Do you need to start protecting your Finances now against a possible Corbyn regime?
This article is for information only and no recommendation is being made or should be construed from the contents of the article. Always seek independent financial advice prior to taking any action.
Up until the election last year, Corbyn was not considered a serious contender for prime minister. So much so that the implications of the proposed spending commitments in Labour’s election manifesto was never scrutinised seriously by most voters.
If it had been, it would have highlighted budget required to deliver their promises – which would have totalled around £100bn per year, according to a report by the Taxpayers’ Alliance. And this did not even include Labour’s plans for re-nationalisation, which could have an upfront cost of at least £176bn.
So, with the infighting of the Conservative party and Theresa May’s extremely fragile leadership, mostly brought on by the challenges of Brexit, should we now start looking ahead to see what impact a Corbyn regime would have on our finances, as it is becoming more likely with every week that passes in politics? Read more