Zack Polanski plots economic overhaul as hit hits out government ‘failure’

PoliticsBusiness & Finance
18 Mar 2026 • 10:39 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

image is not available

  • Green Party leader Zack Polanski outlined his economic vision, criticising the government's "failing fiscal rules" and proposing an overhaul of the UK's tax system to ease inflation and end "rip-off Britain".
  • He pledged to implement a wealth tax as a "day one priority", proposing a 1% tax on wealth over £10bn and 2% on over £1m, aiming to raise approximately £15bn annually.
  • Polanski called for government intervention to prevent a rise in energy prices for UK households following the Middle East conflict, suggesting strengthening the windfall tax and equalising capital gains tax with income tax.
  • He criticised the economic impacts of Brexit, stating the economy is 6-8% smaller, and expressed a desire for the UK to rejoin the European Union or at least the Customs Union.
  • Further proposals included implementing rent controls, nationalising water companies, and replacing current fiscal rules with "fiscal referees" while re-evaluating the Office for Budget Responsibility.

IN FULL

Newswav Malaysia Best News App

Newswav is an online content aggregator and obtains its content from different online sources. The content in the app do not belong to Newswav nor do they reflect the opinions of Newswav and its staff. Your use of this app indicates your understanding and acceptance of this information.

Newswav Sdn. Bhd. (201701008480 (1222645-M)) 2026 All Rights Reserved