MILLIONS of households will be hit with a tidal wave of bill increases in April.
You’ve probably already noticed your money isn’t going as far as it used to, with soaring inflation pushing up food prices and a jump in energy bills.
But in April households will be hit by further pain, as a planned National Insurance and income tax band freeze kicks in.
It means the average household will be £600 worse off a year.
That’s why The Sun has pulled together a team of experts from our Squeeze Team to help support you.
Today we are taking phone calls and emails from you.
We want to hear from you about your bill increases and worries about your finances.
Each week we will focus on a different bill or financial topic and help you to navigate the cost of living crisis.
We will also continue to fight for help from the government, as well as calling out companies for rising bills unnecessarily or unfairly.
You can email us on Squeezeteam@the-sun.co.uk, call on 0800 028 1978 or write to: 1 London Bridge St, London, SE1 1GF.
The phone lines will be open today between 8am and 8pm.
Below, we take a look at some of the rising costs and I share my advice on what you can do now.
Energy bills
Energy bills are set to increase by £700 when the price cap is reviewed in April and some experts predict bills will rise to £2,000 a year.
The huge rise is due to spikes in wholesale prices and almost 30 suppliers going bust in the last year.
My advice
Save: £100s
Start planning how you will pay for the rise. Make sure you apply for help like the Cold Weather Payments or Warm Home Discount if you’re eligible.
Ask your supplier for help if you’re struggling. Check if your local council is offering cash support.
TV, broadband, phone and mobile
Virgin Media has already announced a £56 a year rise from April. Other telecoms firms are likely to follow with their annual rises.
My advice
Save: £100s
If you’re unhappy with the rise then you might be able to cancel your contract. Take time to review your bills. Can you ditch some of the add-ons or subscriptions?
Use websites like uswitch.com and comparethemarket to find cheaper deals. Try haggling with your supplier to cut your costs now.
Council tax
Council Tax bills are set to rise by upto 4% in some areas. The rise will vary based on where you live. Your local council should be able to tell you if they’ve set the rates for next year.
My advice
Save: Potentially £1,000s
Are you paying the right tax band? Thousands are overpaying – you may be able to claim back a refund. Check thesun.co.uk/ctax for advice.
Check with your local council whether you can get a discount or help with your bills if you’re struggling to pay them.
Water bills
Water bills could also go up in April. An announcement on the rates for this year is imminent.. You can’t choose who your supplier is – but there still might be a way to save money.
My advice
Save: £100s
Could you save money with a water meter? The general rule is that if you have more bedrooms in your house than people then you could save. Use ccwater.org.uk/watermetercalculator to check.
Transport costs
Rail fares are going up by 3.8% in March. It means an annual train ticket from Oxford to London will go up by £245 to £6,700. While a season ticket from Macclesfield to Manchester will jump by £84 to £2,284 a year.
My advice
Save: £100s
If your annual season ticket is up for renewal before March then make sure you renew. Book up to 12 weeks in advance to get the cheapest ticket.
Grocery bills
Inflation added £15 to shopping bills in December as the rate hit 3.5%. We are expecting the next set of numbers on Wednesday and it’s highly likely to be bad news for our wallets.
My advice
Save: £100s
Start by meal planning to make the most of your food. Check for vouchers and discounts before going to the supermarket. Swap expensive big name products for cheaper own-brand versions.
OUR expanded Squeeze Team are here to help you. Whether you’re worried about paying your bills, need to pay off debts or don’t know what to do with your pension, we want to hear from you today.
Call 0800 028 1978 or email Squeezeteam@the-sun.co.uk.
Who is on our team of experts?
Gareth Shaw
A money whizz from consumer group Which?, Gareth has been a journalist since 2007 and is a regular expert on TV and in print. He can help with all your consumer woes and offer tips for managing your money.
Romi Savova
Romi founded PensionBee in 2014 to simplify pension saving in the UK. She can answer questions about how to prepare for retirement.
Laith Khalaf
Laith has decades of experience in financial services and is a regular expert for the national press, TV and radio. A financial analyst at AJ Bell, you can ask him about investing.
Naomi Willis
Naomi set up award-winning money-saving website SkintDad.co.uk, along with her husband Ricky. Having previously cleared her own mountain of debt, Naomi can help you slash the cost of your supermarket shop and cut your everyday spending.
Marie Horner
Marie is a partner in employment law at Langleys Solicitors. She can help with questions about your rights at work and what you’re entitled to if you’re made redundant.
Anna Stevenson
Anna is a welfare benefits specialist at Turn2Us, a charity that helps those who have had life-changing events. She can help you understand Universal Credit and other benefits to make sure you’re getting all the support you’re entitled to.
Nick Morrey
Nick is an expert at mortgage broker Coreco. You can get his help with any concerns about rising home loan costs or getting onto the property ladder.
Richard Neudegg
Richard is head of regulation at the comparison site uSwitch.com. He’s an expert in energy and personal finance. Ask him for help with soaring energy bills, broadband and other monthly payments.
Johnathan Chesterman
Jonathan has been helping people with their debt problems for 28 years, working for Stepchange. Get his advice on how to get out of debt.
Jim Lee
Jim is the man to turn to if you have any money problems relating to taxes. He is a tax partner at James Lee Associates.
Tara Evans
Tara is head of consumer at The Sun and has all the knowledge and top tips on personal finance, from paying bills, to getting out of debt and the best ways to save money.
Leah Milner
Leah is editor of Sun Savers. She’s an award winning journalist with 15 years’ experience of writing about money and property. Ask her about making your money go further, housing questions or how to deal with troublesome companies.
Tashema Jackson
Tashema is a consumer champion at price comparison website energyhelpline.com. She can help you prepare for rising energy bills and learn to keep your costs down as much as possible.
Holly Mackay
Holly is the founder of Boring Money, a comparison website for savings and investments. She can give you tips on how to build a rainy day fund and save for your future.
Martyn James
Martyn is a consumer rights expert and campaigner, broadcaster, presenter. He’s the man to help with scams, refunds, complaints and hopeless customer service.
Mitch Young
Mitch is an accountant at Fusion Consulting Group and regular commentator in the press. You can ask him about all your tax queries.
We pay for your stories!
Do you have a story for The Sun Online Money team?
7 comments
Congrats on your new site, get it listed here for free and we’ll start sending people to your site https://bit.ly/addyoursitehere
Congrats on your new site, get it listed here for free and we’ll start sending people to your site https://bit.ly/addyoursitehere
Submit your site to our 30 directories all with one click here> https://bit.ly/addyoursitehere
You can submit your site to over 30 different business directories for free with one click https://bit.ly/addyoursitehere
Submit your site to over 1000 advertising websites for free now https://bit.ly/submityoursite1000
Submit your site to over 1000 directories all with one click here> https://bit.ly/submityoursite1000
Developed by a Construction Specific CPA Firm, TimeSuite is the worlds most advanced Construction Software.
TimeSuite is next generation.
Advanced because it’s intuitive, comprehensive and dynamic.
Advanced because it’s has a relational architecture (no modular subsystems/no modules).
Web, desktop and mobile interfaces to a single database. One system, 3 comprehensive interfaces.
Project Management, Accounting, Scheduling, Estimating, On-Screen Take Off, PDF Viewer, CAD Drawing Layering, Geo Timecards, CRM, Task Management, Resource Management, Banking System Integration, Text Messaging, Email, Calendar, Form Creation, Property Management, RFQs/Bid Packages, Outlook and Google email and calendar integrations and more.
Fully automated percentage of completion method of accounting with a full job schedule that always ties to the income statement.
Gain access to a live fully functional demo at TimeSuite.com.