Bolton North East - United Kingdom

- Independent -

Kevin Allsop is an independent parliamentary candidate for Bolton North East. He uses his platform to criticize the current economic policies, which he believes disproportionately favor the wealthy, perpetuating economic inequality.

Allsop's campaign focuses on reforming the tax system to address these disparities and ensure a more equitable distribution of wealth.

Economic and Tax Proposals:

Kevin Allsop's campaign proposes several significant changes to the UK's tax system to rectify what he sees as its inequities and inefficiencies.

Wealth Tax:

Allsop supports the introduction of a wealth tax, citing popular support for taxing individuals with assets over 10 million. He refers to recommendations from the Wealth Tax Commission, suggesting a one-off wealth tax could raise substantial funds.

Financial Transaction Tax (FTT):

He advocates for an FTT on the 8 trillion-a-day financial markets, which could potentially generate significant revenue for public services.

Ending the Carried Interest Loophole:

Allsop plans to end this tax loophole that allows private equity returns to be taxed at lower rates than regular income.

Balancing PAYE and NI Contributions:

He calls for equal treatment in the tax system, emphasizing the unfairness in the current discrepancies between different types of income.

Capital Gains Tax:

Allsop proposes equalizing the capital gains tax with income tax rates, which he argues could simplify the tax system and raise additional funds.

Tax Fairness and Social Equity:

Allsop is committed to addressing the broader implications of tax fairness. He argues that the current tax system allows the rich to accumulate wealth at the expense of the broader economy and public well-being.

His proposals aim to increase government revenue from wealth and high finance, which could then be reinvested into critical public services like health, education, and infrastructure.

Public School Tax Breaks:

In his critique of public funding for private education, Allsop highlights the tax breaks received by public schools due to their charitable status, which he argues exacerbate educational inequalities. He suggests revisiting these tax breaks to ensure a more equitable educational landscape.

Allsop's campaign is driven by a vision of a tax system that works for the majority rather than a wealthy minority, reflecting a broader call for social justice and economic reform in the UK.