The following things are all going up in price today

Rent for social housing

The CPI rate of inflation in September – 6.7% – is used to determine the yearly rise in rents. 

For 2024-25, the limit will be 6.7% plus an additional 1%.

Water

The average household water and sewerage bill in England and Wales will go up by an average of 6% from April

Water UK said the increases would leave households with an average annual bill of £473.

Car tax

Vehicle excise duty will rise on all but the cleanest new and used cars this month.

Increases are generally calculated in line with the RPI rate of inflation and are expected to be about 6%.

Train fares

Rail fares will rise by 8.7% this month for those in Scotland, after the Scottish government argued previous fare freezes were not sustainable. 

For those in England and Wales, fares rose by 4.9% on 3 March. 

TV and broadband

BT, EE, Plusnet and Vodafone customers are being charged 7.9% more from this month. These companies pin their prices to December’s inflation figure plus 3.9%, which is common practice in the industry.

Virgin Media and O2, which merged in 2021, are upping prices by 8.8%, as they use the retail price index from January plus 3.9%. There are caveats which mean some O2 customers will see prices rise by less than this.

Sky is also implementing price rises, meaning most Sky TV and broadband customers will pay an average of 6.7% more from today.

Council tax

Most people who live in councils with responsibility for social care in England will see their bills rise by the maximum of 4.99%.

In areas where the councils don’t oversee social care, the rise for most will be 2.99%.

Birmingham City Council, which has declared effective bankruptcy, has been given permission to hike council tax by 21% over two years due to a black hole caused partly by equal pay claims and a botched IT systems rollout.

Council tax has been frozen by the devolved government in Scotland, while rises in Wales range anywhere from 3% to 21%. Northern Ireland uses a rating system instead of council tax, and rises are also expected here.

TV licence

The annual cost of a standard colour TV licence will rise to £169.50 from today – an increase of £10.50 on the current price of £159 a yearRent for social housing

The CPI rate of inflation in September – 6.7% – is used to determine the yearly rise in rents.

For 2024-25, the limit will be 6.7% plus an additional 1%.

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