UK General Election 2024: Impact on Your Finances – What to Know NOW!

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KEN:

I'm married to Mary (the other half of The Humble Penny) and I'm a proud dad.

Former CFO by day with over 12 years of experience in the investment business. I'm a Chartered Accountant and hold an MBA from Cambridge University.

To explore my creativity, I'm a blogger, YouTuber, speaker, etc. I create from my experiences as a family man and First Generation Immigrant.

I have a passion for all things Personal Finance, Business, and Personal Development. I also love Photography, Music, Travel, and Sport.

We became Financially Independent at age 34 and our story has been featured on the BBC, ITV, Financial Times, The Sunday Times, etc.

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TIME STAMPS:

0:00 - Intro
1:20 - About me
1:53 - Structure of this video
2:17 - LABOUR MANIFESTO - Impact on your finances
3:11 - 1. Party for change
3:17 - 2. Plans for wealth creation
3:19 - Who are "working people"?
4:47 - Where Labour could charge us more tax
10:28 - 3. Economic growth
11:39 - 4. VAT on Private School fees
14:32 - 5. Closing Non-Dom Tax Loop Holes
17:02 - 6. State Pension Triple Lock
17:36 - 7. Affordable Housing
18:40 - CONSERVATIVE MANIFESTO - Impact on your finances
19:18 - 1. Strong Economy
21:09 - 2. Triple Lock Plus
22:07 - 3. Pensions
22:34 - 4. Housing
23:21 - 5. Child Benefit
24:25 - My personal thoughts on the conservative manifesto
24:51 - LIBERAL DEMOCRAT MANIFESTO - Impact on your finances
25:06 - 1. Capital Gains Tax increase
27:11 - 2. End Gender Pension Gaps
27:46 - 3. Tax on share buybacks
28:12 - 4. Energy
29:11 - 5. Social Housing
29:50 - 6. Free Personal Care for the Elderly and Disabled
30:40 - GREEN PARTY MANIFESTO - Impact on your finances
30:45 - 1. Wealth Tax
31:09 - 2. Aligning investment and income tax
32:23 - 3. Rent Controls
33:07 - 4. Social Housing
33:25 - 5. End Right to Buy
33:39 - REFORM UK MANIFESTO - Impact on your finances
34:12 - 1. Tax and spending
35:20 - 2. Economy
36:02 - 3. Education & Student Loans
37:08 - 4. Family
37:37 - My personal thoughts on the Reform manifesto
38:08 - SUMMARY
38:24 - If Labour Win
38:54 - Impact on the stock markets
39:20 - Impact on the bond markets
39:37 - Impact on personal taxes
39:49 - Impact on wealth creation
40:34 - If Conservatives Win
41:20 - Thoughts on how people will vote
42:13 - Who will you vote for and why?

Best, Ken and Mary

#generalelection2024 #generalelections #ukelection

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UK General Election 2024: Impact on Your Finances – What to Know NOW!

[TheHumblePenny]

This was a lot to unpack! Hope you enjoyed it 😀. Do Subscribe, Like and Share with others. Comment below with who you plan to vote for and why ⬇

[jasonmillington]

I quit work as taxed out of the market due to contractor ir35 reforms. So do not care who wins as they are just wasting public money on policies that should all be overhauled. Be smart with your own money and never rely on politicians to do anything for you

[nkemdirim]

Clear explanation of structure of the video, fantastically detailed timestamps, telling us why & how liking the video makes an impact and I’m only 2:56 mins in. Your way of doing this YouTube thing blows me away. Hats off to you both. You’ve shot right up there to my first go to place for all personal financial information, even nudging MSE down a spot 😄 keep doing what you do, how you do it 👏🏾👏🏾👏🏾

[MC-hngo]

Just an appreciation post for this 🙌🏻
Very helpful

[CureMewBlueberry]

I don't like how you covered just the 'negatives' for the labour manifesto, when you could have concentrated on NMW increases, increases in workers rights, pledge to bring rail and energy into public ownership again, and priorising first time buyers for new properties. I get that you're in a different tax band to the average person, but I think the average British worker would have been more interested in those.

[saras]

Thanks for sharing your perspective Ken!

[earn]

I only recently became an adult and have no clue who to vote for. Thx to this useful video helping me make my decision

[clarenceishmael]

That's a really great synopsis! I'm still struggling to summon any enthusiasm to go to the polls at all as we're clearly screwed whichever one of the two gets in. These really are unprecedented times. 😤

[Sarah-gbrf]

Looking through for a quick summary to figure if i made the wrong choice as found this too late!!

Subscribed for more videos on time! Thank you ❤

[sambrad]

First mistake is believing what the party’s have put in their manifesto’s, they won’t abide by it, Conservatives and labour have proven that

[reneeantwi-boasiako]

Omg, you actually did this video 😭 thank you so much ❤

[sophiamensa]

Luv this video! Really on point! Lots of people are moving away from the UK!

[fatherfigures.]

Thank you Ken. Appreciate the research you’ve put behind this and your breakdown.

[ellea]

Honestly, your guess is as good as mine in terms of who I'll be voting for. May just have to do Ip-Dip-Doo because my gut feeling is that everyone is lying.

[Antonio-hbrd]

Take care of your personal economy so you don't have to suffer at the hands on the government

[lyttonjames]

Private schools should not be exempt from VAT like every other business. It is a tax break being removed not a new tax.

[ebubaudoh]

Fantastic analysis, it helped me with understanding the various offerings and how they impact the pocket

[sukhvindertiwana]

My sister a single mother remortgaged her house to send her daughter to a private school. My sister's income is the sole income of her household. It's wrong to penalise people who want to educate their children.

[kommstheir]

Came here to learn but there is too much jargon so I couldn't really understand much. Is this for people with a financial background? Could you perhaps explain the less layman terms? Thanks in advance

[Antonio-hbrd]

I think you're right about Labour. They have no pressure to do anything as all they need to do to win is not be the Tories