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Independent Group MP Chuka Umunna today unveiled his "vision" for the future of the UK as he says it is time for a new "progressive" party to change British politics.

Mr Umunna, spokesman for the recently formed Independent Group of MPs published a pamphlet outlining six key values that he believes progressive politicians could "rally around", marking the first move by the new group towards a debut manifesto.

The Streatham MP has included bold proposals including a compulsory form of "national service" for school leavers, state funding of political parties, and ending excessive pay in the boardroom.

His ideas are due to go into TIG's first policy forum, however the MP has insisted they "should not be considered a manifesto or the official policies of our group".

It comes two weeks after 11 MPs dramatically defected from the Labour and Conservative parties to form the new group.

Mr Umunna told the Standard yesterday the group has set a deadline of this autumn to launch themselves as a fully fledged party.

Writing in the pamphlet, TIG's frontman said: “It is time we dump this country’s old-fashioned politics and create a new politics that does justice to who we are today and gives this country a politics fit for the 21st Century not the last one. A politics that looks, listens and learns from ideas and experience elsewhere in the world to better inform the course we take at home.

"Our departure from the status quo parties was in part framed by reference to what we were against and what we disliked both about the policies and the cultures of what we had left. This pamphlet sets out what I think those who subscribe to progressive politics are actually for."

In the document, Mr Umunna set out six key values for a progressive party: Unity, Reciprocity, Work, Family and Community, Democracy, and Patriotic Internationalism.

He then put forward seven new ideas "intended to start, rather than finish, debate".

The idea was to "start a national conversation" rather than offer "prescriptive policies", Mr Umunna wrote.

These include:

A new form of ‘Public Benefit Companies’ putting public benefit at the heart of utilities

Ending excessive pay in the board room

Introducing means-testing tuition fees to support students who need most support and re-introducing maintenance grants. This would allow resources for a 'skills revolution' campaign backed by serious money and a Minister sitting in Cabinet

Equalising rates of tax on income and dividends and using the proceeds to fund universal childcare

Hypothecated NHS tax to help it meet the needs of an ageing society

Introducing compulsory ‘Citizen’s Service’ for school leavers

​State funding of political parties

The pamphlet also looks into greater detail at economic challenges facing Britain, technology and foreign policy.

Throughout the document Mr Umunna stressed how British politicians should "open their eyes" and learn more from policy iniatives being undertaken in other countries to tackle the same and similar big challenges to those faced by the UK.

He said this new agenda can only be pursued through a new progressive party.

“The truth is too many progressive people are sitting in parties which, through those parties’ words and deeds, are no longer true to their values," he said.

"This leads to the inescapable conclusion that our politics needs to be reconfigured to better reflect modern Britain and that it is time for the different progressive political traditions to come together under one roof – a new progressive party.”

TIG MPs held talks about becoming a political party earlier this week, with the aim of putting forward candidates at the next General Election.

TIG is formed of eight MPs who left Labour and three who quit the Tories.

The other TIGS are Luciana Berger, Sarah Wollaston, Heidi Allen, Anna Soubry, Chris Leslie, Gavin Shuker, Mike Gapes, Ann Coffey, Joan Ryan and Angela Smith.