Economy and taxes

Conservative

Main pledges

Achieve a balanced budget by 2025
Rule out increases to VAT
Stick with current plans to raise personal tax allowances and cut corporation tax
Review the business rates system

Economy and taxes

Labour

Main pledges

Introduce £250bn stimulus package over 10 years
No increases in personal National Insurance or VAT
Reintroduce a 50p tax rate and raise income tax for those workers who earn more than £80,000
Raise corporation tax rates to 26% by 2020/21

Economy and taxes

Labour

This issue is devolved/partly devolved to the Scottish Parliament, which is next up for election in 2021

Key campaign points

Millions more to spend on Scottish public services, creating jobs, boosting the economy and "lifting thousands of Scots out of poverty"
Introduce a real Living Wage of £10 an hour, "benefitting nearly half a million Scots"
Set up a Scottish Investment Bank with £20bn of lending power to deliver funds to local projects and Scotland's small businesses
Rule out rises in personal National Insurance Contributions and on VAT, but ask the richest to "pay their fair share"

Economy and taxes

UUP

This issue is devolved/partly devolved to the NI Assembly, which is still without an executive after the power-sharing coalition broke down

Key campaign points

Ensure that NI remains in a stable UK tin order to prosper

Economy and taxes

Lib Dems

Main pledges

Reform the business rates system, "prioritising reforms that recognise the development of the digital economy"
Support the creation of a Welsh Development Bank
Give additional funding to bring more private investment into renewable energy, such as the creation of the world's first tidal lagoon in Swansea Bay
Put a penny in the pound on income tax, enabling Wales to spend an extra £300m on the NHS and social services

Economy and taxes

Lib Dems

This issue is devolved/partly devolved to the Scottish Parliament, which is next up for election in 2021

Key campaign points

Propose adding a penny on income tax in Scotland in order to invest additional money in education and mental health
End the 1% pay cap in the public sector to enable the lifting of the pay for 540,000 public sector workers in Scotland
Exempt Police Scotland and the fire service from VAT, which will give them £35m to spend on services. (VAT is a reserved matter)
Initiate a major £100bn programme of capital spending across the UK, that will have a share spent in Scotland

Economy and taxes

Sinn Fein

This issue is devolved/partly devolved to the NI Assembly, which is still without an executive after the power-sharing coalition broke down

Key campaign points

Secure increased fiscal powers for the NI Executive
Ensure that special status for NI in the EU allows continued access to EU markets and funding
End zero-hours contracts and protect workers' rights
Explore potential economic benefits of increased all-Ireland co-operation in public services

Economy and taxes

DUP

This issue is devolved/partly devolved to the NI Assembly, which is still without an executive after the power-sharing coalition broke down

Key campaign points

Create 50,000 new jobs in NI by 2021
Reduce NI’s corporation tax rate to at least 12.5
Ensure that measures to control household energy bills are implemented in NI
Increase the National Living Wage and take action against firms that fail to pay it to staff

Economy and taxes

Lib Dems

Main pledges

Balance day-to-day spending while reducing national debt as a proportion of GDP
Add 1p onto each rate of income tax and ring-fence the money for NHS and social care
Borrow £100bn to invest in infrastructure, including housebuilding, broadband, schools, hospitals and transport
Reverse some planned cuts to corporation tax, capital gains tax and inheritance tax

Economy and taxes

SDLP

This issue is devolved/partly devolved to the NI Assembly, which is still without an executive after the power-sharing coalition broke down

Key campaign points

Oppose cuts to benefits, tax credits and and pensions
Create employment in high-value sectors that contributes to economic growth
Support spending on social housing schemes in areas with greatest social need
Protect workers' rights guaranteed in EU legislation and end zero-hours contracts
End civil service pay freeze and increase pay for teachers and medical staff

Economy and taxes

Labour

Main pledges

Introduce a £250bn stimulus package over 10 years
No increases in personal National Insurance or VAT
Reintroduce a 50p tax rate and raise income tax for those who earn over £80,000
Raise corporation tax rates to 26% by 2020/21

Economy and taxes

Plaid Cymru

Main pledges

Open a publicly owned bank
Ask for control over tax rates including corporation tax, air passenger duty and VAT
Introduce an independently verified Living Wage
Demand stringent anti-dumping measures for steel

Economy and taxes

UKIP

Main pledges

Remove VAT from domestic energy bills
Increase income tax personal allowance to £13,500 and raise 40% threshold to £55,000
Raise inheritance tax thresholds
Bring in measures to stop big corporations using "aggressive tax avoidance schemes"

Economy and taxes

UKIP

Main pledges

Raise the personal allowance to £13,500, meaning those on the minimum wage would pay no income tax
Support the devolution of corporation tax to the assembly to help create a vibrant private sector
Allow the National Assembly to lower taxes on business, particularly in areas such as the Welsh valleys and deindustrialised communities
Introduce suitable, sustainable farming funding, financed by £10bn annual savings from the UK's EU membership

Economy and taxes

Conservative

This issue is devolved/partly devolved to the Scottish Parliament, which is next up for election in 2021

Key campaign points

Set up a United Kingdom Shared Prosperity Fund, specifically designed to reduce inequalities between communities in the UK's four nations
By 2020 the personal allowance for income tax will increase to £12,500
Press the Scottish government to raise the threshold for the higher rate of income tax to £50,000
Abolish the long-haul rate of Air Passenger Duty and freeze the short-haul rate

Economy and taxes

SNP

This issue is devolved/partly devolved to the Scottish Parliament, which is next up for election in 2021

Key campaign points

Balance the UK budget for day-to-day spending by 2021/22
No increase in tax on the low paid, in National Insurance or in VAT across UK
Support a UK-wide increase in the top rate of tax from 45p to 50p
Increase the minimum wage to £10 per hour by 2021/22

Economy and taxes

Green

Main pledges

Phase in a four-day working week
Increase the minimum wage to £10 by 2020
Reform tax to raise more from the better off, including a wealth tax
Introduce a "Robin Hood" Tax on financial transactions

Economy and taxes

Alliance

This issue is devolved/partly devolved to the NI Assembly, which is still without an executive after the power-sharing coalition broke down

Key campaign points

Introduce a "tax-dodging bill" to strengthen enforcement of tax evasion
Increase the tax-free allowance for income tax
Secure the investment of an extra £85m a year in skills
Widen VAT exemptions and reduce rate for hospitality sector