THOUSANDS of local families are living with the financial consequences of a “disastrous” budget under the Conservatives, Labour have said.
Increased interest rates are continuing to impact households who are coming off fixed term mortgages.
Labour say that in the two years since a mini-budget overseen by Liz Truss, almost 5,000 families in Lichfield have seen their monthly outgoings rocket.
The party’s chair in Lichfield, Cllr Sue Woodward, said families with mortgages were still feeling the pinch as a result of the decisions made by the former Prime Minister.
“We must never forget what these Conservatives did to our country, our living standards or our public services.
“In the two years since the disastrous Truss mini-budget, thousands of local families have been forced to renew their mortgage at much higher rates – leaving them hundreds of pounds a month worse off.
“I know from experiences in my own family and from those who have approached me asking if there is any help for them, that these increased mortgage costs have a huge impact on family finances at a time when they are also facing other cost of living pressures.
“These increased pressures are also being felt by private renters as many landlords pass on their increased costs, or leave the rental market altogether.
“The applause that Liz Truss received at Tory conference this week tells you everything you need to know about what the Conservative party has learnt since they crashed the British economy – absolutely nothing.
“But for local families it’s about being able to make ends meet every month.”
The current Labour government have unveiled plans to tackle what it says is a black hole in the nation’s finances.
Among the controversial steps are reducing the number of pensioners eligible for the Winter Fuel Allowance.
Cllr Woodward said:
“There is little doubt that the new Labour government inherited an economy in dire straits and faces tough choices to even balance the in-year finances.
“Fixing the foundations of the British economy to get our country moving again to deliver growth and make working people better off is a huge challenge, but one which we must all face up to because of the mess the Tories left us in – a mess which affects many households locally and across the country. ”
Yeh Sue, we know. We’ve heard. In fact in the 3 months since Labour won the election your party have been repeatedly telling us at every opportunity how bad the Tories were. But that is why they lost the election so stop trotting out the same well used lines to take and tell us what exactly the newly elected government will do that will benefit Lichfield and Burntwood. I suspect that list will be short.
Stop Tory bashing and do something.
It will interesting to see your excuse for pensioners after this coming winter.
Deflect,deflect,deflect- the Labour factory setting.
My understanding of ‘black holes’ is that it is impossible to escape from them. Nothing escapes not even light! So what are Labour telling us? Is this just the stupidity we now expect from our entitled representatives. It will all end in tears and likely further dissatisfaction with our political system.
I have never been a tory and they were a disaster.I was a Labour supporter andI happily voted for them.I now feel my vote was robbed.This is a Labour Party in name only.
Stop trying to make excuses Sue.
What leader of a country immediately tells us all how rubbish life is going to be.
Our MP voted to keep our elderly cold this winter.
The list goes on.
Utter disgrace.
Join Rosie Duffield
Like millions of others I voted Labour for change. Had I wanted Tory policies I would have voted Tory
Of course the last fourteen years were disastrous, doing more of the same will just make things worse.
Drop the joyless puritanism and give us hope.
This is getting boring from Labour. They are now in charge, stop saying how bad things were and what you will do to improve. I am not even convinced the economy was that bad when the Tories left power. Growth was increasing and interest rates and inflation were coming down!
I am very concerned that this is all noise to justify further bad decisions such as the winter fuel allowance in the next budget…
As an elected representative of Lichfield District Council shouldn’t this Councillor’s focus be about constructive discussion on fulfilling local government functionality around this District ?
Political posturing is not local government.
The Tories blamed labour for 14 years but complaining after a couple of months of labour blaming them no
So the Labour Government are going to fill the black hole by:
Paying train driver extra
Giving Civil Servants above average pay rise
Paying Junior doctors extra
But let OAP freeze this winter.
Some figures don’t add up?