April Bill Hikes Strain UK Households Amid Economic Challenges

Households in the UK are facing significant financial strain due to rising utility bills, council tax, and National Insurance contributions, with the energy price cap increasing by £111 to £1,849 annually. These hikes disproportionately affect low-income families, particularly single-parent households, who struggle to manage escalating costs with limited resources. Reports indicate that the cuts to benefits may push an additional 250,000 people, including many children, into relative poverty, exacerbating the cost of living crisis. Individuals are expressing concerns about their ability to afford basic necessities, with many facing tough choices between heating and food. Experts warn that businesses may suppress wage rises to cope with increased operational costs, potentially lowering household incomes further. The situation is compounded by potential future trade tariffs that could increase costs even more, leaving families bracing for an uncertain financial future.