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Capital Debt Reduction

Reduction by recovering funds from prior events identified by AI as recoverable.
AreaChanged Billions
Asset Sales -£65.02
Taxation Timing Changes -£75.00
Covid -£79.00
Crime -£5.00
Energy Collection of Subsidy -£30.00
Fraud and Errors -£20.00
HS2 -£5.00
Private Finance Initiatives -£4.00
Recovery from Third Parties -£2.00
State Benefit Paid Date -£5.00
Tax Evasion -£20.00
Unclaimed Assets -£50.00
Total-£360.02

Asset Sales

Reduction £65.0 Billion

Asset Sales Country House Sale

Policy:

The sale of Government owned "grace-and-favour" properties used by MP's could generate an estimated £40-£50 Million.

While this amount is small compared to the National Debt, such sales would be a powerful symbolic act.

National Debt Reduction of £-20 Million

Asset Sales Land and Property Sales

Policy:

A strategic sale from UK government vast portfolio of underused and not used land and buildings could generate an estimated £10 Billion.

National Debt Reduction of £-10 Billion

Asset Sales State-Owned Enterprise Sales

Policy:

The sale state-owned enterprises such as Channel 4 and Ordnance Survey could raise substantial funds without lessening the benefit government provides.

National Debt Reduction of £-5 Billion

Covid

Reduction £79 Billion

Covid Recovery of Covid Furlough at 2.5% of Salary

Policy:

Contribution of 2.5% from earnings from those individuals who received the benefit of the furlough scheme.

Matching cost to the person benefiting, in a manageable way.

National Debt Reduction of £-40 Billion

Covid Recovery of Covid Self-Employed Grants

Policy:

Self-Employment Income Support Scheme (SEISS) recipients repay 10% contribution of the total grant value paid back annually until cleared.

National Debt Reduction of £-4 Billion

Covid Recovery of Rates Relief when Companies did not need it

Policy:

Recoup Covid grants and Rates relief from companies that did not experience a significant financial downturn during the relief period.

National Debt Reduction of £-5 Billion

Covid Full Recovery of Covid Loans

Policy:

Full Recovery of all Covid Loans paid out, including the fraudulently obtained ones.

National Debt Reduction of £-30 Billion

Crime

Crime Sell Seized Criminal Cyber currency

Policy:

Sell the cryptocurrency that the UK law enforcement has seized from criminals.

National Debt Reduction of £-5 Billion

Energy Collection of Subsidy

Energy Collection of Subsidy Recover the Energy Subsidy from Future bills

Policy:

When wholesale energy prices fall below a pre-defined, stable level, a small portion of the consumer saving can be automatically redirected to pay down the £65 Billion energy subsidy paid out.

National Debt Reduction of £-30 Billion

Fraud and Errors

Fraud and Errors Recover Benefits and Grants with Fraud and Errors

Policy:

Reclaim historic fraudulent benefit and grant claims with a modern, methodical, determined approach, targeting a recovery of at least £20 Billion but hopefully more.

National Debt Reduction of £-20 Billion

HS2

HS2 HS2 Salvage what can be Salvaged

Policy:

Identify where money has been misspent and now not needed on HS2 and determine what can be clawed back for the taxpayer.

National Debt Reduction of £-5 Billion

Private Finance Initiatives

Private Finance Initiatives Modifiy Terms of Private Finance Initiatives

Policy:

A specialist task force must be created to aggressively renegotiate all Private Finance Initiative (PFI) contracts and a law change may required to aid this endeavour.

National Debt Reduction of £-4 Billion

Recovery from Third Parties

Reduction £2 Billion

Recovery from Third Parties Blood Scandal Recover Compensation from Suppliers

Policy:

Suppliers of the contaminated blood products must be compelled to make a substantial contribution to the victim compensation fund.

National Debt Reduction of £-1 Billion

Recovery from Third Parties Post Office Scandal recover money from Fujitsu

Policy:

Fujitsu, the company that designed and profited from the defective system, must be compelled to make a substantial contribution to the compensation fund.

National Debt Reduction of £-1 Billion

State Benefit Paid Date

State Benefit Paid Date Change State Pension Date Paid

Policy:

Contribution of 2.5% from earnings from those individuals who received the benefit of the furlough scheme.

Matching cost to the person benefiting, in a manageable way.

National Debt Reduction of £-5 Billion

Student Debt

Asset Sales Student Debt Recovery

Policy:

Incentivise Early Repayment of Student Debt: Offer a significant discount to graduates who can pay off their loans early.

National Debt Reduction of £-50 Billion

Tax Evasion

Tax Evasion Tax Evasion Historic

Policy:

A Tax Honesty Window: allow individuals and businesses to declare any unpaid tax from previous years and settle their accounts by simply paying what is owed, without the threat of additional fines.

Aggressive Pursuit: Once this window closes, a new, dedicated task force could be launched to aggressively pursue tax evaders.

National Debt Reduction of £-20 Billion

Taxation Timing Changes

Reduction £75 Billion

Taxation Timing Changes Bank & Fixed interest payments

Policy:

Tax on bank interest and fixed-interest bonds paid to companies and individuals should be deducted at source.


Taxation Timing Changes Payment of Corporation Tax

Policy:

Shorten the payment deadline for all companies from nine months to six months after their year-end.

For companies with expected tax bills over £500,000, a "payment on account", requiring 30% of their estimated tax to be paid during their trading year.

Remove the outdated concession that allows the largest companies to pay their tax in quarterly instalments long after profits have been made.

National Debt Reduction of £-30 Billion

Taxation Timing Changes Timing on Corporation Tax reliefs

Policy:

Change the 100% First-Year Allowance on business investment, to one that writes off over the lifetime of the asset.

National Debt Reduction of £-15 Billion

Taxation Timing Changes Submission date of Income Tax Return

Policy:

Bringing the deadline for Income Tax return submission and final payment forward to 31st October, from the current 31st January the following year.

National Debt Reduction of £-20 Billion

Taxation Timing Changes VAT change to monthly return

Policy:

Switching to mandatory monthly VAT returns, from the current three month returns.

National Debt Reduction of £-10 Billion

Unclaimed Assets

Reduction £50 Billion

Unclaimed Assets Unallocated Tax Receipts

Policy:

HMRC's bank account of unmatched funds that have built up over the decades be used to pay down the National Debt.

National Debt Reduction of £-15 Billion

Unclaimed Assets Unallocated Assets

Policy:

Claim the unclaimed financial assets, mainly Pension pots, in dormant accounts where the owners are unknown or cannot be traced.

National Debt Reduction of £-35 Billion