As April arrives, so do the price hikes on basic utilities, council tax, and TV licenses. Dubbed ‘Awful April’, these increases are set to burden households and hit particularly hard for those already struggling with financial difficulties.
Most notably, gas and electricity bills are due to rise by 6.4% following the latest Ofgem price cap. This will result in an average increase of £111 per year for a dual fuel household paying by direct debit. Energy efficiency measures can help mitigate the impact.
Water companies are also implementing significant price rises, with the average bill set to surge by £123 per year to facilitate infrastructure upgrades across the UK.
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The cost of a TV License is set to increase from £169.50 to £174.50 annually, while broadband and mobile phone network companies are informing customers of their impending price hikes. Additionally, almost every council in the country is demanding an at- or near-maximum council tax hike.
How are you preparing for these price increases? Share your strategies for managing these elevated expenses and join the conversation.