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GMB star Martin Lewis explains what Labour victory could mean for your personal finances
The MoneySavingExpert founder has analysed the General Election result and what it could mean for people's finances after Keir Starmer was elected Prime Minister
The founder of MoneySavingExpert.com appeared on ITV's Good Morning Britain on Friday, July 5, where he discussed the potential financial implications following Labour's sweeping win over the Tories, bringing an end to 14 years of Conservative governance. However, his triumph comes amidst a cost of living crisis, with families struggling due to rising prices in shops and escalating mortgage rates over recent years. The MSE founder said Labour could instead look at raising Capital Gains Tax to help plug the black hole, although this has not been explicitly mentioned in the manifesto, so we don't know if this will happen yet.
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