How do Tory and Labour financial election pledges stack up?
By , 5 Jun 17
With only a few days to go until the results of the 2017 snap UK election are revealed, we looked at the Tory and Labour party manifestos to see how their pledges on business, tax and pensions stacked up.
Tax
Conservatives
The Conservatives have stood by earlier commitments to raise the 40p tax threshold to £50,000 by and to raise the personal tax allowance to £12,500 by 2020.
No increase in VAT is outlined in the 2017 manifesto but former Prime Minister David Cameron’s promise that there would be no rise in income tax has been scrapped.
Instead the party has made a general promise to lower tax and simplify the system.
Tags: Pension
