Election 2019: what would the Conservatives' plans mean for your money?

Conservatives on tax

• Introduce a 'triple lock' on income tax, National Insurance and VAT.
• Raise the National Insurance threshold to £9,500 in 2020 with an ambition to raise it further to £12,500.
• Ensure the first £12,500 earned is completely free of tax.
• Set out a new anti-tax-avoidance and evasion law that will double the maximum prison term to 14 years for individuals convicted of tax fraud.
• Introduce a Digital Services Tax.
• Devolve responsibility for corporation tax in Northern Ireland.

Find out more:use the Which? tax guides and calculators to find out your current position

Conservatives on benefits

• Establish a new £1bn fund to help create extra high-quality, affordable childcare places, including before and after school and during the school holidays.
• Continue the roll-out of universal credit.
• Maintain a commitment to free school meals.
• Extend entitlement to leave for unpaid carers.
• Reduce the number of reassessments a disabled person has to go through to prove their disability.

Conservatives on housing

Buyers

• Encourage a new market in long-term fixed-rate mortgages.
• Offer more homes to local families, with a discount of a third for people who cannot afford to buy in their area.
• Maintain a commitment to the Right to Buy scheme.
• Simplify the shared ownership scheme by setting a single standard for all housing associations to end confusion and disparity between different schemes.

Renters

• Bring forward a Social Housing White Paper that will set out measures to help tenants.
• Bring in a 'Better Deal for Renters' by abolishing 'no fault' evictions and only requiring one 'lifetime' deposit that moves with the tenant.
• Renew the Affordable Homes Programme to deliver hundreds of thousands of affordable homes.

Stamp duty

• Introduce a stamp duty surcharge on non-UK resident buyers.

Find out more:use our first-time buyer guides to discover how to get onto the property ladder

Conservatives on jobs and pay

• Deliver 50,000 more nurses, providing them with a maintenance grant of £5,000-£8,000 a year.
• Create a new National Skills Fund worth £3bn.
• Raise teachers' starting salaries to £30,000.
• Ensure £500m of the UK Shared Prosperity Fund is used to give disadvantaged people the skills they need.
• Deliver two million new high-quality jobs in clean growth.

Conservatives on pensions and investment

• Keep the state pension triple lock in place.
• Keep the older person's bus pass.

Conservatives on social care

• £1bn extra funding every year for more social care staff and better infrastructure, technology and facilities.
• Provide £74m over three years for additional capacity in community care settings for those with learning disabilities and autism.
• Guarantee that no one needing care has to sell their home to pay for it.
• Double research spending on dementia and speed up trials for new treatments.

Find out more:use our guides to learn about your options for financing later life care

Conservatives on household bills

• Invest £9.2bn in the energy efficiency of homes, schools and hospitals.
• Keep the Winter Fuel Payment in place.
• End hospital car parking charges for those in greatest need, including people with disabilities and staff working night shifts.

Conservatives on banking and the high street

• Cut taxes for small retail businesses and for local music venues, pubs and cinemas.
• Increase the Employment Allowance for small businesses
• Increase the R&D tax credit rate to 13%

Conservatives on transport

• Commit £100bn in additional infrastructure spending on roads and rail.
• Build a Northern Powerhouse Rail between Leeds and Manchester.
• Invest in the Midlands Rail Hub.
• Extend contactless pay-as-you-go ticketing to almost 200 more stations in the South East.
• Create a new £350m cycling infrastructure fund to support commuter cyclists.
• Give city regions funding to upgrade their bus, tram and train services.
• Invest £28.8bn in strategic and local roads.
• Invest £1bn in completing a fast-charging network to ensure that everyone is within 30 miles of a rapid electric vehicle charging station.
• Launch biggest ever pothole-filling programme.

Conservatives on schools and university

• Investing £2bn to upgrade the further education college system.
• Look at the interest rates on student loan repayments.

Conservatives on Brexit

• Start putting a withdrawal agreement through Parliament before Christmas and leave the EU in January.
• Negotiate a trade agreement with the EU next year and refuse to extend Brexit completion before the end of 2020.

What will the Conservatives' pledges cost?

The Conservative Party says its tax cuts and resource spending will result in a cost of £1.38bn in 2020-21 followed by a cost of £164m in 2021-22, but by 2022-23 the measures will save £721m and in 2023-24 the savings will rise to £810m. So over the period of four years, the cumulative effect of the changes is close to zero.

Which?'s consumer agenda

Which? has outlined its agenda for the next government, which sets out six commitments that we want all political parties to make to deliver positive, tangible improvements for individuals across the UK.

This includes providing banking services that work for everyone, better protection over unsafe products and fairer pensions.

Find out more in our consumer agenda for the government.