How the general election could affect your finances

From pensions to tax, the newly elected government could have a big influence on your wealth

General Election: polling station
July's general election is likely to bring financial changes regardless of which party wins
(Image credit: Getty Images/georgeclerk)

With the date of the general election now set, finance is set to be a central issue with interest rates and inflation still high.

Money is still "so tight" for millions of people, said the Daily Express, meaning that the financial policies of the main political parties will be crucial in deciding who to vote for.

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Marc Shoffman is an NCTJ-qualified award-winning freelance journalist, specialising in business, property and personal finance. He has a BA in multimedia journalism from Bournemouth University and a master’s in financial journalism from City University, London. His career began at FT Business trade publication Financial Adviser, during the 2008 banking crash. In 2013, he moved to MailOnline’s personal finance section This is Money, where he covered topics ranging from mortgages and pensions to investments and even a bit of Bitcoin. Since going freelance in 2016, his work has appeared in MoneyWeek, The Times, The Mail on Sunday and on the i news site.