income tax allowance so no one on the minimum wage should pay income tax
  • Inheritance tax to be removed on properties worth up to £1 million, removing millions of middle-income families from the threat of the levy
  • Crack down on tax evasion and aggressive tax avoidance (projected to raise at least £5bn)
  • Build a Northern Powerhouse
  • Increase the annual tax charges paid by those with non-domiciled status
  • Maintain the most competitive business tax regime in the G20
  • Conduct a review into business rates by the end of 2015

 Business

  • Industrial action in public services only possible with support of 40 per cent of those entitles to take part in strike ballot
  • Cut £10bn of red tape over course of next Parliament
  • Repeal restrictions on employers hiring agency staff for cover during strike
  • Treble the Start Up Loans programme during the next Parliament
  • Require companies with more than 250 employees to publish the difference between the average pay of their male and female employees.

 Housing

  • Build 200,000 starter homes for first-time buyers under the age of 40, to be sold at 20% below the market rate
  • Extension of the right-to-buy scheme for housing association tenants in England
  • Continue the Help to Buy mortgage guarantee until the start of 2017, and the Help to Buy equity loan until at least 2020.
  • Introduction of the Help to Buy ISA
  • Extend Help to Buy to cover an additional 120,000 homes
  • Offer 10,000 new homes to rent at below market rates
  • Create a Brownfield Fund to unlock homes on brownfield land for additional housing
  • Create a new London Land Commission, with a mandate to identify and release all surplus brownfield land owned by the public sector

NHS

  • £8 billion extra funding a year by 2020
  • 7 day a week access to GPs
  • Pensioners over the age of 75 will be guaranteed same-day access to a family doctor
  • Ensure that the independent Care Quality Commission rates all hospitals, care homes and GP surgeries
  • Increase funding for mental health care and treat mental health as importantly as physical health

Welfare

  • £12bn cuts to welfare spending
  • Reduce the benefits cap to £23,000
  • Introduce Day One Work Requirements for young people claiming out-of-work benefits
  • Replace the Jobseeker’s Allowance for 18-21 year-olds with a Youth Allowance that will be time-limited to six months, after which young people will have to take an apprenticeship, a traineeship or do daily community work for their benefits
  • 18-21 year olds on Job Seekers Allowance no longer have an automatic entitlement to Housing Benefit
  • Freeze working age benefits for two years from April 2016, with exemptions for disability and pensioner benefits

Europe

  • In / Out referendum on Britain’s membership of the EU by 2017
  • Negotiate a new settlement for Britain in the EU
  • Expand the Single Market, breaking down the remaining barriers to trade and ensuring that new sectors are opened up to British firms
  • Resist EU attempts to restrict legitimate financial services activities

Education

  • Lift cap on number of University places available
  • Freeze the amount of government spending per school pupil
  • At least 500 extra free schools with enough places for 270,000 children
  • Support three million new apprenticeships
  • Ensure there is a University Technical College within reach of every city
  • Abolish employers' National Insurance contributions on earnings up to the upper earnings limit for apprentices under the age of 25

Childcare

  • 30 hours of free childcare for three-and four- years olds for working parents
  • 15 hours a week of free childcare for all disadvantaged two-year-olds

Retirement  

  • Keep the triple-lock so that the state pension increases by inflation, earnings, or 2.5 percent, whichever is highest
  • Limit individual liabilities, protecting individuals from unlimited costs if they develop very serious care needs
  • Maintain all the current pensioner benefits including Winter Fuel Payments, free bus passes, free prescriptions and TV licences for the next Parliament
  • Implement the "temperature test" for Winter Fuel Payment, so that expats in hot countries no longer receive it
  • Allow pensioners to access their pension savings and decide whether or not to take out an annuity
  • Guarantee that people will not have to sell their home to fund residential social care
  • Cap the amount charged for residential care

Transport / Infrastructure

  • No above-inflation rises in rail fares until 2020
  • Invest over £100 billion in infrastructure by 2020
  • Delivery of superfast broadband in urban and rural areas to provide coverage to 95 per cent of the UK by the end of 2017

Environment and rural affairs

  • Push for further reform of the EU’s Common Agricultural Policy
  • Give Parliament the opportunity to repeal the Hunting Act on a free vote
  • Will protect the Green Belt, and maintain national protections for Areas of Outstanding Natural Beauty, National Parks, Sites of Special Scientific Interest and other environmental designations
  • Build 1,400 new flood defence schemes, to protect 300,000 homes
  • Build new roads and railways in a way that limits, as far as possible, their impact on the environment
  • Allow farmers to smooth their profits for tax purposes over five years

Government reform

  • £13 billion in departmental savings
  • Reduce the number of MPs to 600
  • Implement the boundary reforms

Energy and Climate Change

  • Will ensure that every home and business in the country has a Smart Meter by 2020
  • Will support low-cost measures on energy efficiency, with the goal of insulating a million more homes over the next five years
  • Continue to support the safe development of shale gas
  • Create a Sovereign Wealth Fund for the North of England
  • Push for a strong global climate deal at UN Climate Change Conference

