Water, cars and phones: The seven bills set to rise in April
Published On Feb 25, 2025, 9:11 AM
Starting in April, households in the UK will face various increases in bills including rises in water, energy, and council tax. Water bills in England and Wales will increase by £10 per month on average, with significant variation across providers. Energy bills will rise by £111 annually due to a price cap adjustment by Ofgem. Local council taxes will likely go up, with maximum allowable increases of 4.99% for social care councils in England and expected 10% rises in Scotland. Furthermore, car tax and costs for broadband and TV licenses will also see increases, alongside changes in stamp duty thresholds for home purchases. These financial burdens may lead consumers to reevaluate spending and could impact overall economic activity.
Stock Forecasts
XLY
Negative
The increases in household bills and living costs could dampen consumer spending, potentially impacting sectors reliant on discretionary spending.
XLU
Positive
Utilities, facing higher operational costs and a general increase in demand due to rising water and energy bills, may see a performance boost.
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