Ireland 
USA 
The UK General Election 2024 - post analysis
After the election win for Keir Starmer’s Labour party, the new government aims to firm up its policies on tax, pensions, savings and legislation. We explore the impact of these changes and what these could mean for you, your family and your business.
You and your family
After 14 years of Conservative leadership, the new Labour government is likely to bring about several changes in many areas of life, including personal finance and wealth management.
The manifesto published prior to the general election outlined Labour’s plan for VAT on private school fees, and while not specifically stated at present, the party are expected to review the current allowances and rules surrounding pensions, inheritance tax and capital gains tax to name a few.
Take a look at our articles and videos where we take a deeper dive into the finer details as the new government reveals its finance-related policies and see what impact the changes could have on you and your loved ones.
General election articles
Labour and Capital Gains Tax (CGT) - What might we see from the new Government?
While the Labour manifesto stated there would be no increase to the basic, higher, or additional rates of income tax or to national insurance, it made no mention of capital gains tax.
Labour and inheritance tax: what might we see from the new Government?
After 14 years out of power, the new Labour Government now has the opportunity to make changes to the tax system
An update on Labour’s non-dom tax policy
On 29th July, the Government published a paper on the taxation of non-UK domiciled individuals ahead of the Autumn Budget scheduled for 30th October
Keeping (financially) fit and flexible for the new government
The election was another key race to watch
Tax and pensions following Labour’s win
Here, we discuss what we know so far about Labour’s finance-related policies and what other potential changes could be on the horizon
What does Labour's victory mean for investors?
The UK has a new Labour Government at the helm, but what will this mean for the economy and your investments?
General Election 2024: Comparison table of party tax policies
With numerous manifestos launched over the last few weeks, we have summarised some of the key tax policies intended to provide an overview of where support sits for specific policies over different parties.
Get ready for a sterling revival under Labour
In foreign exchange markets, sterling has had a tumultuous time under the Conservatives. After reaching a high of $1.741 in the summer of 2014, shortly after Nigel Farage’s UK Independence Party won most votes in the European parliamentary election, the pound has generally been trending lower versus the US dollar.
See how Labour’s manifesto could impact your finances
Watch our analysis of Labour’s election manifesto and discover what effect it could have on your money
General Election 2024: Reform UK tax policy
The Reform UK party published its 2024 General Election plan, which is described as not a manifesto but “Our Contract with You” on Monday 17th June. Reform UK states that it will “cut taxes to make work pay” and “slash wasteful spending to increase funding for frontline public services and reduce taxes for working people”. The party has acknowledged that it will not win this General Election, but regards this election as the first step towards its 2029 election campaign.
General Election 2024: Green party tax policy
The Green Party published its 2024 General Election Manifesto, titled “Real Hope, Real Change” on Wednesday 12th June. It includes a commitment to “tax multi-millionaires and billionaires to fund our public services” and notes that we can make different choices “by taxing wealth fairly and by taxing pollution to generate enough money to rescue our public services and in protecting our climate”.
Tax policy comparison: Labour and Conservative Parties
The table below summarises the key tax policies contained in the Labour and Conservative Party manifestos. It may not include every measure, so for more insights please visit our Election hub.
General Election 2024: Labour tax policy
The Labour Party published its 2024 General Election Manifesto, titled “Change”, on Thursday 13th June. The manifesto refers to the need for an enduring partnership with business to deliver economic growth, with more focus on long-term strategy, “making everyone, not just a few, better off” and “determination to build and share wealth”. It commits to keeping taxes as low as possible, with a focus on keeping taxes down for most working people, which is in line with the Conservative manifesto.
Labour manifesto clamps down on tax avoidance, introduces VAT on private schools and signals review of pensions
Labour’s manifesto is billed as focusing on ‘wealth creation’ but the overall approach is ‘safety first’ and there are concerns that state pensioners could get taxed.
Conservatives unveil tax-cutting manifesto but omit inheritance tax
The Tories’ election manifesto focuses on tax cuts - here we look at what the proposed policies could mean for your finances.
General Election 2024: Conservative tax policy
The Conservatives published their 2024 General Election Manifesto on Tuesday 11th June, titled “Clear plan, bold action, secure future”. The manifesto explains that this will be “a future where hard work and doing the right thing is always rewarded, not punished with higher taxes and hidden green levies”. From a tax perspective it is primarily a manifesto for working people, as opposed to those whose income comes from savings and investments.
General Election 2024: Liberal Democrat Tax Policy
The Liberal Democrats published their 2024 General Election Manifesto, titled “For a Fair Deal”, on Monday 10th June. The tax policies announced do not include much in the way of tax cuts nor significant tax reform, although the capital gains tax changes proposed are fairly extensive, shifting to capital gains tax rates similar to income tax rates, and introducing an allowance for inflation.
General election 2024: Uncertainty surrounding the state pension triple lock, the pension lifetime allowance and inheritance tax
Will Labour reinstate the pension lifetime allowance? Will Labour change inheritance tax? These are the questions people are asking as we approach the 4 July election
Will Labour tax private schools? How to pay the fees
Private school fees in the UK are on average £6,021 per term for day pupils and £14,153 per term for boarders. This could add up to around £18,063 and £42,459 per year respectively
VAT on school fees, changes ahead?
With a General Election around the corner, which may lead to a change in Government, there is currently a lot of focus on Labour party policy. Labour has stated that it will exclude independent schools from VAT exemption, which will result in VAT on school fees.
Labour wants Bidenomics for Britain
After much speculation, a date for the general election was finally announced yesterday. We’re heading for the polls on 4 July 2024.
What the general election outcome could mean for you
The UK has a new Labour government.
Watch our expert panel event where we discuss the financial policy changes we know about along with what could be on the horizon. We look at how pensions, tax and savings could be affected, along with the possible implications for you and your family.