Insurance

Prices rising from April include gas, electricity, national insurance, council tax and Sky

Families who feel the pressure now will feel the pressure even more in a few months.

Millions of households will find it harder to balance their family budget in April as they face a series of increases in household bills.

Interest rates have also risen, putting pressure on those with certain types of mortgages or paying off loans or credit cards.

Head here for the latest cost of living news

Here is an overview of all the bills that will cost you more in just over a month.

national insurance

Despite calls to remove the increaseit looks like the 1.25% hike in National Insurance contributions will continue in April as planned.

From April 6, employer and employee National Insurance contributions will be increased, with the rate returning to its 2021/22 level the following year, and the revenue stream replaced by a new 1.25% tax on health and social care.

The rate increase will mean the average worker will pay £255 more a year in tax.

An employee with a salary of £20,000 a year will pay an additional £89 and high earners with £50,000 a year will pay an additional £464.

Working adults, including those over the legal retirement agewill have to pay the 1.25% tax, but people earning less than £9,880 a year, or £823 a month, will not have to pay national insurance and will not have to contribute.

Average supplement per month: £21.25

Gas and electricity bills

The rise in the energy price cap to a record £1,971 for a typical household on a standard tariff comes into effect on April 1.

For customers with prepaid meters, the price cap will increase from £708 to £2,017 from April.

The massive increase, caused by soaring prices on the wholesale energy market, means families will have to find an average of £693 extra a year, or more of you will be using more energy than average .

The Chancellor announced a £9billion package, including a one-time refundable £200 rebate and a £150 rebate on council tax bills, and £144million to councils for Support vulnerable households in the face of soaring energy prices, but warned households that they will have to adapt to rising energy prices in the future.

Average supplement per month: £57.75

Water bills

Northumbrian Water prices rise by 10% in April – an average of £37 a year for metered water customers and those paying water tariffs.

While the rise is highest in the UK, the amount paid by customers is actually one of the lowest, at £365 a year on average.

Average supplement per month: £3.08

Housing tax

Councils in the region are preparing to raise taxes from April.

Local authorities are starting to publish their draft budget proposals for the 2022/23 financial year, where you will find information on the rise where you live.

If you haven’t been contacted with your new bill yet, it’s worth keeping an eye on your council’s website to see when they publish the new rates.



Councils are setting their increases for this year’s municipal tax bills now

The proposed increases in our region are as follows:

Newcastle City Council

Proposed increase: 2.949%

Band A increase: £35.24 per year (£2.93 per month)

Band D increase: £52.87 per year (£4.40 per month)

Northumberland County Council

Proposed increase: 4.24%

Band A increase: £49.74 per year (£4.14 per month)

Bracket D increase: £73.61 per year (£6.13 per month)

Gateshead Council

Proposed increase: 2.99%

Bracket A increase: £42.74 per year (£3.56 per month)

Bracket D increase: £64.11 per year (£5.34 per month)

Durham County Council

Proposed increase: 3%

Bracket A increase: £42.78 per year (£3.56 per month)

Bracket D increase: £64.14 per year (£5.34 per month)

Sunderland City Council

Proposed increase: 2.99%

Band A increase: £35.61 per year (£2.96 per month)

Band D increase: £54.43 per year (£4.53 per month)

North Tyneside Council

Proposed increase: 2.99%

Band A increase: £38.69 per year (£3.22 per month)

Bracket D increase: £58.03 per year (£4.83 per month)

South Tyneside Council

Proposed increase: 2.95%

Bracket A increase: £37.81 per year (£3.15 per month)

Band D increase: £56.72 per year (£4.72 per month)

Mobile phone and broadband charges

Millions of O2, Three and Virgin Mobile customers will be hit by price increases of up to 11.7% this spring.

The 11.7% rise in O2 is for some the largest predicted increase announced so far by mobile network operators.

BT, EE and Plusnet, Shell, TalkTalk and Vodafone customers face an increase of up to 9.3%, an average of £3.50, or £42 a year.

Average supplement per month: £3.50

Sky

Millions of Sky customers face increases of a further £43 a year from April as the telecoms giant hikes broadband and TV bills.

Average supplement per month: £3.60

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