Price soars expected on 1 April

On 1 April, a day nicknamed National Price Hike Day, expect increases in various services and taxes.

BT, EE, Plusnet, and Vodafone customers will see a 7.9% rise, while Virgin Media and O2 are increasing prices by 8.8%. Sky customers can anticipate a 6.7% rise.

Council tax increases across the country vary from 2.99% to 21%, with Birmingham City Council permitting a 21% rise over two years due to financial issues.

TV licence costs will go up to £169.50, an increase of £10.50. Water bills in England and Wales will rise by 6%, reaching an average annual bill of £473.

Vehicle excise duty will increase by around 6%. Train fares in Scotland will rise by 8.7%, while those in England and Wales saw a 4.9% rise in March.

Royal Mail will hike stamp prices by 10p, making first-class stamps £1.35 and second-class stamps 85p from 2 April.

These increases are often tied to inflation rates, with some exceptions attributed to particular circumstances, such as the council tax rise in Birmingham due to financial challenges.

Keep an eye out for these changes affecting your expenses from April onwards.

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