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Green Party manifesto ABI summary

The Green party has pledged to increase the National Minimum Wage to £10 an hour by 2020, a 60% rate of income tax for those earning over £150,000 and a new wealth tax of 2% on the top 1%. The party has also called for £85bn programme of home insulation, renewable electricity generation and flood defences.

Economy and taxation

  • Increase National Minimum Wage to £10 an hour by 2020
  • 60% rate of income tax for those earning over £150,000
  • A new wealth tax of 2% on the top 1%; a "Robin Hood tax" of 0.1% on transactions in bonds and equities and 0.01% on derivatives
  • Introduce a maximum pay ratio of 10:1 between the best paid and the worst paid in every organisation
  • Work for the abolition of the City of London Corporation and the special statuses it enjoys
  • Reduce Employment Tribunal fees
  • Amend company law to ensure that medium and large companies take account of and report on the environmental and social impact of their activities
  • Amend company law to ensure that medium and large companies have employee and consumer representatives on their boards
  • Maintain corporation tax for small firms at 20% while raising that for larger firms to 30%

NHS and welfare

  • Immediately increase the overall NHS budget by £12 billion a year
  • End “privatisation of the NHS”
  • Provide free social care funded by taxation on the same basis as the NHS
  • Abolish the ‘fit for work’ system
  • Abolish Spare Room Subsidy

Housing

  • Provide 500,000 social homes for rent by 2020 and control rent levels
  • Scrap the Help to Buy scheme
  • An extra £1.3 billion on the NHS budget to deal with the associated costs of cold homes
  • Give the Green Investment Bank full borrowing powers to help fund this investment
  • A Citizen's Pension, paid to all pensioners regardless of contribution record from 2016, so no pensioner will live in poverty. It will pay £180 per week to a single pensioner and £310 per week for a couple. Future increases will be at the higher of the price increases of basic goods and services or average earnings

Flooding

  • An extra £1 billion a year to local authorities and the Environment Agency to spend on assisting communities with flood protection and on defending homes and public buildings,  from heat waves.
  • Obliging government departments and local authorities to consider climate change and carbon reduction in all their planning over a long time horizon of 50-1 00 years. Specifically, local authorities should do so in all planning decisions.
  • Having the government act as an insurer of last resort where commercial insurance companies are refusing to provide flood cover.
  • Preventing new building on flood plains.
  • Encouraging storing water in uplands through full river system management- including wetland restoration, natural regeneration, allowing rivers to meander and allowing flooding upstream. Water management needs to become part of the rules for farming subsidies.

Energy and climate change

  • £85bn programme of home insulation, renewable electricity generation & flood defences
  • Spend £2.5 billion over the Parliament on an intensive research and deployment programme for other renewables such as wave and tidal stream generators or other approaches, and also for storage technologies.
  • Phase out fossil-fuel-based generation, including the closure of all coal-fired power stations by 2023 at the very latest.
  • Phase out nuclear power within ten years.
  • Ban all UK fracking operations - following a growing number of nations worldwide - and withdraw all relevant licences as soon as possible. Ban other new fossil fuel developments such as other unconventional fossil fuels and open cast coal.
  • Invest up to £35 billion over the Parliament in renewable generation and in the National Grid, if necessary, to “make sure renewable generation grows quickly enough”

Education

  • Scrap University tuition fees

Last updated 01/07/2016