How the Parties Are Planning to Spend Your Money

Regardless of which party will win the general election on July 4, the next UK government will inherit the highest debt level in over 60 years, the highest tax burden in over 70 years, and growing demand on public services. So how is the next government planning to tax and spend your money? Both major parties have avoided throwing big numbers around in their manifestos and promised more of what not to do rather than what to do. They have promised not to hike major personal tax rates and corporation tax rates while remaining tight-lipped about some smaller taxes and potential spending cuts. The Tories pledged £17.2 billion in tax cuts while Labour and the Liberal Democrats promised some increased tax and spending, but all by relatively small amounts....