Is Peterborough still Britain’s number one debt hotspot?

household debt

Earlier this year, it was reported, household debt had reached a new peak, with UK homes now owing an average of £15,385 to credit card firms, banks and other lenders.

The TUC, said household debt rose sharply in 2018 as years of austerity and wage stagnation forced households to increase their borrowing.

Did YOU know?

In 2014, Peterborough was named, as one of the cities with HIGHEST levels of personal debt of anyone in the country.

What does Darren think?

These recent findings show the true cost of a lost decade of earnings under the Tories.

Workers should not have to pay for the Tories’ failed economic ideology by taking on unsustainable debt, and deserve a wage that covers the essentials.

Labour Party Manifesto 2019 pledged to tackle the problem of spiralling debt and end the crisis of low pay, raising the minimum wage to at least £10 an hour and making sure it applies to all workers over 16. It’s a shame they did not get the chance to enact it.

Food bank use in Peterborough ‘up 50% in a year’

Jeremy Corbyn at Food Bank
Rise in food bank use due to “significant problems” with Tories Universal Credit.

What will Labour do?

🌹 Labour will ensure that everyone in the UK has a Right to Food by enshrining it in UK law, in a new Fair Food Act.
🌹 Labour will set a target of ending the need for food banks altogether.
🌹 A £6m Access to Food Fund will be established to kick start the development of local community food plans in the 50 most food deprived areas of the country.

👍🏽 Join the local LABOUR party for as little as £2.17 a month: https://join.labour.org.uk