Prime Minister Rishi Sunak last week shocked many Brits and indeed members of his own party when he called a snap General Election in just five weeks’ time.
Amid a torrential downpour, with Things Can Only Get Better blaring in the background, the Tory leader declared it was time for the country to choose its future.
But what exactly could that future hold for our finances?
Here, we look at eight ways in which the election outcome could impact the amount you have in your pocket each month.
National Insurance
In a popular, though widely anticipated, announcement in his March Budget speech, Chancellor Jeremy Hunt announced a 2p cut to National Insurance Contributions, which had already fallen by 2p in 2023.
All in all, he claimed that the average worker would save £900 per year under the plans.
And with the election looming, Hunt has also hinted that more cuts could be on the table, saying that his party could go further if it could afford to do so.
In contrast, the chancellor has argued that taxes would likely rise under a Labour government in an attempt to plug what he described as the ‘black hole’ in their economic plans.
