Consumers Brace for Multiple Price Hikes This Spring: What You Need to Know
The new financial year starts on 1 April. Many in the UK must get ready as prices climb in different areas. This guide explains what happens and shows ways to fight back.
Energy Bills Set to Rise Again
From April, energy bills jump by £9.25 a month on average. Ofgem reports that most households see a 6.4% rise. This is the third increase in a row. Only about 11 million homes with fixed deals wait until contracts end. For homes with variable deals, gas costs will rise while electricity rates drop. Your exact bill depends on your area.
Consumer Advice
Consumer expert Martin Lewis tells households to check their energy plans. If you find a fixed plan near 3% of the cap, you might save money. For instance, Outfox the Market has a 12-month plan that is about 7.4% lower than January’s cap. People in the Warm Home Discount scheme may receive £150 off annually if they meet the income test.
Broadband, Mobile Bills on the Rise
In April, many will see higher charges on broadband and mobile bills. Uswitch counts that some contracts will add about £21.99 while newer fixed plans may add up to £42. Many households still hold old plans that adjust with inflation. Switching providers can cut annual costs by as much as £235. If you stay, talk with your current provider for a better deal.
TV Licence Fee Increase
The TV licence fee moves from £169.50 to £174.50—a rise of £5. People aged 75 or above who get pension credit can get a free licence. Special help is also in place for those in care homes or with disabilities.
Train Fares Climbing Higher
Train fares in England jumped by 4.6% on 2 March. In Wales and Scotland, similar rises take hold in April. A railcard can cut travel costs. This tip helps even if you are not used to discounts.
Road Tax Increases
From April 2025, road tax will add £5 for cars registered after April 2017. Hybrids face a lower rise. Electric vehicles now pay a small fee for the first year before they join the standard rate.
Soaring Water Bills
Water bills may jump by 26%, which is about £123 a year. This rise comes from higher borrowing costs, pipe work, and extra sewage fixes. Water companies show more pre-tax profit. Check if you qualify for a social plan to lower the cost.
Stamp Duty Changes
From 1 April, new stamp duty rules affect property deals in England and Northern Ireland. These changes matter for property buyers, especially in shared homes. The new rules make buying and investing more expensive.
Conclusion
Bills will rise as the new financial year begins. Energy, broadband, taxes, and basic services cost more now. Homeowners must look for ways to save money, such as changing plans, asking for discounts, or checking if help is available.
Sources
Stay alert and act soon to cut costs and secure your money.
