Plus: how death taxes are killing the housing market
Wednesday, October 30, 2019 |
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Telegraph Money | The week's most important personal finance news, analysis and expert advice, from pensions and property to investment ideas and savings tips. |
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The Telegraph take | By Stephanie Baxter Deputy personal finance editor |
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Boris Johnson’s plea to end the deadlock on Brexit has been finally answered. Britain will go to the polls on Thursday December 12. We might be weary of politics but the outcome of our first December election since 1923 could fundamentally change the course of this country. While the bookies are pricing in a Tory majority at the polls, the prospect of a Labour-led government is a real possibility. Politicians may be obsessed by Brexit but there are so many other important issues at hand. Ahead of the election campaign officially starting next week, Telegraph Money has looked into what a Corbyn government could mean for your personal finances. The Labour leader wants to force higher earners to pay effective income tax rates of more than 67pc. Under his proposals, landlords would be forced to pay their tenants' council tax bills and families would forego 875,000 in inheritance tax breaks. Labour plans to charge VAT on private school fees for the first time and there are also concerns Corbyn could review tax relief and come down hard on savers. Could the savings allowance and Isa allowance come under pressure? We also have tips on how to Corbyn-proof your investments: what is the likely impact of a Labour government on your portfolio and what you can buy to protect your money. Aside from Brexit and politics, we are launching a new series on 'How I bought my first home – without the Bank of Mum and Dad'. If this is you, or someone you know, we'd like to hear from you. Get in touch at [email protected] Find out more and get money tips and advice on the Telegraph website, where you can subscribe for just 2 a week. It's free for 30 days. Try it here. |
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The final Moral Money podcast |
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In the last episode, our front-page cartoonist Matt discusses if it's wrong to fly business class and put your kids in economy, and asks whether you should charge your daughter rent for living at home during university. Listen here, or on Apple Podcasts, Google, or Spotify. |
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Katie Morley investigates |
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You have the last word... |
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Contact us: to pose a question to our team of expert reporters, email [email protected]. If you'd like a free financial plan, email [email protected] with the subject 'Give me a Money Makeover'. Join our new investment-focused Facebook group to debate the latest share tips and investing trends. |
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