Cost of living crisis: This is how much bills will rise for ‘average’ Liverpool family next month
The monthly cost increase for utility bills could be hundreds of pounds.
The cost of household bills and mortgage payments for a typical family in Liverpool will hit a staggering £1,185 next month, exclusive analysis on behalf of LiverpoolWorld shows.
This is £254 more per month than a year ago, a 27% rise.
The analysis was based on a family with two adults on average wages and typical bills for Liverpool, living in an averagely-priced semi-detached house on a variable mortgage.
This family will be paying a combined £519 in utility bills and council tax from next month, after the new higher energy price cap hits, which is £197 higher than the same month last year.
They will also be forking out £666.02 on their monthly mortgage payment, £56.48 more than last year, as interest rates continue to climb.
Taken together, these bills will take up 29% of our average couple’s take-home pay.
LiverpoolWorld is campaigning for new Prime Minister Liz Truss to take immediate action:
- To stop the cost of energy from going above double the levels seen last winter, for both households and businesses;
- To help those on prepayment meters so they are no longer facing higher energy prices; and
- To tell energy companies that they cannot cut off the supply to any homes this winter if people fall behind on their bills.