The cost of living crisis is hitting Brits with soaring energy costs and inflation, but how much more will you have to pay?
Many Brits today will be trying to crunch the numbers to see what the crisis will cost your households.In case you hadn't heard, the energy cap - the maximum amount Brits can be charged for energy - will rise by £693, making the typical energy bill an eye-watering 54 percent more expensive.Shortly after that, the Bank of England announced interest rates would rise, the second time in three months.
All in all it's a more expensive time to be living in the UK, so we've put together a cost of living calculator that reveals how much more you'll pay on bills and tax from April.
Try out this calculator to see how the cost of living crisis will hit your bank account. The energy cap rise announcement was made earlier today by the Office of Gas and Electricity Markets (Ofgem).
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