Economic Policy

Our hopes and objectives

Only through a strong economy can there be the public services we all desire.  We shall pursue correct advice and sound investment with an intention to maximise the potential of everyone to contribute productively. 

We will take global markets into account when making national and international monetary decisions.

Our Plans

We will start with a full public spending review focussed on how well money is used, not just about what is spent. The value of money depends on how well it is spent. Good expenditure could have a radical impact on jobs and services without any increase in budgets- although we do hope to be able to increase expenditure where necessary. Reduction of waste not just physical resources but in unproductive employment is key. There is little worse for an employee to feel they are not contributing because of bad management. It will be a priority to address this wherever it occurs.

Growth will be promoted through a business led economy. Maximising tax receipt through a strong business market rather than higher business taxes.

We will engage in FTAs with the rest of the world wherever possible, avoiding protectionist tariffs that stifle competition and innovation while driving up prices for the consumer

We will ensure trade agreements are fair to both the UK and developing/emerging economies.

We will actively pursue a policy of minimal government interference to free trade, taking action only when necessary to prevent damage to the economy or UK citizens.

We will ensure regulation is at a level necessary to ensure fair competition, worker protection and good governance.

We will take sound advice from business leaders, monetary experts and unions, to be better placed to deal with any issues arising. This is taxpayers’ money and decisions will not be made without due process and safe systems. In this way we shall identify and remedy issues as they arise and react quickly and correctly to a constantly changing world economy.

Good Management

Care shall be taken to hold business at arm’s length from the workings of the civil service and government. Use of consultants shall be restricted and will be publicly notified. Information flow priorities mentioned in civil service policy above shall apply.  Consultants shall not be employed to mend anything that they have suggested which has failed without public notification.