Finance in Hertfordshire: Generating Wealth With a Strong Majority Government
Now that the Conservatives have secured a majority and have the next five years in Number 10, they can continue with their economic plan. Our Hertford financial planners consider what this means for finance in Hertfordshire, and for your financial future?
Wins across the board
While South West Bedfordshire Conservative MP Andrew Selous predicted a closer, less definitive competition between themselves and Labour, the Tories did manage to win across the political board on 7th May.
Conservative Party chairman Grant Chapps held Welwyn Hatfield with a 12,153 majority, Anne Main held St Albans with a majority of 12,732, and Andrew Selous was “hugely honoured” to win his South West Bedfordshire for the fourth time.
Finally, Mark Prisk in Hertford and Stortford achieved his biggest majority since being first elected in 2001, with a win and a majority of 21,509.
What the above picture means is that – more than most other places in the country – Hertford is a testament to the Conservatives’ economic plan. Here, we’ll discover what another five years of the Tories means for your quality of life, your savings and your future.
Keeping affordability in reach of normal, hard-working people
Two of the key investment areas in Hertford and the wider Hertfordshire area are in housing and transport. With support from the Hertfordshire Local Enterprise Partnership, £221.5 million has been secured for a variety of projects.
Between 2015-21, 20,000 new homes will be built, and upward of £403 million public and private investment may be unlocked.
This could make a comfortable life affordable to those looking to invest in their own homes for the first time, or make the move to something better suited to their financial circumstances.
Many aspirational Hertford-living citizens who are trying to save for their futures are struggling against the rising costs of commuting to London.
Therefore, the next five years of a Conservative government will enable stronger campaigning efforts for better commuter conditions to the capital.
For example, Mark Prisk will be fighting to secure four tracks into Liverpool Street Station, to increase overall capacity, to modernise the rolling stock, and to increase real-time information.
Finally, he aims to make refunds easier to attain when services are delayed. Value for money is key, and every penny counts for those saving for their futures.
On the issue of health, we all want to retire with dignity, and another term of the Tories will allow local government to work with GPs local to areas like Hertford, Bishop’s Stortford and Sawbridgeworth to finalise locality deals and equip them with the facilities and premises their patients need.
These actions are all part of the plan to ensure local Hertford residents are keeping the things that aspirational people need affordable.
Your savings, your future
Affordability means that, hopefully, you should have more in your bank account at the end of each month than you did last year, enabling you to secure a strong financial future for you and your family in Hertford.
With the economy consistently growing, 15,000 new jobs about to be created, and people’s quality of life set to improve over the coming term, more and more people will need to create a strong financial plan to ensure their monetary future is guaranteed.
Although creating a wealth plan is never at the top of most people’s list of priorities, it should be. A local Hertford financial planner will enable you to save efficiently for your future, to manage your tax effectively, and to create wealth for you, your family and your local community. Get in touch with one of our approachable, experienced Hertford financial planners today and see how they can improve your financial situation.
This article is for information only and must not be considered as financial advice. We always recommend that you seek independent financial advice before making any financial decisions. Investments can go down as well as up and you may get back less than you invested.