Tax on millionaires proposed as People Before Profit calls for ‘radical change’

Tax on millionaires proposed as People Before Profit calls for ‘radical change’

Only a radical change in the distribution of wealth in Northern Ireland can repair the damage of 14 years of Conservative “devastation”, according to People Before Profit.

The party presented its election manifesto in Belfast on Monday.

It calls for a “radical redistribution of wealth” to increase investment in public services and “improve” working people.

The party has proposed raising corporation tax to 45% on company profits above £125,000 and introducing a specific wealth tax for millionaires. The UK corporation tax rate is currently 25%.

Campaign for the 2024 general election
Gerry Carroll at the launch of his party’s manifesto in Belfast (Liam McBurney/PA)

The party’s sole MP, Gerry Carroll, presented the manifesto at a meeting in Mac Belfast.

“Our manifesto for radical change is a call to upend the Tory political agenda that has devastated working-class communities for 14 years,” he said.

“People Before Profit is campaigning for a radical redistribution of wealth, for investment in public services and for supporting all the people who have been let down by Tory and Stormont misrule.

“These elections are an opportunity to elect combative MPs who will use their platform to put the working class at the heart of politics.

“We will demand taxes for the rich, an end to the healthcare crisis and investments in our schools and social housing. We will fight to raise workers’ wages, improve their conditions and defend their living standards.

“A vote for ‘People Before Profit’ is a vote to reject a political and economic system that puts the wealth of a few before the interests of the vast majority.

“We will stand up to those whose selfish interests are bringing us closer to climate catastrophe and fueling war and militarism around the world.

“Working class people need representatives who can stand up to the Westminster establishment. Stormont leaders have implemented 14 years of Tory austerity and they cannot be trusted with this task.”

Campaign for the 2024 general election
A person holds a copy of the People Before Profit election manifesto during its launch at The Mac Belfast (Liam McBurney/PA).

Mr Carroll said his party would be a “powerful voice for solidarity with Palestine” and “oppose Israel’s genocide in Gaza”.

“We will put the demands of the BDS movement at the center of the political conversation and call for an end to the apartheid regime,” he added.

“People Before Profit representatives will stand up for those facing injustice and hardship and use our platform to build grassroots movements for social and economic transformation.”