Political parties' manifestos 'digested' by lovemoney.com

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Political parties' manifestos 'digested' by lovemoney.com

A representative from lovemoney.com has reflected on the three main political parties' manifestos and how they will impact people's finances.

Head of consumer finance at the online organisation Ed Bowsher explained that Labour wants to bring in a National Insurance tax hike next year, which the Conservatives are opposed to.

In his view, if tax is the most pressing concern for people then the Tory party may be the right way to vote, but Labour is pressing to increase the minimum wage - a move that may also be attractive to large portions of the electorate.

Mr Bowsher added: "If you're on a fairly low income and you don't fly much, a vote for the Lib Dems could make sense. Especially, if you’re a passionate environmentalist."

He said this since the Liberal Democrats want to remove income tax for the first £10,000 that people earn and increase the levies on flying and valuable homes.

These comments follow the publication of each party's manifestos this week, with the leaders facing off for their first televised debate last night (April 15th).

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