Adrian Ramsay Defends Green Party's Modest Tax Plans
The Green Party, led by Adrian Ramsay, plans to raise an extra one hundred seventy-two billion pounds annually by 2030 through modest tax increases. Ramsay defends these proposals, stating they are normal by European standards and essential for public services and carbon emission reduction. Despite criticisms from the Institute for Fiscal Studies, the Green Party believes their plans are realistic and necessary.
Adrian Ramsay, co-leader of the Green Party, has defended the party's tax proposals, describing them as 'fairly modest' by European standards.
The plans aim to raise an additional £172bn per year by 2030 to fund public services and reduce carbon emissions.
Key measures include a new tax on carbon emissions, a wealth tax on high-value assets, and increased National Insurance for high earners.
Despite the Institute for Fiscal Studies labeling these plans 'wholly unattainable,' Ramsay argues they align with European norms.
The party also proposes increasing government borrowing for long-term investments in the economy, health, education, and social housing.