'Jobs Tax' sees families face £3,536 bump in bills as cost of living skyrockets
'Awful April' has seen bills rise across energy, water, council tax, broadband, car tax, and more
The beginning of April has seen families face staggering rises in bills, which leave them £3,563 worse off.
It's so bad, the month has been deemed 'Awful April', which is squeezing UK households finances because of Labour’s national insurance jobs tax, the Tories have warned.
The full list of rising bills are:
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- Energy
- Broadband, mobile phone and TV licence
- Car tax
- Water
- Stealth taxes
- Stamp duty
- Council tax
This £25 billion tax hike, which takes effect on Sunday (April 6th), will cut salaries, and “punish” businesses for hiring part-time workers.
Conservative leader Kemi Badenoch has accused Chancellor Rachel Reeves of "gambling" with the UK economy.
The Tory leader said: "Rachel Reeves has gambled with the economy leaving us dangerously vulnerable to American tariffs.
“Labour’s unprecedented borrowing spree and record levels of tax means she has pulled the handbrake on economic growth.
“The Prime Minister might think this is all just pocket money, but Britain’s working families will certainly notice the £3,500 Labour ministers have cost them.”
“Labour didn’t have a plan and now they have snatched winter fuel payments from pensioners, introduced emergency welfare cuts, and from this weekend will be hiking taxes on work through their jobs tax.”
Employers start paying the tax on each employee’s salary when they earn over £9,100 per year, however, that is being reduced to just £5,000 at the start of the new tax year.
Additionally, the rate that employers pay in contributions will rise from 13.8% to 15% for workers earning over £175.
Kate Nicholls, chief executive of UKHospitality, said: “The costs hitting hospitality this month are eye-watering, and the impacts it will have on businesses, teams and communities are stark.
“We’ve already seen a chilling effect on investment plans and job creation – all of which have been put on hold or shelved.
“As costs begin to bite, we’ll see venues having to tighten their belt even further through restricting trading hours or, in a worst-case scenario, cutting jobs.
“None of this helps the Government’s ambitions to drive growth or get people back into work. It needs sectors like hospitality to achieve both of those goals, but with disjointed tax and welfare policies, that is looking more difficult than ever.
“Hospitality has the ability to generate socially productive growth and create jobs for everyone, everywhere, but this level of cost ties our hands behind our back.
"I urge the Government to work with us to bring forward a plan for hospitality that addresses these issues and backs the sector to serve Britain and create places where people want to live, work and invest.”