The cost of living crisis will deepen for many households from today as energy bills are set to skyrocket due to an increase in the price cap.
From today, a 54 per cent rise in the price cap – which limits the amount that can be charged per unit of gas and electricity – comes into effect. Local authorities in England will also be increasing Council Tax by up to 3 per cent from today, with many councils introducing the maximum rise.
The cost of buying a pub meal, soft drink or hotel stay could become more expensive from April as VAT levels across the hospitality sector lift back to 20 per cent, while an increase to National Insurance payments will come into force next week.
