Prosperity 2030
corporatism
| Prosperity 2030 () | |
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| File:Prosperity 2030.jpeg | |
| Andy Burnham's 'magic money tree' |
Prosperity 2030 is a plan which derives from the UCL Institute for Global Prosperity and the New Economics Foundation, and is funded by the Open Society Foundation (CIA-Soros) and the Omidyar Network.
Ben Timberley believes it is Andy Burnham's undeclared manifesto, designed to enable increased defence expenditure without cutting public services.[1]
Own words
Prosperity 2030 is a costed, fully-funded, five-year programme that sequences welfare and tax reforms to reduce the cost of living and offset increases in taxation. Zero new borrowing across a parliament.[2]
Prosperity 2030 is a prototype reform programme with 30 policies in three sections: 10 Universal Services that cut the cost of living, 4 Revenue Reforms that fund them, and 16 Structural Reforms that remove the constraints on delivery. Together they raise around £101 billion a year, offset tax rises with lower living costs, and leave around £38 billion of addition fiscal space with no new borrowing.[3]
Economic growth is key
The signature move of Prosperity 2030 is the sequencing: new Universal Services drive down what households spend on energy, transport, food, water, and digital essentials at the same time as National Contributions simplify and modernise income tax. Universal Services deliver £1.21 of cost-of-living relief for every £1 spent, a 21% premium over equivalent cash benefits, so the combined effect is that most households end up better off even as taxation rises.
Without growth, what would be challenging but manageable could become close to impossible. The clamour for “easy answers” will only get louder. Economic growth is not sufficient for dealing with all the problems we face. But it is absolutely necessary.[4]
2030 Prosperity Alliance
The 2030 Prosperity Alliance brings together business, economists and civic leaders to close the gap between Britain's economic potential and its recent performance. Its report "Britain's Prosperity Gap – Establishing the Baseline" was published in 2026.
Members
Its members are:
- Sir Jeremy Darroch, Chairman of Reckitt
- Dame Carolyn Fairbairn, former Director-General of the CBI
- Baroness Rona Fairhead, former Minister for International Trade
- Lord William Hague, former UK Foreign Secretary
- Shevaun Havilland, D-G of the British Chambers of Commerce
- Rick Haythornthwaite, Chair of 2030 Prosperity Alliance and NatWest
- Lord John Hutton, former Labour Cabinet Minister
- Philip Jansen, Chair of WPP and Heathrow
- Paul Johnson, Chief Economist and Head of Secretariat for the 2030 Prosperity Alliance
- Sir John Manzoni, Chair of SSE and Diageo
- Sir Trevor Phillips, Journalist, Broadcaster and former Chair of the EHRC
- Paula Reynolds, Chair of National Grid
- Caroline Silver, Chair of Barratt Redrow
- Scott Wheway, Chair-Designate of Legal and General
Open Letter
The Alliance published this open letter:
If the UK had matched the rest of the G7’s average per capita growth since the financial crash, our economy would be £93bn larger. The additional tax revenue alone could cut the basic rate of income tax by 5p or increase NHS spending by 20%.
Britain has enormous economic strengths and could match this rate of growth in the 2030s if our political leaders are supported to prioritise decisions for the long-term.
For too long, businesses and almost every other stakeholder have come to Westminster with narrow demands to protect what we have rather than to shape what the country needs. If politics is trapped in quick fixes, business and civic institutions have too often encouraged it.
It is an unenviable time to be a politician: structural problems reflect decisions made years earlier, while democratic accountability demands quick results. The difficult trade-offs needed to strengthen the UK economy must be set out clearly and command broad support – something our politics has historically lacked. The 2030 Prosperity Alliance aims to fill that gap: our analysis seeks to inform policymakers and test competing solutions with businesses and the public.
We are an apolitical campaign focused on harnessing Britain’s competitive advantages to deliver a decade of rising prosperity and close the “inaction gap” between what the country needs and what politics alone can deliver.
This is possible. We have already spoken to voters: two-thirds of young people (under-35s) say things in Britain can improve, with just 28% saying our best days are behind us.
Future generations will inherit the consequences of our short-termism. They are optimistic and deserve better.[5]
References
- ↑ "The media is lazy as hell about Burnham's non-existent manifesto, because it does exist"
- ↑ "Coordinated reform for the UK: Universal Services + National Contributions"
- ↑ "Prosperity 2030 – Summary"
- ↑ "Britain's prosperity gap – This paper is dedicated to the memory of Sir Alex Younger KCMG"
- ↑ "2030 Prosperity Alliance – Who We Are"