Ian Austin MP

Labour MP for Dudley North

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9 in 10 Dudley families say finances are not improving

Figures showing that nine out of ten Dudley families say that their finances are not improving have been revealed in a constituency survey carried out by Dudley MP Ian Austin.

Austin sent the survey to thousands of constituents and 87% of respondents said that their family finances were not improving, with less than one in three saying that they were optimistic about the year ahead.

Family savings had also been hit, with three-quarters saving nothing or spending their savings to get by.

Respondents said that rising energy bills were the biggest drain on family budgets with 86% saying that they were a concern, and two-thirds said that they were also worried about the cost of food and everyday household items.

60% of respondents knew someone who has been out of work for longer than six months and nearly half blamed this on a lack of government investment in the area.

Austin says that the government needs to offer urgent help to struggling families and has written to the Chancellor ahead of the budget calling for an energy price freeze and a jobs guarantee for unemployed young people.

He says that the government’s failure to tackle rising prices and falling wages has left Dudley families worse off by an average of £1,600 a year.

Ian Austin said:

“Talking to local people it’s clear that they’re seriously worried about the future. George Osborne says that there’s a recovery but these results show that the vast majority of local families have seen no improvement in their finances and two-thirds don’t think things will improve in the next year.

“We can’t afford another budget where George Osborne hands millionaires another tax cut – we need help for families right now. That’s why I’ve written to him ahead of the Budget so he can read in black and white what’s really going on in Dudley.”

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