ReClaim Economy

Cost-Saving, Growth-Boosting Policy Ideas

Cut VAT on Essentials

  • Temporarily reduce or scrap VAT on household essentials (food basics, children's clothes, sanitary products).

Support for Renters

  • Freeze or limit rent increases for 12-18 months.
  • Tax breaks for landlords who cut rents or keep them stable.

Boost Wages Through Tax Breaks

  • Raise the income tax threshold so low earners keep more of their pay.
  • Small businesses get NIC relief if they increase staff wages.

National Infrastructure Bank for Growth

  • Invest in housing, energy, and transport via a state-backed bank.
  • Creates jobs, improves services, and boosts productivity.

Reform Energy Market

  • Consider partial re-nationalisation of the grid or water/energy supply.
  • End profit-taking in natural monopolies where consumers have no choice.

Cost of Living Guarantee

  • A binding government pledge: no household should spend more than 30% of income on essentials (housing, energy, food).
  • Low paid household, help with energy efficiency, and solar power.

Digital Sales Tax

  • Big tech and online giants pay a fair share, using revenues to cut VAT or fund cost-of-living relief.

Community Ownership

  • Owned and controlled by the local members (residents, workers, or customers).
  • Each member has an equal say, regardless of how much money they put in.
  • Connected to Local Training scheme.

Free or Subsidised Solar Panels

  • Government bulk-buys solar panels, driving down installation costs.
  • Panels fitted at cost for households and small businesses.
  • Over time, households save hundreds on energy bills - money goes back into the economy.
  • Approve and support plug-in solar panels so renters and flat-dwellers can benefit too.
  • Solar Fitting Training Scheme, Local Jobs.

Community-Owned Energy Cooperatives

  • Towns and villages set up local energy schemes with government seed funding.
  • Profits from selling energy go back to residents through lower bills.
  • Keeps money in the community rather than paying corporate shareholders.
  • Training Scheme, Local Jobs.

National Bulk-Buy for Essentials

  • Government negotiates bulk purchases of essentials (heating oil, fuel, fertiliser, even supermarket staples).
  • Savings passed directly to consumers, similar to how the NHS reduces drug costs.
  • Creates resilience against global price shocks.

"Buy to Build" Housing Scheme

  • State supplies land availability and materials in bulk at reduced cost.
  • Families, cooperatives, or community groups can build affordable homes, cutting out middlemen developers.
  • Reduces rents and mortgages + people have more to spend elsewhere.
  • Training Scheme, Local Jobs.

Skills-for-Savings Program

  • Free retraining in trades like insulation fitting, solar installation, and EV maintenance.
  • Skilled workers then provide these services at cost price through local cooperatives.
  • Saves households money and boosts employment.

Debt Relief via Energy Savings

  • People struggling with debt can join a scheme where part of their repayment goes into energy-saving upgrades (insulation, heat pumps, solar).
  • Their bills shrink, freeing up money to both repay debts and spend locally.

Zero-VAT on Green Upgrades & Local Goods

  • No VAT on insulation, solar, heat pumps, or other money-saving upgrades
  • Reduced VAT on goods bought locally to encourage community economies.
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