Money Box

In April, benefits and the state pension will rise by just over three per cent. That is less than half the increase in prices which is predicted by the Bank of England. So people on benefits will be able buy less even with their increased benefits. One campaigner said it’s not so much choosing between heating and eating - more a choice between freezing or starving. What’s it like for people on the front line of the cost of living crisis and should taxpayers even be paying for a rise at all? Last week we learned that the price of gas to heat our homes was going to soar – but most people are protected by the price cap. That’s not the case for around 800,000 households which get heating from Heat Networks - or communal heating - where multiple homes, usually flats, are heated by one boiler. The residents pay for their gas through management agents or housing associations. And because these are commercial contracts they are not capped like for domestic fuel. Their bills look set to triple or even quadruple. We