Rupert Lowe MP@RupertLowe10
Restore Britain’s economic policy is about two words - freedom and fairness.
We must become globally competitive, all whilst ensuring our own people are the ones feeling the benefits.
Open to investment and creating an attractive home to build a business. But currently we are suffering with a broken system that is incredibly uncompetitive, overly complex, and yet amazingly permissive when it comes to the extraction of our wealth.
Corporation tax has risen. The regulatory burden has grown. Money flees Britain. We are living in the worst of all worlds. It stinks. We can all feel the unfairness in the air.
Billions of pounds generated within the British economy continue to flow out of the country each year through dividends, intra-company transfers, and other shady complex mechanisms - often with limited reinvestment and very often, sod all tax paid. Huge corporates stripping the British economy of its wealth. Under a Restore Britain Government, this will end.
This is unfair, this is unsustainable. This is not what we want.
It places an ever-greater burden on those who cannot restructure their affairs with expensive accountants or move their income offshore.
British workers, British sole traders, and British small business owners. On those who we rely so heavily, the current deal is a crap deal. The global corporates benefit, decent British men and women suffer. It is rotten.
Restore Britain takes a very different view.
The solution is not to retreat away from proper competition, nor to tax, tax tax. Instead, Britain must become both more competitive and more disciplined - a country that rewards enterprise while insisting on responsibility and fairness for the British people.
Firstly.
Britain should have the lowest corporation tax rate in Europe.
If Britain wishes to attract businesses, create jobs, and generate growth, it must offer a tax environment that is not merely competitive, but leading. Undercut our neighbours. Go for their business. We must be ruthless.
Send a powerful signal. Britain is once again serious about growth, serious about enterprise, and serious about rewarding those who build and invest.
But this alone is not enough.
A low-tax system that is easily exploited does not serve the British people.
Any low tax environment must matched by a determination to ensure that wealth generated here contributes fairly to the country in which it is created.
Our country. Our economy. Our success.
Currently, large volumes of profit are distributed overseas through dividends and complex corporate structures allow for the shifting of profits out of the Britain on an industrial scale. This is morally wrong.
Restore Britain would address this imbalance directly and unashamedly.
We would introduce fair and proportionate withholding taxes on dividends paid to overseas shareholders, ensuring that profits generated in Britain deliver a reasonable return to the British economy. Not shifted off to some low-tax paradise, stripping the British economy of its own wealth and rewards.
Restore Britain would tighten the rules around profit-shifting and complex offshore arrangements, closing loopholes that exist purely to sneak money out of Britain.
All of this would be paired with a system that actively encourages reinvestment so that the incentive to do this would be lower and lower. There would be no need to extract wealth to a low tax environment, because Britain would be that low tax environment.
Businesses that retain profits in the UK investing in jobs, infrastructure, research, and expansion should benefit from a simpler, more favourable tax regime. If you want to contribute to our economy and infrastructure, you will be rewarded for doing so.
The five golden rules of business.
What’s. In. It. For. Me.
Restore Britain’s objective is not to penalise success, but to align business incentives with the long-term interests of the country. This is not complicated, it really isn’t.
For too long, the debate has been framed as a binary choice between being pro-business or pro-fairness. We disagree.
Britain can and should be both.
A country that attracts investment and rewards enterprise - but also one that ensures that the benefits of that growth are not systematically and deliberately extracted elsewhere to benefit foreign people and foreign lands.
If wealth is created in Britain, a fair share of it should remain in Britain - supporting local economies, from which our country’s success will flow.
Restore Britain will build an economy that does not work only for those who can freely move their untaxed money across borders, but for those who live, work, and raise families in our country.
Those who want an economy built on low, but fair, taxation - there is now a political party you can support.
Restore Britain.
