The cost of living crisis will deepen for many households as energy bills are set to skyrocket due to an increase in the price cap. However, higher energy prices are not the only way households and businesses are set to feel the pinch.
From the start of the month, a raft of tax rises and reductions in state pandemic support will increase costs for businesses and, ultimately, lead to higher prices for their customers.
Here are the tax changes which could impact your wallets.