Posted 12/31/2023, 2:52:00 PM
Cost of Living Relief on the Horizon: Energy Bills, Taxes, and Childcare Costs Set to Drop in 2023-2024
- Energy bills are high but expected to fall in 2024, with the cap down 14% in April
- National Insurance contributions being cut in March, giving employed people up to £750 more annually
- Interest rates expected to fall in 2023 to stimulate growth after period of hikes
- New free childcare program launching in April for qualifying parents of 2-year-olds
- Tax changes coming in April including personal allowance freeze, “living wage” increase to £11.44/hour