Families will be £150 worse off this Christmas and face another £700 hit
FAMILIES face a £150 whack to their wallets this Christmas and a £700 gut-punch in the spring, Boris Johnson has been warned.for hard-working Brits struggling in the teeth of a cost of living crisis.Rachel Reeves is calling on ministers to scrap the VAT on heating billsLabour today ramps up calls for ministers to scrap VAT on heating bills over the winter months to ease the pinch.
Party analysis of Bank of England and ONS stats reckons the average family will be £148 worse off this festive season than normal.But the real sting will come in Spring when Brits face double-whammy rises in National Insurance payments and the energy price cap - while the freeze in the income tax personal allowance also kicks in.
Labour says someone on £30,000 a year faces paying £330 more owing to the freeze and 1.25 per cent NICs rise.And an expected 30 per cent rise in the energy price cap would shoot up bills by £383 - leaving them as much as £700 worse off in total.told The Sun: "Right now, people are being hit by a cost-of-living crisis which has seen energy bills soar, food costs increase and the weekly budget stretched.
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