Medway families £2624 worse off under Conservative cost of living crisis – New analysis

New research from the Medway Labour and Co-operative Group reveals the Conservatives are leaving families in Medway £2624 worse off. The analysis includes all the measures announced in the Chancellor’s disastrous Spring Statement.

This year, families in Medway will pay £1,059 more in tax thanks to the National Insurance hike, energy prices are rising by £693, the food shop will increase by £277 and mortgages in Medway will rise by an average of £298.

Labour’s different approach would be as follows:

  • A Labour government would help families with energy bills fully funded by a windfall tax on the bumper profits of oil and gas companies
  • Labour would not be raising National Insurance Contributions at the worst possible time
  • Labour councils charge an average of more than £300 less than Conservative councils – and more than £500 less than the Lib Dems

Revealing the analysis, Cllr Vince Maple, Leader of the Medway Labour and Co-operative Group said:

“The cost of living crisis is getting worse – and the Conservatives aren’t just standing by, they are making things worse.

“Make no mistake – for most families in Medway, being £2624 worse off is a body blow to the family finances.

“All this Conservative government offers is a loan for our energy bills and tax hikes for workers. There is a better way.

“Time again this government has shown that it doesn’t care about ordinary people in Medway. In Number 10 they party while the rest of us are locked down. In number 11 they avoid tax while the rest of us face tax rises.

“Only Labour has a plan to tackle the cost of living crisis – only Labour is on your side.”


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