As the new month dawns, a wave of bill rises is set to hit households, leading to what some are calling an “awful April.” Among these increases is a surge in energy costs, adding to the financial strain on families. While the minimum wage is set to rise and wages have been outpacing inflation, the additional burden on household finances is undeniable.
Water bills are on the rise in England, Wales, and Scotland, with the average household facing an increase of £10 per month. The disparity in bill amounts across different water companies highlights the variation in cost. Similarly, energy bills are set to climb by £111 annually for a typical household, impacting 22 million homes under the new energy price cap introduced by Ofgem.
Council tax hikes are expected throughout the UK, with local authorities given the green light to increase rates to fund essential services. In addition, car tax rates will see an adjustment, particularly affecting owners of post-2017 vehicles. Changes in broadband, phone, and TV licensing costs add to the list of financial pressures facing consumers in the upcoming months. Stamp duty alterations for property buyers and hidden tax increases further compound the economic challenges ahead for many households
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