In the 24 months since Labour came to power, we've seen; • Employer National Insurance increased from 13.8% to 15%. • The employer NI threshold cut from £9,100 to £5,000. • Income Tax and National Insurance thresholds frozen until 2031. • Capital Gains Tax increased from 10% and 20% to 18% and 24%. • Business Asset Disposal Relief increased from 10% to 14%, then 18%. • Investors’ Relief increased and its lifetime allowance cut from £10 million to £1 million. • Carried interest taxation increased and moved towards the Income Tax regime. • Dividend tax rates increased by two percentage points. • Savings-income tax rates increased by two percentage points. • Property-income tax rates increased by two percentage points. • Most unused pension funds brought into the Inheritance Tax net. • Agricultural Property Relief restricted. • Business Property Relief restricted. • Inheritance Tax thresholds frozen for longer. • The non-dom regime replaced with a more extensive residence-based system. • VAT imposed on private school fees. • Business-rates relief removed from private schools. • Stamp Duty increased on second homes and buy-to-let properties. • The Furnished Holiday Lettings tax regime abolished. • Pension salary-sacrifice benefits capped at £2,000 before National Insurance applies. • The Cash ISA allowance cut to £12,000 for most under-65s. • A 22% charge introduced on interest from cash held inside non-cash ISAs. • Restrictions introduced on transfers and cash-like holdings within ISAs. • The Energy Profits Levy increased and extended. • Investment allowances for oil and gas producers reduced. • A new Vaping Products Duty introduced. • Tobacco duties increased above inflation. • Vehicle Excise Duty increased for many new cars. • Electric vehicles brought into the Vehicle Excise Duty system. • A new mileage tax announced for electric and plug-in hybrid cars. • Air Passenger Duty increased. • Climate Change Levy rates increased. • Plastic Packaging Tax increased. • A new Carbon Border Adjustment Mechanism introduced. • Making Tax Digital extended to more landlords and self-employed people. Together they represent one of the biggest transfers of wealth from households and businesses to the Treasury in decades - with no noticeable improvement in public services. Whether you're a business owner employing staff, a parent paying school fees, a farmer planning succession, an entrepreneur building wealth or simply someone trying to save for retirement... You keep less of what you earn. You keep less of what you invest. You leave less to your family. Death by a thousand cuts is becoming tax policy.

Total government spending in the UK for the financial year 2019/20 was £889 billion. Total government spending for 2025/26 is estimated to be £1,368 billion. You simply can’t tax your way out of this level of spending growth.

Can you see what’s happening? People are blaming each other for the state of the economy: - Rich v poor - Old v young But they’re ignoring the real issue: There’s a huge problem and its root cause is the fact that our money system is broken. The £ in your pocket today is worth 50% of its value in 2008. And now: - Young people can’t afford to buy their own home. - They can’t put down roots and raise a family. - The birth rate has collapsed. - We have a mental health crisis. - An obesity crisis. - Crime rates persistently high. At the same time, tax rates are the highest in 70 years - and yet the government has to borrow more and more money to fund its spending. This creates inflation, wages don’t keep up and property prices become unaffordable. Since central banks abandoned the gold standard and introduced the ‘fiat’ currencies we have today, the value of our money has fallen every year due to inflation. “No one should ever have to work for a currency that others can just print at will.” The foundations are corrupted. Our money is broken. This is the real problem.