Your personal finances may take a large hit from April this year
Households all across the UK will see their bills rise sharply from April on the backdrop of soaring energy bills.
And when the upcoming end of the £400 energy rebate scheme is factored in, the energy cost for households will increase even more. Mobile, TV and broadband Under current rules, telecom companies can raise their prices in line with inflation plus around 4 per cent. The rate of CPI for December or RPI for January are generally used to factor this change.
However, customers will pay roughly 20 per cent more on their bills due to the EPG becoming less generous from April. Citizens Advice chief executive Dame Clare Moriarty said the increase will “spell catastrophe” for millions of households without further support from the Government.
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