£204,850,000 to be lost in disposable income across Tower Hamlets over next two years
Families across Tower Hamlets are set to feel much poorer over the next two years as the Conservatives’ Autumn Statement make the cost of living crisis feel even worse. Research from the Resolution Foundation, published following the Autumn Statement, revealed the average household is set to see real disposable income fall by £1,700 over the […]
Tower Hamlets Labour tells Chancellor – Don’t take it out on Tower Hamlets
Leader of the Tower Hamlets Labour Group, Cllr Sirajul Islam has today written to the new Chancellor to stand up for residents in Tower Hamlets – and insist our community shouldn’t pay the price for the economic crisis made in Downing Street. On Monday 17th October, the fourth Chancellor in four months, Jeremy Hunt announced plans to cut […]
23,263 in Tower Hamlets face £960 higher mortgages thanks to Conservative Budget chaos
New analysis from Tower Hamlets Labour reveals 23,263 homeowners in Tower Hamlets face paying an average £960 more a year on their mortgages thanks to the Conservatives’ mini budget. That’s a combined total of £22,332,480. The BBC have reported that the average mortgage payer faces a ‘Kwarteng Premium’ of £960 on their mortgage as a […]
51,584 in Tower Hamlets already behind on household bills – new analysis
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 […]
