New analysis from Tower Hamlets Labour reveals a staggering 51,584 adults in Tower Hamlets are already falling behind on households bills – and 28,658 have gone without food. The figures come as the Chancellor today has announced his mini-budget, which takes place as the pound hits a 37 year low against the dollar, and real wages have fallen for 9 months in a row.
The analysis builds on the research from the debt charity, Money Advice Trust, which found one in five adults in the UK have fallen behind on at least one household bill and one in nine have gone without eating.
Leader of the Tower Hamlets Labour Group, Cllr Sirajul Islam said:
“After 12 years of Conservative rule, our country is in crisis. Wages are falling, the economy is on the brink of recession and our NHS is on its knees.
“51,584 residents are falling behind on their bills in Tower Hamlets, and almost everyone is finding this tough at the moment. So it is staggering that the Conservatives plans to deal with the cost of living appear to be lifting the cap on bankers bonuses and resisting a windfall tax on the bumper profits of oil and gas companies – meaning higher tax and borrowing for the rest of us.
“After more than a decade in power the Conservatives have delivered nothing for the people of Tower Hamlets except low growth, high tax, and collapsing public services.”
- There are 257,920 adults in Tower Hamlets borough.
- According to new research from the money advice trust 1 in 5 are behind on their bills and 1 in 9 have gone without eating.
- So, we estimate 51,584 in Tower Hamlets are behind on household bills and 28,658 in Tower Hamlets have gone without food