Parliament

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Money can go for those that rotate about Christmas overseas this year

As the country considered the election results, the thoughts of the people, to the potential impact on your finances.

money-matters are often back in the forefront of this, expensive time of the year. The December election is likely to mean that some changes to the pound in the pocket, before the winter is, with other changes more in the long term.

Here are some of The Most important topics are Manifest, based on the Conservative Party , his plans of The Campaign , and promises are while you.

Overseas Christmas holiday boost

Those who are traveling abroad for Christmas, you Will find your holiday money go a little further.

The versus the US dollar and The Euro , when the Conservative victory was clear, and this Will now be added to the prices in the currency exchange.

But, overseas, in This Time of year can be very expensive, so this brings only a little relief.

A price quote postponed within 100 Days

The big set-piece, the financial event of the year was planned for November, but was because the Prime Minister called an election.

During The Campaign , Boris Johnson promised a budget within 100 Days after the day of the election, when the Conservatives were elected. This is likely to mean that a Budget in February or March, setting, taxes, changes to social benefits and allowances In Time for the start of the new fiscal year in April.

Mr Johnson promised that a Tax relief for workers through an amendment to The National insurance confirming that The First budget.

The current threshold value of the employees looks at pay social insurance contributions as soon as you earn £8,628 a year. The Conservatives said that this would rise to £9,500.

calculates the Economists at The Institute for Fiscal Studies (IFS), that would be worth around £85 Per year for those with an income of over £9,500 Per year.

This Budget and all subsequent requests during this five-year Parliament - Will see no Income Tax or VAT rises (or National insurance increases), according to A Promise in the Conservative Party Manifesto. However, this was described as "bad advice" is by the IFS, due to the possible lack of room for financial manoeuvre.

Pension plans outsourced up?

The Budget is likely to confirm a 3, the expected, the largest increase in the statutory Pension insurance since 2012 retired, to get. 9% increase.

The full new state Pension is expected to be £168. 60 a week to about £175. 20 in April. However, the majority of pensioners get older the basic state Pension , which is likely to go up from £129. 20 to £134. 25, - Per week. You Will also receive a Pension credit top-up.

The increase is the result of the triple-lock system, which means that The State Pension rises in line with inflation, earnings or 2. 5%, whichever is the highest. The Conservatives have pledged to hold this in place, as with the winter fuel payments and free bus passes for older people.

One of the pensions, the draft law is to use one of Mr. Johnson's sentences, oven-ready. It was was called before the election, and contains new protection for those who allow with the workplace pensions reforms, a new type of shared-risk Pension scheme available.

There is also a longer-term promise in the Manifesto is, to a retirement "loophole" has seen workers disproportionately Women earning Between £10,000 and £12,500 is Missing out on Pension .

A difficult road for some Pension activists

before, in Spite of A Number of Pension changes, it's hard to see how they contain a compensation for Women in the 1950s born in the faith, that you missed to injustice in The State Pension .

Women , The State Pension , the protesters outside court

There have been no promises made by the so-called Waspi (Women Against state Pension inequality), although they continue to address pressure on the government to address the issue.

The separate Backto60 group, the lost campaigns on the same issue, recently. to Increase

to the minimum Wage ahead

At the Conservative Party conference in September the Chancellor, Sajid Javid added lift, says The National Wage to £10. 50 an hour within the next five years. The current exchange rate for over 25s is £8. 21.

The age at which workers qualify for The National Wage - the highest level of the minimum Wage is set to drop from 25 to 21 within five years.

The Rise In House prices?

commentators have suggested that there is pent-up demand in the UK housing Market - particularly in London. Both buyer and seller were you such a large financial commitment, due to political and economic uncertainty.

Now, The First is from the table, to a degree, of the size of the Conservative majority, there Will be more transactions. More demand could push up prices - which is good for sellers, but bad for The First time buyer.

But, a commentator says, it is a short-term phenomenon.

"We leave only a modest price growth in the year 2020 on the basis that, despite the domestic political uncertainty, economic uncertainty Will remain until a trade is agreed to deal with the EU," says Lucian Cook, director residential research at us.

"This could mean a jump in demand, which proves The First part of 2020 to get difficult to maintain through the summer and into the autumn Market . "

tuition freeze

It is A Promise in the Manifesto to be carefully "thought through" proposals in the criticism to student Finance and University and college funding, led by Philip Augar.

In the short term, this further suggests the current freezing of tuition fees in England on the current level of £9,250.

the benefits system changes to plow in

Universal credit was one of The Most controversial reforms benefit from A Generation . A Conservative victory means that the roll-out across the country is now more.

Universal credit is a benefit for working age people, Will replace six benefits-including social assistance and housing benefits, and merging them in a single payment.

The Department for work and pensions announced in November that the job-search age benefits such as universal credit and job seekers allowance would increase by 1. 7% from April.

It ends with former Chancellor George Osborne decision for the introduction of a freeze, which, according to the IFS, cut an average of £560 Per year from the revenue of the country to the poorest seven million families since 2016.

long-term promises

The Conservative Manifesto promised free Parking in hospitals for people with disabilities, people who are staying at the outpatient clinic often, the parents of sick children and staff the night shifts.

It also promises to pave the way for longer-term mortgage, similar to a US system, to be overcome, although there are some regulatory and practical hurdles before that becomes a reality. There are questions also about whether the demand for such products among people who want to move more often.

Mr Johnson also spoke in the course of The Campaign , and he has a plan to abolish the 5% VAT rate on sanitary products, once the UK leave the EU, which he called the "tampon Tax ".

personal finance, pensions, money

Source of news: bbc.com