as bills increase by the largest amount in living memory. ajump in the price cap set by the industry regulator, means 22 million customers across england, scotland and wales will see their gas and electricity bills rise by around £700 a year. higher energy prices are not the only way households and businesses will feel a squeeze on their finances, as the cost of living increases. council tax bills are also on the rise across england, scotland and wales, with the majority of households seeing total hikes of around three percent an average of £67 a year. to offset energy price rises, the government is offering a £150 rebate for around 20 million households in england, in bands a to d. water bills are also rising by an average of about £7 a year in england 0n the 6th of april, national insurance contributions will go up by 1.25 percent, which the government says will help clear the nhs backlog and contribute
means 22 million customers across england, scotland and wales will see their gas and electricity bills rise by around £700 a year. higher energy prices are not the only way households and businesses will feel a squeeze on their finances, as the cost of living increases. council tax bills are also on the rise across england, scotland and wales, with the majority of households seeing total hikes of around 3% an average of £67 a year. to offset energy price rises, the government is offering a £150 rebate for around 20 million households in england in council tax bands a to d. water bills are also rising by an average of about £7 a year in england and wales. 0n the 6th of april, national insurance contributions will go up by1.25%, which the government says will help clear the nhs backlog and contribute towards social care costs. for 2.5 million workers on the minimum wage,
the biggest rise in energy prices in living memory has come into effect in britain, just as millions of households face increases in other bills and national insurance payments. on average, gas and electricity bills will cost an extra £700 a year a sum charities say millions of households will struggle to pay. the chancellor, rishi sunak, has previously pledged to take the sting out of the price rises. higher energy prices are not the only way households and businesses will feel a squeeze on their finances, as the cost of living increases. council tax bills are also on the rise across england, scotland, and wales, with the majority of households seeing total hikes of around 3% an average of £67 a year. to offset energy price rises, the government is offering a £150 pound rebate for around 20 million households in england, in bands a to d. water bills are also rising by an average of about £7 a year in england and wales.
the government are offering some help by knocking £150 off most council tax bills in england, and then lending an extra £200 in october, which will be paid back through your energy bills over the next five years. but that still only covers half of the increase in a typical household s energy bill. energy prices are going to affect everybody, but the people for whom its worst are the people on low incomes, on fixed incomes. academics crunching the numbers are worried about the long term impact. so, the government say they have offered some help to people and they have done what they can. i think it s fair to say that the council tax rebate will help people. these energy price rises come in a context. they come in a context where it s going to mean less money available for other goods, but the prices of those are going up too. so people on the lowest incomes definitely needed some support and it s regrettable that the chancellor chose not to do so in his spring statement. the governm
surged and we ve also had low levels of gas storage in europe. also, there s been a lack of wind which has meant renewable generation has fallen as a result and we had to rely more upon gas. looking ahead to six months time, the likelihood of bills getting even higher, that s a lot to do with the war in ukraine and the effects on russian supply. clearly, there s the potentialfor that to be limited or even withdrawn and that s going to keep international prices high. the wholesale price high and eventually our bills as well. our bills as well. thank you very much. higher energy prices aren t the only reasons households and businesses are feeling a squeeze on their finances, as the cost of living increases. council tax bills are also on the rise across england, scotland and wales, with the majority of households seeing a total increase of about 3% an average of £67 a year. to offset energy price rises, the government is offering a £150