It is starting to look like a perfect storm. Inflation rose last month to 5.5 per cent, a level not exceeded since March 1992. The concern for Londoners is that this all comes ahead of the “great April squeeze”, which will see the 54 per cent rise in the energy price cap take effect, sending average bills to £2,000 a year.
This is also the month when the rise in National Insurance comes into effect, as well as the rise in council tax for Londoners.
