UK General Election: Investment Update

With less than a week to go before the election, the Investment Team at Irwin Mitchell assess the latest polling data along with the main points in each party’s manifestos and what impact this could have on your wealth.

The polling data is pointing towards a labour majority larger than the 418 seats Tony Blair won when he took office in 1997.  Although Reform UK are polling in the high teens it is unlikely that this will translate to many seats, however it will be interesting to see if this has an impact on the future direction of the Conservative party.

The Labour party manifesto does not give much away as Keir and his top team look to “carry the vase over the finish line” with the main financial headlines being the introduction of VAT on fees and business rates for private schools and measures to tighten the non-dom tax regime. 

However, neither of these measures will raise nearly enough to address the squeeze on public services and therefore it has to be expected that either tax rises or public spending will be further squeezed in the future.

You can read our full update here.