Cost of living payment: April money changes from Universal Credit to energy bills [Video]

Each year, April brings important changes for UK households as the country enters a new financial year.

Following on from chancellor Jeremy Hunt’s spring budget, April 2024 will be no different, with several new measures and rates coming into effect.

April will see increases in various sources of income, while household bills are expected to begin levelling out to a more sustainable point than they have been in recent years.

Inflation took a positive turn in March, falling to 3.4 per cent – the lowest level since March 2021. Combined with a summer of strong wage growth, the UK’s economy could be showing early signs of growth.

However, the cost of living crisis continues, with many families still struggling to afford the essentials and stuck with record debt from the past few years. The declining rate of inflation has also yet …