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English households face another £300 bill hike | United Kingdom | News
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English households face another £300 bill hike | United Kingdom | News

English households are facing a new blow with bills expected to rise by £300.

Bills for utilities, council tax and train travel are set to be increased above the rate of inflation, with experts warning it will force the Government to do more to tackle the high cost of living.

Inflation, currently at 1.7%, is expected to rise, with experts predicting it will exceed the Bank of England’s 2% target. Some suggest that figure could rise to 3% next year, once Donald Trump is inaugurated as president of the United States.

Household bills could rise by £278. The 5% council tax cap will remain in place in 2025, meaning local authorities could increase bills by an average of £109 for a Band D property.

Every year energy bills could rise by £12, water bills by £19, broadband by £23 and annual rail season tickets by £115 or more, according to the i newspaper. Mortgage Holders who enter into low-interest fixed deals next year will also face higher bills.

Politicians are calling on the government to do more to help people through the crisis. cost of living.

Shadow Chancellor Mel Stride said I: “The evidence is clear: Labor’s broken budget promises will make working people poorer.

“The Joseph Rowntree Foundation has already estimated that the average family will be £770 worse off in real terms by the end of this Parliament, and this new analysis only further highlights the damage this Budget will do to finances family.

“The British public will not forget Labour’s tax rises and their impact on living standards.”

Liberal Democrat Treasury spokesperson Margaret Cooper He added: “Years of mismanagement and unfair tax rises by the previous Conservative government affected people’s living standards and, unfortunately, the cost of living crisis has not gone away.

“It is worrying that this government appears to be making many of the same mistakes, with a jobs tax, cuts to winter fuel payments and increases in bus fares. »

A Treasury spokesperson said: “We have taken difficult decisions to ensure economic stability after inheriting a £22bn black hole, and have increased public investment by more than £100bn over the next five years to repair our crumbling public services and drive prosperity across the board. of the country.

“To support households in cost of living In the short term, we increased the National Living Wage, protected pay slips from higher taxes and, for the poorest families, increased the Household Support Fund and Discretionary Housing Benefit by £1 billion sterling to help cover essential needs such as energy, food bills and rent. .”