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The Independent UK
The Independent UK
National
Athena Stavrou

Zack Polanski plots economic overhaul as hit hits out government ‘failure’

  • Green Party leader Zack Polanski outlined his economic vision, criticising the government's "failing fiscal rules" and proposing an overhaul of the UK's tax system to ease inflation and end "rip-off Britain".
  • He pledged to implement a wealth tax as a "day one priority", proposing a 1% tax on wealth over £10bn and 2% on over £1m, aiming to raise approximately £15bn annually.
  • Polanski called for government intervention to prevent a rise in energy prices for UK households following the Middle East conflict, suggesting strengthening the windfall tax and equalising capital gains tax with income tax.
  • He criticised the economic impacts of Brexit, stating the economy is 6-8% smaller, and expressed a desire for the UK to rejoin the European Union or at least the Customs Union.
  • Further proposals included implementing rent controls, nationalising water companies, and replacing current fiscal rules with "fiscal referees" while re-evaluating the Office for Budget Responsibility.

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