Overdue policies that will probably not happen

A handful of overdue policy reforms would alleviate many of the long standing problems that afflict the British economy. This are

Rationalisation of property taxation including

• Reform of the Council Tax
• Abolition of Stamp Duty
• Abolition of Capital Gains
• Business Rates to annual assessments and will with fixed equipment, buildings and plant being ignored in the valuation. 

Phasing out of VAT

Significant raising of thresholds for income tax and NI contributions.

Scrapping of VAT over a couple of years; it is damaging, inefficient and a solid obstacle to growth. 

Even if these changes were revenue-neutral, great benefits would follow. Of course, even though Labour has a huge majority in parliament, little or none of this will happen.