Qualified advisers answering your
Financial Questions
call 0800 092 1245

How will the Conservative party save £23 billion over five years?

Ambitious plans by the Conservative party to save UK taxpayers £23 billion over the next five years have caught the attention of the financial press today. Among a number of measures the Conservatives are looking to introduce a one-year pay freeze on civil servants earning over £18,000 a year, introduce a £50,000 a year cap on pension payments for senior civil servants, reduce the cost of Whitehall by 33% thereby saving £3 billion and finally abolishing tax credits and baby bonds for those earning over £50,000.

There are also a number of other issues which the Conservative party will be addressing in order to bring down the UK national debt and balance the budget. However, contrary to popular belief it would appear that the Conservative party is more than willing to take tax benefits and other payments from those in the higher earnings bracket, something that will astound the Labour Party.

There is a feeling at the moment that the Conservative party would appear to be one step ahead of the Labour Party and more in tune with UK voting habits and requirements than ever before. Whether this will continue up to the next general election remains to be seen but so far the Conservative party has remained very resolute and failed to put a foot wrong. However, there is still a long way to go!

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details