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Labour says Londoners £8k worse off under Sunak

Tories say Labour will raise taxes

The UK’s Houses of Parliament – (Credit – David Floyd)

The Labour Party has published analysis claiming that the typical household in London is £8,390 worse off since 2019.

As the early skirmishes of the general election campaign continue, Keir Starmer’s party accused prime minister Rishi Sunak of presiding over “sky rocketing inflation” leaving the British people poorer as the prime minister himself has become richer than the King.

The party says it arrived at its figure through analysis of regular household expenses and taxes including; energy prices, mortgages, groceries, personal tax and council – and claimed the Conservatives were responsible for ‘years of chaos and decline’.

Darren Jones, Labour’s shadow chief secretary, commenting on the figures, said: “Rishi Sunak’s economic failure has meant soaring costs for regular expenses leaving families across London more than £8,000 worse off since 2019, while he personally has become richer than the King.


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“The Labour Party has changed, but once again it is the Conservatives that haven’t learned any lessons and are ploughing ahead with a Liz Truss style £46 billion unfunded tax plan to abolish national insurance. Britain can’t turn a corner with the people who drove us into a dead end in the first place.

“The only way to turn the page on this decline is by voting for change at this general election. The Labour Party will deliver the economic stability that can underpin keeping taxes, inflation and mortgages low while finally getting growth back into our economy.”

Responding to Jones’s comments for the Conservatives, Bim Afolami, the economic secretary to the treasury said: “Time and time again, Labour prove they have no plan to cut taxes and it will be working people who pay. Labour’s unfunded spending blackhole of £38.5 billion would see a tax rise of £2,094 on every hardworking family.

“The choice at this election is clear: a clear and bold plan to cut taxes, and end the double tax on work, under Rishi Sunak or going back to square one with the same old Labour Party, who as soon as they run out of money will come after yours.”


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