The Queen’s speech: How will it affect your personal finances?

The 2017 Queen’s speech was delivered after a General Election that has left the Conservative party without a majority. This has forced Theresa May to drop many of the big manifesto promises. So, what stays? What has been cut? And how will your personal finances be affected? Brexit Unsurprisingly, Brexit dominated much of the Queen’s speech, with eight of the 27 bills being brought forward covering subjects such as: Repeal Bill Introduced to convert EU law into UK law. Customs Bill Ensures that the UK has a standalone UK customs regime on exit, flexibility to accommodate future ...

How will the Queen’s speech affect your personal finances?

How will the Queen’s speech affect your personal finances?After the shock General Election victory for the Conservatives, the Queen’s Speech, which was delivered yesterday, set out the Government’s plans for the months and years to come. How will your personal finances be affected? Will you be better or worse off? Read on as we reveal all. Tax The legislation likely to have the largest impact on your personal finance is the ‘National Insurance Contributions and Finance Bill’, which includes commitments that: Income tax, VAT and National Insurance will not increase during the next five ...