Key policies

  • Replace the Bank of England's inflation target with a Nominal GDP target based on a futures market.
  • In the short term, raise minimum bank capital requirements and end the risk-weighted asset framework.
  • In the long term, move towards 'free banking' – abolish deposit insurance and reserve requirements, ban bank bailouts, and allow insolvent banks to fail.
  • Denationalise money, allowing any private bank to issue its own currency.