This week the Government’s increased taxes on families, businesses, and the health sector will take affect.
From the 1st April families will face an increase of £1,191 on their household bills. Energy bills will rise by an average of £111. The Energy Price Cap will rise to £1,849 – an increase of £111.
Water bills will rise by £123; car tax to rise by £5; TV licence to rise by £5; phone bills to rise by £46; broadband to rise by £36; and nursery fees to rise by £756. On average, council tax will rise by £109.
These household increases come just days before the Government’s decision to increase the rate of employer’s National Insurance Contributions (NICs) by 1.2% and reduce the Secondary Threshold for NICs from £9,100 to £5,000, from the 6th April 2025.
Dr Neil Shastri-Hurst, Member of Parliament for Solihull West & Shirley said:
Since the Chancellor’s Autumn Budget I have heard many personal stories about how families will struggle with the steep increases to their household bills.
Regrettably, the choices of the Government have caused the bills of households to rise. There is a striking disparity between Labour’s election promises and their delivery to date. Labour promised to cut energy bills, yet the Energy Price Cap will rise to £1,849. Labour promised to freeze council tax, but instead delivered an increase of 4.99%.
Additionally, figures from the independent Office for Budget Responsibility (OBR) shows the majority of the employer NICs rises will be passed on to workers with lower wages. Analysis has shown that over the course of this Parliament, families will be £3,536 worse off because of the decision to increase NICs.
Last week, following the Spring Statement, I explained how Labour’s fiscal decisions are weakening our economy. From cutting the Winter Fuel Allowance to putting up the cost of food, the sad truth is that residents are now left to shoulder the burden of Labour’s policy contradictions.
