Three household bills that have actually gone down in price during the cost of living crisis

The cost of living crisis is having a huge impact on the majority of households in the UK, with food, petrol and energy bills all rising in price. In April Ofgem increased the energy price cap by 52%, meaning the average household would be forking out almost £700 extra a year on their bills, totalling just under £2,000.

On Wednesday (25 May) the regulator announced that the price cap would be rising yet again this time to £2800, totalling an increase of another £800. Whilst addressing the House of Commons today (May 26), Chancellor Rishi Sunak acknowledged the situation has worsened and announced that every household in the UK will receive a £400 discount on their energy bills as part of a new grant.

Although this may help homeowners to stretch their money a little further, many have little room for manoeuvre in their budgets as living cost pressures continue to worsen.

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According to figures released by Nationwide Building Society this week, households went out of their way to spend much less in April – but the overall amount they spent did not drop – in what the society described as a 'clear sign' of the impact of rising prices.

Office for National Statistics figures have also shown inflation soaring to a 40-year high, reaching 9% in the year to April – a figure which is expected to hit double digits in the coming months.

A further string of cost increases took place in April, including rises in council tax, a 1.25 pc rise in national insurance increase to help pay for health and social care, and a rise in the energy price cap.

The typical cost of filling up the car has also jumped to record levels, with a full tank of