Conservative attacks on household finances will leave families across Rhyl as much as £1,040 worse off next year, new analysis from Labour reveals.

Instead of acting to protect households at the Budget last month, Chancellor Rishi Sunak chose to hit families up and down the country with a hammer blow to their pockets, by ending the £20 uplift in Universal Credit in October 2021.

According to Labour’s analysis, this change will take £6.8m out of the local economy from next year. For example, working families with children will lose £1,040 in income.

Labour has branded Rishi Sunak’s attacks on family finances ‘economically illiterate’, warning that they risk slowing Britain’s recovery by forcing people to tighten their belts and pulling spending out of Rhyl’s high street.

Anneliese Dodds MP, Labour’s Shadow Chancellor, said:

“Rishi Sunak’s mask has slipped. Instead of protecting Rhyl’s families during a pandemic, he is hitting them with a hammer blow to their pockets that will leave them over £1,000 worse off next year.

 

“That’s not just wrong – it’s economically illiterate. If families have less money to spend, then businesses will suffer and the recovery will take longer.

 

“That’s the cost of the Conservatives – and it’s why next week’s elections are a very clear choice: a vote for Welsh Labour to secure Rhyl’s economy – moving Wales forward – and against Tory attacks on family finances.”