New analysis from Hertsmere Labour reveals the staggering impact of Rishi Sunak’s tax hikes on families in Hertsmere. Following the budget, the average household is set to be £870 worse off – a staggering 39,324,000 from the Hertsmere 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, Labour’s Cllr Jeremy Newmark 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.

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

“Here in Hertsmere our Labour-led council is already helping families with the cost-of-living crisis by refunding Council Tax 2023/24 to those who claimed it.  We have bolstered the council tax support fund and have funded debt advisors at the Citizens Advice Bureau.  Alongside these measures, we’re funding vital public transport connecting Potters Bar residents to Barnet Hospital on the 84b bus link, which was so brutally cut by the Tory County Council.  Labour in power locally is making the changes in Hertsmere ahead of a Labour Government.

“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.”