People across Bristol will feel the cost of living increase even more from today (April 1) as prices and taxes rise.
From today, gas and electricity bills are due to rise by an average of 54 per cent, while new council tax rates also come into force in April. From April 6, 2022 to April 5, 2023, National Insurance contributions will increase by 1.25 percentage points, reports the MEN.
With household finances being squeezed further across the board, inflation rose to 6.2 per cent in February from 5.5 per cent in January. The Chancellor of the Exchequer unveiled his Spring Statement earlier this month (March 23), announcing a number of measures to help families with the escalating cost of living crisis, but there are fears millions more could be pushed into poverty.