Immigration

  • EU migrants who want to claim tax credits and child benefit must live here and contribute for a minimum of four years
  • Introduction of a new residency requirement for social housing
  • End the ability of EU jobseekers to claim any job-seeking benefits at all. If jobseekers have not found a job within six months, they will be required to leave
  • Maintain our cap of skilled economic migration from outside the EU at 20,700 during the next Parliament
  • Introduce a new Controlling Migration Fund to ease pressures on services and to pay for additional immigration enforcement, in areas with high immigration

Dealing with terrorism

  • Keep up to date the ability of the police and security services to access communications data – the ‘who, where, when and how’ of a communication, but not its content
  • Maintain the ability of the authorities to intercept the content of suspects’ communications, while continuing to strengthen oversight of the use of these powers
  • Introduction of new Banning Orders for extremist organisations and create new Extremism Disruption Orders
  • Enable employers to check whether an individual is an extremist and bar them from working with children.

The future of the UK

  • Strengthen and improve devolution for each part of our United Kingdom in a way that accepts that there is no one-size-fits-all solution
  • Implement the Smith Commission and St David’s Day Agreement or equivalent changes in the rest of the UK, including English votes for English laws
  • Extend the principle of English consent to financial matters such as how spending is distributed within England and to taxation – including an English rate of Income Tax – when the equivalent decisions have
  • been devolved to Scotland
  • A new Scotland Bill in first Queen’s Speech and introduced in the first session of a new Parliament
  • Implement the recommendations of the Smith Commission so that more than 50 per cent of the Scottish Parliament’s budget will be funded from revenues raised in Scotland and it will have significant new welfare powers to complement existing devolved powers in health and social care
  • Provide the Scottish Parliament with one of the most extensive packages of tax and spending powers of any devolved legislature in the world
  • Retain the Barnett Formula as the basis for determining the grant to cover that part of the Scottish Parliament’s budget not funded by tax revenues raised in Scotland.
  • Agree new rules with the Scottish Government for how the block grant will be adjusted, to take account of the new devolved tax and welfare powers.
  • Ensure that where responsibility for taxation has been devolved, tax changes only affect public spending in that part of the country
  • Devolve to the Welsh Assembly control over its own affairs – including the Assembly name, size and electoral system, Assembly elections and voting age
  • Implement other recommendations of the second Silk Report where there is all-party support as set out in the St David’s Day Agreement; this will include devolving to the Welsh Assembly important economic powers over ports and energy consents
  • Introduce a ‘funding floor’ to protect Welsh relative funding and provide certainty for the Welsh Government to plan for the future, once it has called a referendum on Income Tax powers in the next Parliament
  • Work to implement fully and faithfully the historic Stormont House Agreement to enable devolution to function more effectively; to deal with the legacy of the past; and to make progress on divisive issues such as flags and parading
  • Complete the devolution of Corporation Tax powers to the Assembly, consistent with the Executive fulfilling its commitments on finance, welfare reform and efficiencies in the Stormont House Agreement

Justice

  • Repeal Human Rights Act, and introduce a British Bill of Rights  

Foreign Affairs

  •  Work for peace, stability and an inclusive settlement in Syria and Iraq; and pursue a comprehensive political and military strategy to defeat ISIL
  • Uphold the sovereignty, integrity and capacity of Ukraine, and continue to reject Russia’s illegal annexation of Crimea
  • Continue to support the Euro-Atlantic path for Western Balkan nations
  • Support a two-state solution to the Israeli-Palestinian conflict and help to lead international efforts to prevent Iran from obtaining a nuclear weapon
  • Work to ensure that North Korea ends its development of nuclear weapons
  • Push for freer global trade, concluding major trade deals with the US, India and Japan and reinvigorating the World Trade Organisation
  • Push for an ambitious EU-India trade deal and support India’s bid for permanent representation on the UN Security Council
  • Strengthen economic links with China, doubling support for British firms selling goods there and championing an EU-China trade deal
  • Continue to support universal human rights
  • Uphold the democratic rights of the people of Gibraltar and the Falkland Islands to remain British, for as long as that is their wish, and protect our Overseas Territories stand up for the rule of law and human rights in Zimbabwe

Defence

  •  Maintain the size of the regular armed services and not reduce the army to below 82,000.
  • Retain the Trident continuous at sea nuclear deterrent to provide the ultimate guarantee of our safety
  • Build the new fleet of four Successor Ballistic Missile Submarines
  • Commitments for the equipment plan to be funded at one per cent above inflation for the next Parliament
  • Plan to invest at least £160 billion in new military equipment over the next decade
  • Continue to invest in cyber defence capabilities

International Development

  •  Continue to meet the 0.7 per cent target
  • Maintain an independent Department for International Development and keep aid untied
  • Insist that every government and organisation we fund meets global transparency standards
  • Expand payment by results and ensure all money to governments is clearly earmarked for specific purposes
  • Work to prevent climate change and assist the poorest in adapting to it
  • Triple in size the International Citizen Service
  • Double the Aid Match scheme, which matches donations to charity from the aid budget

Last updated 01/07/2016