Cost of Living Calculator: How much will your bills increase from today?

The cost of living crisis will worsen for many households starting today as energy bills soar due to an increase in the price cap.

From today, a 54% increase in the price cap – which limits the amount that can be charged per unit of gas and electricity – takes effect. Local authorities in England will also increase council tax by up to 3% from today, with many councils introducing the maximum increase.

The cost of buying a meal in a pub, a soft drink or a hotel stay could become more expensive from April as VAT levels in the hospitality sector are back to 20%, while an increase in National Insurance payments will come into effect next week.

READ MORE: Energy bills, council tax hike and minimum wage – the changes affecting the cost of living from TODAY

Calls are mounting for the government to do more to tackle the cost of living squeeze, but ministers have resisted calls to scrap the planned tax hike.

Earlier this year it announced a support package including a state-funded £200 rebate on energy bills, which households will eventually have to repay. However, some fear that the measures will not be enough to help.

The Manchester Evening News has created a handy cost-of-living calculator to predict how much your bills could change due to changes coming this month – including price cap increases, National Insurance, higher rail fares and more.

Use the widget below to see how your bills might be affected.

It comes as union leaders call for an emergency budget to help working families who are at ‘breaking point’ due to the cost of living crisis. The Trades Union Congress (TUC) said wages and benefits would be “gobbled up” by higher bills and inflation.

The union body said the measures announced in the Chancellor’s spring statement last week were “woefully insufficient”, warning of the worst crisis in living standards for generations. The TUC said the chancellor is expected to return to parliament to announce new economic support, including a rise in the minimum wage. to at least £10 an hour, new subsidies funded by a windfall tax on the profits of energy and oil companies and an increase in Universal Credit.

The TUC has estimated that energy bills will rise at least 10 times faster than wages this year. TUC general secretary Frances O’Grady said: ‘People shouldn’t struggle to meet basic needs, but millions of families have been pushed to breaking point by spiraling bills and inflation sharply.

“This is a standard of living emergency. Rishi Sunak must return to Parliament and present an emergency budget. We need an appropriate set of economic supports for families.

“Britain is facing the worst living standards crisis for generations. We need an emergency budget to reduce energy bills and increase wages, universal credit and pensions.