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Wednesday, February 28, 2024

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People in Gedling borough will see a wave of increases to the cost of living from today (April 1) – which experts have dubbed “national price hike day”.

The increased costs range from the cost of posting a letter through to household bills.

An NHS prescription in England will increase by 20p to £8.60 from today (April 1) , as dental costs also increase, with the price of a check-up rising by 90p to £20.60.

Gedling Borough Council are increasing their level of council tax from this month.

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Energy bills are also set to rise, after a raft of firms have recently announced increases.

Co-operative Energy is increasing the cost of its standard variable tariff by an average of 5% from April 1, adding an estimated £58 a year to bills.

Scottish Power has also announced that from the end of March, standard dual fuel prices would increase by an average of 7.8%.

NPower has also recently hiked gas and electricity prices by 9.8% – a move adding around £109 to annual dual fuel bills.

Other price rises are also in the pipeline, with E.On set to increase its standard variable dual fuel prices by an average of 8.8% from April 26.

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The cost of posting a letter is more expensive than it was last weekend.

Stamp prices have increased with the price of a first class stamp rising by 1p to 65p and a second class stamp increasing by 1p to 56p.

Your TV licence will also cost more from today after going up by £1.50 from £145.50 to £147.

Hannah Maundrell, editor-in-chief of money.co.uk, said: “It really is national price hike day as the cost of everyday activities is going up left, right and centre.

“From postage to prescription and dental costs, your wallet is going to be hit left, right and centre.”

Spotted something? Got a story? Email our newsdesk news@gedlingeye.co.uk

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