LIFE will ensure that all money raised from Income Taxes, National Insurance, Inheritance Tax, and other personal taxes are only spent on public services.
Public services include the NHS, education, transport, housing, food, communications, as well as public safety, legal aid, and our democracy.
To provide the additional revenues to cover the cost of the expanded public services (WellFair) we will halve the personal allowance, treat capital gains as income, set corporation tax at the same as income tax, and change inheritance tax rules to a lifetime allowance of £1,000,000 per person.