New analysis from Lewisham Labour reveals the staggering impact of Rishi Sunak’s tax hikes on families in Lewisham. Following the budget, the average household is set to be £870 worse off – a staggering £108m from the Lewisham economy.

The budget confirms that the UK has the highest tax burden in 70 years – and rising. For every 10p working people will pay in tax, they will get just 5p in return as a result of the National Insurance cuts.

Labour has set out a plan to get Britain’s future back based on stability, investment and reform.

Publishing the analysis, Lewisham Labour’s Cabinet Member for Finance and Strategy Amanda de Ryk, said,

“The budget lifted the lid on 14 years of failure. After more than a decade in power, the Conservatives have left our economy in recession, taxes at their highest level in living memory, mortgages and rents are sky high, and our public services are on their knees.

“Lewisham can’t afford five more years of Conservative government. It’s time for change – and Labour has a plan to get Lewisham’s future back.

“A Labour administration will put growth at the heart of our mission-driven government. We will help create good jobs and opportunities all over the country – including right here in Lewisham.”

“Here in Lewisham, our Labour council is already helping families with the cost of living crisis. We are providing financial assistance to our most vulnerable social housing tenants, supporting over 10,000 visitors through our Warm Welcomes programme, and have invested over £8m in combating child hunger.

“The budget was the final proof – this government is out of ideas and running out of road. A General Election can’t come soon enough.”