ECONOMY

In 2020, as 11.7m people sunk below the poverty line, the UK paid over £109b in interest payments to private banking cartels.

We will redefine financial ethics, declaring all forms of interest immoral and illegal. A new Golden Age of financial freedom and security is upon us.

We should never tolerate such economic injustice.

We will bring those responsible to account and the people of this country will be fully reimbursed for all historical interest payments made since the first Bank of England loan in 1694. Our estimates put this at £5 trillion.

Reimbursing The British People:
Holding The Bank Of England To Account

Since 1694, approximately 990 million citizens have lived and died in the UK.

All 68.35 million registered citizens living in the UK will receive a one-off payment of £5,050 - injecting more than £345 billion into the UK economy.

Payments owed to the 921.65 million deceased will fund a newly established public pensions and palliative care account. This total would be approximately £4.2 trillion.

Embracing The State-Issued Currency Solution

Tired of rate rigging, bailouts, corruption, and the burden of tax hikes and austerity?

There is a better way. The solution lies in a state-issued currency, empowering the people.

Nationalised Banking

Imagine a Bank of Great Britain that serves the nation's interests, not private cartels.

We will take back control of our currency and economic destiny.

Interest-Free Currency

Say goodbye to burdensome interest. Our state-issued currency will promote economic growth without indebting the people.

Stable Inflation Control

We will control inflation, shielding our economy from volatile swings and ensuring stability for businesses and households.

A Robust Economy, Resilient Against Recession

Our state-issued currency will fortify us against recessions, providing a safety net for our citizens in challenging times.

Debt Elimination

We will tackle the burden of debt head-on, offering relief to individuals and families, unleashing their potential.

Security And Stability

By reducing the risk of defaults and repossessions, we will create a society where every person has the chance to thrive.

Taxing Based On Responsibility And Negligence

Our tax system will target destructive and negative outcomes, such as those perpetuating the economy of scale. The highest taxes, up to 90%, will be applied to companies and individuals that profit from misery or disaster, or manufacture, distribute, or sell products or services that destroy or pollute the environment.

We will abolish Inheritance Tax, tiered Income Tax, National Insurance, and Capital Gains Tax. Instead, a single 5% Citizen’s Contribution will be introduced.

Tax Reductions And Tax Exemptions

Tax contributions will be reduced for individuals who participate in a voluntary capacity for any of a number of national infrastructure initiatives and help alleviate the financial burdens taken on by the state.

Tax reductions will apply only to “planet-positive” organisations whose operations directly enhance quality of life and/or repair environmental damage.

Fighting For Economic Justice

Our economy should not be a game where only a few benefit while the rest suffer. It's time to challenge the destructive nature of our fractional banking system that prioritises profit over people's lives.

Many individuals who have engaged in fraudulent activities or found themselves imprisoned due to financial difficulties did so in pursuit of success within this flawed system.

We believe in second chances and restoring fairness to our society. That is why we advocate for a comprehensive review of financial crime convictions and the release of individuals incarcerated for non-violent offences related to debt, tax, or similar issues. They deserve a fresh start, free from the burdens of an unjust system.

No More Interest.
No More Inflation.

In our new economy, charging or paying interest on monetary loans becomes unlawful.

It's time to recognise the impossibility of repaying debts with the limited money in circulation, and the criminal nature of the fractional banking system.

We will establish, strengthen and encourage world trade agreements with other Riba nations.

Greenhalgh's Law

Prohibition of Exploitation of Crises and Misfortune for Financial Gain

Recognising the imperative to protect human dignity, animal welfare, and the environment, this legislation seeks to eliminate the exploitation of crises and misfortune for financial gain. It aims to establish a just society where the well-being of all living beings and the preservation of natural resources are paramount.

By fostering a culture that values prevention over profit from adversity, we can inspire individuals and organisations to act with integrity and compassion. This approach not only addresses immediate challenges but also builds resilience and a strong moral foundation within our society.

Greenhalgh's Law aims to create a fair and ethical marketplace by eliminating practices that profit from human suffering, animal exploitation, and environmental harm. By establishing the Ethical Commerce Commission and implementing targeted taxation, the law seeks to incentivise responsible business practices and protect the well-being of all living beings and the planet.

In part, this legislative framework draws inspiration from, and aims to replace, existing UK environmental tax measures, such as the Climate Change Levy and the Plastic Packaging Tax, both of which were sold as a means to encourage businesses to operate in an environmentally friendly manner. However, it is worth noting that the Plastic Packaging Tax has not discouraged businesses to use alternatives to plastic, nor has it resulted in the legalisation of plastic alternatives such as hemp. Instead, it has merely become another stealth tax placed upon the consumer.

Additionally, the law aligns with the UK's commitment to achieving net-zero greenhouse gas emissions by 2050, as outlined in the Environmental Improvement Plan 2023.

Section 1: Definitions

1. Exploitation: The act of profiting from human or animal suffering, or environmental degradation, through the manufacture, trade, promotion, or provision of products or services.

2. Crisis: A significant event or series of events causing widespread distress, hardship, or disruption, including but not limited to natural disasters, pandemics, economic downturns, and conflicts

3. Misfortune: An event or circumstance leading to hardship or adversity, such as accidents, illnesses, or personal tragedies.

4. Environmental Degradation: The deterioration of the natural environment through the depletion of resources, destruction of ecosystems, and pollution.

Section 2: Prohibition Of Exploitative Practices

1. It shall be unlawful for any individual, corporation, or entity to manufacture, trade, promote, or provide products or services that profit from human or animal suffering, or environmental degradation.

2. This prohibition extends to all sectors, including but not limited to healthcare, entertainment, finance, and retail.

Section 3: Establishment of Regulatory Bodies

1. A new regulatory body, the Ethical Commerce Commission (ECC), shall be established to oversee and enforce the provisions of this law.

2. The ECC shall have the authority to:

   a.Monitor and assess products and services for compliance with this law.

   b. Investigate and prosecute violations.

   c. Implement educational programs to inform the public and businesses about ethical practices.

Section 4: Taxation And Financial Measures

1. A new tax system shall be implemented targeting products, services, and entities that profit from misery, disaster, or environmental destruction.

2. The tax rates shall be structured as follows:
   a. High taxes on products and services that exploit crises or environmental degradation.

   b. Incentives and tax reliefs for businesses adopting sustainable and ethical practices.

Section 5: Transition And Implementation

1. A transition period of 12 months from the enactment of this law shall be provided for businesses to comply with the new regulations.

2. During this period, the ECC shall offer guidance and support to assist businesses in aligning with ethical standards.

Section 6: Enforcement And Penalties

1. Violations of this law shall be subject to penalties, including fines, sanctions, revocation of business licenses and, in severe cases, imprisonment.

2. Penalties shall be proportionate to the severity of the violation and the harm caused to individuals, animals, or the environment.

Section 7: Review And Amendments

1. This law shall be reviewed every five years to assess its effectiveness and make necessary amendments.

2. Public consultations shall be conducted to gather input from stakeholders, including businesses, consumers, and environmental groups.

Section 8: Title

This Act may be cited as "Greenhalgh's Law: Prohibition of Exploitation of Crises and Misfortune for Personal Gain."

By enacting Greenhalgh's Law, the UK will set a precedent for ethical governance, ensuring that economic activities contribute positively to society and the environment, rather than perpetuate a recipe for disaster, misery, and suffering.