Prescriptions, TV licence and council tax: Cost rises that will affect YOU from TODAY

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Money experts warn of increased costs amongst day-to-day bills starting from today

Dubbed ‘national price hike day’ by money experts, they warn of a wave of increases to the cost of day-to-day bills hitting family budgets hard.

Stamps, prescriptions, TV licences, water and a host of other household expenses are set to soar.

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

Also from this date, a colour TV licence will cost £147 – a £1.50 increase.

Nine out of 10 local authorities in England are increasing their level of council tax from April. Residents in some areas will see their bills rise by as much as five per cent.

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Increased TV licences, water and council tax bills could hit family budgets hard

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

Hannah Maundrell, editor-in-chief of money.co.uk

And households in England and Wales will be charged an average £395 for their water and sewerage over the coming year – an increase of £6.

Prices are also heating up for energy customers, 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 five per cent 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 per cent.

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

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The cost of NHS prescriptions will increase by 20p to £8.60 from today

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 per cent from April 26.

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

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

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NPower recently increased their gas and electricity prices by 9.8 per cent

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.

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