Registered Charity 1161164.
Authorised and regulated by the Financial Conduct Authority.
Cost of living increases continue to push people into debt
We continue to see clients struggling to cover the basics—heating, water, rent, food. And is it any wonder, when you look at the wave of price increases in just the last few months?
- £111 rise in the Energy Price Cap from 1 April 2025—taking the average annual bill to £1,849.
- +26% average increase in water bills across England and Wales. Some households now face bills of over £700 a year.
- +5% rise in Council Tax for a typical Band D property in England—some areas have seen hikes of nearly 10%.
- +6.4% to 7.5% increases in broadband and phone bills.
- +4.6% national rail and London tube fare increase.
- Even road tax and the TV licence fee have gone up.
For those already living on a tight budget, these rising costs are simply unmanageable. More and more people are being pushed into debt just to stay afloat.
That’s why our work remains so vital.
Source: The Money Statistics: April 2025 from The Money Charity.
