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.