Families are confronted with a hammering of £ 1,000 for their annual budgets from next week, because the tax attacks of Labor and the Factures in inflation come into effect.
In what is being dubbed 'terrible April', the tax, water and energy rates will all rise.
Chancellor Rachel Reeves' £ 25 billion raid on the national insurance of the employers will also start, with costs passed on in the form of lower wages and higher prices.
Exclusive analysis for the Daily Mail Today lays the burden for households and signals a revival of the cost-of-life squeeze, which causes a gap in Labor's promise to put more money in the pockets of people.
It also threatens to kill the predicted lean economic growth of 1 percent for this year, which might force Mrs Reeves to come back for more tax increases and cuts.
Tory leader Kemi Badenoch wrote in today's post and said: 'It is no surprise that all these walks of April 1 will come. Labor takes the British audience for fools. Some of these accounts will show to what extent Labor lied to get your voice last year. “She added:” This is the reality of managerial work: record tax, rising unemployment, higher inflation and no growth. “
According to analysis of the Center for Economics and Business Research (CBR), only the NI walk will give away at least £ 565 of household budgets on average. That is based on the office for budget responsibility and this week says that about two -thirds of the raid will be passed on by companies in lower wages and higher prices.
It also estimated that the tax increases of the municipality will on average cost the households £ 90, while unprecedented increases in water accounts add £ 123. This is followed by energy bills (£ 111), broadband (£ 21.99) and road tax (£ 5).
In what is being dubbed 'terrible April', the tax, water and energy rates will all rise as part of Labor and Chancellor Rachel Reeves' (photo) tax attacks
Families are confronted with a hammering of £ 1,000 for their annual budgets from next week, because the tax attacks of Labor and the inflation-busting invoice increases are taking effect
Chancellor Rachel Reeves' £ 25 billion raid on the national insurance of the employers will also start, with costs passed on in the form of lower wages and higher prices
Labor's simultaneous raid in stamp rights – also announced in October – will only deepen the pain for those who want to move the house and add thousands of pounds to the costs.
Separate analysis of the Institute of Economic Affairs Think tank showed that the richest households could find £ 2,729 worse off on average after power profit tax, the levy applies to the sale of second houses and shares, was also used in the budget.
On Tuesday and next Sunday, rise to road tax, the national insurance of employers and stamp rights announced by Mrs. Reeves in her budget in October, will start. They are on top of the tax increases of the capital gain that started in October.
There will also be 5 percent rises for the burden on most inhabitants, together with paralyzing increases in water, energy and broadband accounts after regulators have given suppliers the green light to increase prices by inflation busting.
Christopher Breen, head of economic insight into the Cebr, said: 'Consumers continue to feel gloomy about their finances, and it is no wonder why.
'With the increase in costs and alleviating wage growth, we do not expect any significant imminent improvements in the consumer prospects.
“The situation for the lowest paid employees remains a particularly critical number of failure of direct debit has continued to increase recently, with the upcoming changes in welfare payments that will probably continue to influence hundreds of thousands of people.”
IEA -executing director Tom Clougherty added: 'The tax increases that will come into force in April will weigh on household budgets and undermine economic growth. British households are going to pinch it. '
Adam Corlett, head economist at the Resolution Foundation Think tank, said: 'Rachel Reeves' wage taxes will probably take the lead of all wage increases that people will receive, while the tax threshold of the previous government will mean that a larger part of those wage increases will go directly to HMRC.
'Extra financial pressure in April comes around most years. But it's more difficult to take when the economy stagnates. '
The reforms of Labor, which after years of tax resistance come where income tax thresholds have been frozen, means that the tax burden will reach its highest level in history
Tory leader Kemi Badenoch (photo leader (photo) said in today's post and said: 'It is no surprise that all these walks will come from April 1. Labor takes the British public for fools'
In the October budget, Mrs. Reeves achieved the contributions of the national insurance of employers from 13.8 percent to 15 percent. The salary threshold of the employee where companies start to pay was reduced from £ 9,100 a year to £ 5,000. She also doubled almost capital gain tax for taxpayers of the basic speed of 10 to 18 percent.
In the meantime, the tax -free payment for stamp rights has been reduced from £ 425,000 to £ 300,000 for first buyers and £ 250,000 to £ 125,000 for others.
The reforms, which come after years of tax resistance where income tax thresholds have remained frozen, mean that the tax burden will reach its highest level in history.
Most councils in England are also planning to increase the council's tax accounts by 4.99 percent from next week – the maximum amount permitted by the government without requesting permission. It will increase the typical band D account from £ 2,171 to £ 2,280.
Some councils have been given permission to impose increases of up to 10 percent.
Energy bills for millions of households will rise by 6.4 percent from 1 April, if Ofgem increases its price cap for a third consecutive quarter.
The rise in the water bill is the largest increase, because the industry was privatized in 1989 after regulator allowed companies to increase average accounts by 36 percent. This was to help finance a £ 104 billion infrastructure upgrade to the square sector. Some companies have allowed considerably higher increases. Southern Water customers will be confronted with an increase of 53 percent and Severn Trent -households will rise by 47 percent before inflation.
For those with inflation-linked contracts, which are most households, the broadband prices will rise by an average of £ 21.99 per year from next week, with some newer plans that see an increase of up to £ 42 per year, according to consumer group USWITCH.
The standard rate of road tax – also known as vehicle excise duties – for cars registered after April 2017, will also rise to £ 195 from 1 April, an increase of £ 5. But some new cars will see their road tax double, with the most polluting vehicles confronted with a stunning walk of £ 2,745 to use the road.
Labor did not promise Ni not to walk in his election manifesto, causing accusations that the increase of next week broke his promise. A spokesperson for the Treasury said: “We protect pays slips for working people by keeping our promise in order not to increase the basic, higher or extra rates of income tax, national insurance of employees or VAT.”
