As if juggling the cost of living was not bad enough, yesterday gave us something to think about. First of all the energy cap was lifted to just under £2000, bad news for everyone! Then the Chancellor gets up in Parliament to announce that most of us will be getting what is effectively an interest-free loan from the government of £200 credited to our energy bills, this is despite some people seeing a 50% increase in their energy costs and we will all have to pay this back to the tune of £40 per year over the next five years.
Further to this, homes within the council tax bands of A to D will get a credit of £150 added to their accounts, but when you consider the increases in council tax, this just disappears in the numbers.
Finally, the Bank of England has increased interest rates, with the prospect of further increases in the future. In all, it seems like swings and roundabouts, it just depends where you are sitting to see how it affects you!
Would you like some more information? Then you are in luck because we have included a link to the story, it can be found below, just run your mouse over the link to satisfy yourself that you are going to the right destination and click for more!
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