The MoneySavingExpert.com founder explained what could happen next after Labour secured a landslide victory against the Tories
Martin Lewis has shared his thoughts on the implications of Labour's General Election victory for personal finances.
"Of course, we all know that already... I've been pushing candidates from all parties of what they're going to do to fill the huge black hole in the nation's finances. I think what that means for the cost of living, is the Government will be looking at things that do not cost the exchequer a lot of money to do.
The MSE founder suggested that Labour might consider raising Capital Gains Tax to address the fiscal gap, although this hasn't been explicitly stated in their manifesto, leaving uncertainty about whether this will occur. Capital Gains Tax is charged on the profit from selling an asset that has increased in value.
"It is a lot cheaper to make profit than it is to make income. You're taxed a lot less on profit you make, on selling assets, than you are on earning money." On the subject of housing, Martin noted: "Let's see if they can deliver that one. They're also talking about finally banning Section 21 'no fault' evictions.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Martin Lewis unhappy over risk of tax raid as he slams Labour positionMartin Lewis’ chat with the shadow work and pensions secretary for Labour didn’t bring the answers he was looking for
Weiterlesen »
Labour: Liz Kendall 'loses temper' with Martin Lewis in GMB exchangeA LABOUR MP candidate has clashed with TV host Martin Lewis while live on a popular breakfast show over the council tax system ...
Weiterlesen »
Martin Lewis in general election tax spat with the Tories over Labour planThe money saving expert did not appreciate the Conservatives suggesting a private conversation with a Labour figure had been about tax.
Weiterlesen »
John Lewis careers: 12 of the best job opportunities at John Lewis, salaries and payThe roles pay up to £92,400 🛍️
Weiterlesen »
Body found in search for Martin Lewis' former MoneySavingExpert colleagueAnthony Hill went missing from his home address in Norwich on Monday morning and sparked national interest due to his conenctions to Money Saving expert Martin Lewis.
Weiterlesen »
Martin Lewis shares heartbreaking tribute to former colleague after body foundITV host Martin Lewis paid tribute to Anthony Hill, who went missing from his home address in Norwich on Monday morning and sparked national interest due to his connections to the Money Saving expert.
Weiterlesen »