
WELFARE
We want to restore the welfare state to its former glory. Too many of our so-called leaders have been convinced it is an unaffordable burden. It was affordable in the aftermath of World War 2 and it is still affordable now. These politicians are simply ideologically opposed to helping those less fortunate than themselves, and yet are happy to take all the freebies they can get. The welfare state is not a handout, it is a hand-up; a safety net for all of us and was the Attlee government's greatest achievement.
We would boost the state pension to 75% of average earnings.
Require 50% of all contributions into UK pension funds be invested in the creation of productive assets.
Grant 52 weeks of full-pay maternity & paternity leave for new parents.
Return to final-salary pension schemes which are more generous. Final-salary schemes incentivise workers to go for promotions and after a lifetime of work, people deserve to have a comfortable retirement. They are absolutely affordable to a government that knows it cannot run out of its own money.
Our government would guarantee final-salary pension schemes if firms meet certain criteria:
Capping executive pay and share buybacks.
Mandatory employer contributions.
Equity stakes in the company if the government has to step in.
Repayment of any state support if firm becomes profitable in the future.
We would also require employers across an entire sector e.g. retail, manufacturing to join a single final-salary scheme which would spread the risk across all member firms, as done in the Netherlands.
No opt-outs for profitable companies to prevent adverse selection where only weaker firms participate.
Risk-adjusted premiums so employers with volatile finances pay more.
Pension funds should issue full sets of fund-level accounts so investors can see where their money has been invested, how long it has been invested, what the trades were, whether it was profitable or not etc.
This is required for all other companies and pension funds should be no different.
You should also be electronically consulted every time a company that is invested in by the fund in which you own a share has an annual general meeting, and invited to choose how the fund should vote at that AGM.
This will stop funds deciding what they think is right for you as they often use that as an excuse to do what benefits them primarily.
The decision should be determined by the instructions received by the active voters, not the majority i.e. if 3% of fund investors reply, the decision is taken based on their instructions and the 97% who didn’t respond should be regarded as having given tacit consent.
Emulate France’s ban on food waste by requiring all food retailers to give away unsold edible food for free in their stores or donate it to charity.
Repeal the Universal Credit & Personal Independence Payment Act in its entirety. People seeking employment would be given a job under our new Job Guarantee programme, and the disabled will be supported with a generous reintroduced Disability Living Allowance. The disabled are not inferior to the able-bodied nor less deserving of a high-quality life. They will never be made to live like paupers under a People Power government.

DETAILS
INCREASING THE STATE PENSION TO 75% OF AVERAGE EARNINGS
This proposal outlines a 5-year transition to lift the UK state pension from £11,500 per year to 75% of median pre-retirement earnings (~£20,000 per year by 2030), adding £5,000-per-year increments.
1. TARGET CALCULATION: 75% OF PRE-RETIREMENT EARNINGS
Median UK full-time wage is c. £35,000 per year (as of 2025).
75% target: £26,250 per year, but phased from current £11,500.
Adjusted target: Given pensioners often have lower housing costs, a £20,000 per year floor is proposed (c. 57% of median wage, up from current 33%).
Annual Increase:
2029
Increase: +£5,000
New Pension Level : £16,500
Percentage of Median Wage: 47%
2030
Increase: +£5,000
New Pension Level : £21,500
Percentage of Median Wage: 61%
2031
Increase: +£3,500
New Pension Level : £25,000
Percentage of Median Wage: 71%
2032+
Increase: With inflation + productivity adjustments
Percentage of Median Wage: Maintained at 75%
2. FUNDING: MMT-COMPLIANT MECHANISMS
Since the UK issues its own currency, "funding" is about managing inflation, not finding money.
KEY TOOLS:
1. Fiscal Policies to Offset Demand
Boost pensions without immediate taxes as the economy has slack post-Brexit.
Introduce progressive taxes if inflation nears 5%:
Wealth tax of 5% on assets over £3m.
Land Value Tax to replace Council Tax which would dampen housing inflation.
2. Supply-Side Investments
Expand social care and public housing to absorb pensioner demand.
Subsidize energy and transport for elderly to reduce cost-push inflation.
3. Job Guarantee (JG) Backstop
Ensures labour shortages don’t spike wages as pensions rise.
3. INFLATION CONTROL: SECTOR-SPECIFIC STRATEGIES
Healthcare
Inflation risk: Surge in demand from elderly.
Solution: Train and hire JG workers as carers.
Housing
Inflation risk: Pensioners compete for housing.
Solution: Build 100,000 social homes per year.
Food
Inflation risk: Higher disposable income = more spending.
Solution: VAT exemptions on staples, with price caps if needed.
4. POLITICAL ROLLOUT PLAN
Phase 1 (2029–2030): "Emergency Elderly Rescue"
Narrative: "After austerity and Covid, pensioners deserve dignity."
Policy: Fast £5,000 hikes.
Checks: Monitor core inflation (excluding volatile energy and food).
Phase 2 (2031–2032): "Sustainable Solidarity"
Narrative: "Pensions now linked to Britain’s prosperity."
Policy: Slower rises + new taxes on top 5%.
Checks: GDP growth vs. pension costs.
Phase 3 (2033+): "Automatic Stabilization"
Narrative: "Pensions rise with wages, forever."
Policy: Formula tying pensions to 75% of median wage.
5. EXPECTED OUTCOMES
Elderly poverty eradicated by 2031.
GDP boost of +1.5% from pensioner spending.
Inflation peaks at 4.5% in 2030, then stabilizes.
Fiscal deficit rises to 8% of GDP, but debt-to-GDP ratios are irrelevant when MMT is understood.
RISKS & MITIGATIONS
Risk: Asset holders lobby against wealth taxes.
Fix: Frame as 'patriotic contribution' (e.g., "Your repayment to society for giving you the skills to get rich").
Risk: Sterling weakens if markets panic.
Fix: Temporary capital controls and BoE currency swaps.
CONCLUSION: GRADUAL RISE IS SMOOTHER
This plan proves that even without bonds or austerity, the UK can:
Raise pensions dramatically using monetary sovereignty.
Control inflation via targeted taxes and investment.
Avoid austerity traps that plagued past reforms.
SUBSCRIBE
Subscribe to our mailing list to hear about news and policy announcements