Martin Lewis reveals simple tip for securing lowest energy prices
People are feeling the bite of the cost of living crisis due to increasing energy prices and other bill hikes that have come into effect today.
The 54 per cent rise in the energy price cap today means a household using a typical amount of gas and electricity will now pay £1,971 per year, which amounts to an average £700-a-year increase for households.
Meanwhile, a further rise is expected in October and council tax, water bills and car tax are also going up for some.
In February, Rishi Sunak announced a support plan worth £350 – via a £150 council tax rebate and a repayable upfront £200 discount – for each of “the vast majority of households” to take the “sting” out of the rise.
But Keir Starmer branded the government's response as "pathetic" and accused the government of forcing people to choose between heating their homes or eating.
He told the BBC that the Labour party would introduce a one-off windfall tax on the profits of oil and gas companies and use the money to help households struggling to cope with rising energy bills.
Sunak told the BBC's Newscast: "I'm confident in what we've done. I know it's tough for people. We're facing a very difficult situation with the price of things going up and I want to do what we can to ameliorate some of that, but I'm also honest with people that we can't ameliorate all of it, sadly."
Here's what UK newspapers had to say about the news:
The Independent: Five million households face budget squeeze
Friday\u2019s INDEPENDENT Digital: \u201cFive million households face budget squeeze\u201d #TomorrowsPapersTodaypic.twitter.com/hw7snbQxCb
Daily Express: House prices surge £33,000 in a year
Tomorrow's front page: House prices surge \u00a333,000 in a year\n#TomorrowsPapersToday \n\nhttps://www.express.co.uk/life-style/property/1589003/house-prices-growth-property-uk-nationwide-house-price-index-latest-uk\u00a0\u2026pic.twitter.com/sfYNUDdZ81