The Conservatives have just achieved their best electoral
performance in several decades, securing a considerable majority in
Parliament which will pave the way to delivering their manifesto
commitments. While the commentators and the psephologists bicker
about what this result 'means' (whether it is anti-Corbyn
or pro-Brexit or something else), many will be asking the more
practical questions about how to look forward and plan in the light
of the Conservatives' manifesto promises.
Tax rates
As covered by our previous article on the
Conservatives' election manifesto, many tax rates will not
change. Income tax, VAT and National Insurance ('NI') rates
will be frozen. Furthermore, it has been promised that the NI
threshold will be raised next year to £9,500, leading to a
modest saving of around £100 for affected taxpayers.