Household bills could rise by almost £270 in April, Sky News analysis suggests | Money News Aitrend

The typical household could see their major bills rise by almost £270 by April, Sky News analysis suggests.

The increasing costs of energy, water and housing tax would exceed inflation and increase the pressure on family budgets.

The first impact will be felt from New Year’s Daywith the national cap on energy prices increasing for the second time this winter.

A household paying by direct debit and using the usual amount of gas and electricity will pay an extra £21 – or 1.2% – per year, bringing their bill to £1,738, according to regulator Ofgem.

But there will be even more pain in April when energy analysts at Cornwall Insight predict bills will rise by a further £52 a year to £1,790. This represents an increase of 3%.

April will prove to be a difficult month for struggling households.

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Water bills are ‘an absolute disgrace’

Water bills will increase on average £86 in England and Wales under plans agreed by regulator Ofwat. Increases in Scotland are expected to be announced in the coming weeks.

And the housing tax is should also increase in April. Local authorities providing social services can increase bills by 5%, without government authorization or a local referendum.

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This would add £109 to the bill for an average Band D house.

Inflation in the UK is currently 2.6%, below rising bills.

Rising energy prices will hit households at the coldest time of the year, when many retirees have had their winter fuel payment removed.

It also comes against a backdrop of general gloom for the UK economy.

Latest figures from the Office for National Statistics show there were zero economic growth in the third quarter of last year, and businesses warned that rising employer social security contributions would hit jobs and wages.

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