Everything you need to know about the Conservative manifesto

0
370

The Conservatives have released their new manifesto. Here is a summary of what it entails:

Social Care:

Winter fuel payments for pensioners will be means-tested and people will pay more towards home care visits to plug the £2.8 billion social care funding gap.

Pensioners will stop paying for their own care once their savings and assets are down to £100,000. At present only £23,250 is protected.

Schools funding:

£1bn more per year for schools, paid for by ended universal free school lunches for children aged 5 to 7 (a policy brought in by Nick Clegg in 2014).

All children to be offered free school breakfast.

Tax:

David Cameron’s tax “triple lock”, which guaranteed there would be no rise in national insurance, VAT or income tax, will be scrapped in favour of a general statement of intent to lower tax and simplify the tax system.

There will be no increase in the level of VAT.

Income tax:

A commitment to raise the tax-free personal allowance to £12,500 by 2020 will stay.

The Tories will also keep a commitment to raise the threshold for the 40p tax rate to £50,000 by 2020.

Pensions:

Maintain the triple lock pension guarantee until 2020, then replace it with a double lock – meaning pensions will rise in line with earnings or inflation, whichever is highest.

Tougher punishments for those caught mismanaging pension schemes.

Immigration:

An objective to reduce annual net migration to the tens of thousands. Overseas student numbers will remain in the immigration statistics.

Students will be expected to leave the country at the end of their course unless they meet new “higher” requirements allowing them to stay.

Deficit:

A pledge to eradicate the deficit by the middle of the next decade.

Foreign aid:

The UK will retain its commitment to spending 0.7 per cent of GDP on foreign aid but the way in which the money is spent will be changed.

What do you think of the manifesto? Is it better than Labours manifesto?

Read more in the Telegraph here