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Nottingham Post
Nottingham Post
World
Keimae Blake

Sneinton residents share concerns as bills set to soar again in April

In one area in Nottingham, people say they are not "surprised" bills are due to rise again in April - as they shared their concerns about soaring prices. In Sneinton, people have admitted they are struggling with the cost of living.

Households can expect to need to find more than £200 extra per month to cover the increase in bills set to take place in April, according to comparethemarket.com's latest Money Action Index. In April, the energy price cap will rise from £2,500 to £3,000.

People in Sneinton have told Nottinghamshire Live how the cost of living is currently affecting them. Some people were not aware that the price cap was going to rise again.

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Misha Khan, 45, lives in Sneinton. She is a full-time mum.

She said: "It's hard because things are already expensive. I know people just have to deal with inflation but it doesn't make it any easier.

"The price cap rising is going to be massive for so many families and it will have a knock-on effect despite people's circumstances." Hikes in gas, electricity and broadband are to be expected.

Martin Kelly, 33, lives in Sneinton. Currently unemployed, he shared his worries and said: "It's hard.

"I'm not surprised that everything will go up again, maybe it will go up again next year too. People are still struggling from coronavirus.

"I lost my job a few months ago due to redundancy and now I'll have to keep on searching for a job while having to manage the finances that I do have yet again." Martin added: "Money is quite a touchy subject in general but even more so now.

"A lot of people are going through and will continue to go through the same thing." Umeer Yusuf, 29, also lives in Sneinton.

Umeer currently does agency work in catering. He was not aware that the energy price cap was due to rise again.

He said: "I didn't think the bills were going to rise again - they're already high and people can't cope. The Government doesn't understand everyday struggles."

Umeer added: "Last year, I had to work two jobs and I was exhausted. It's hard to save, too. What can people do?"

Mark Bailie, chief executive of comparethemarket.com, said: "Millions of households will be concerned about a potential bill shock in April. Our figures show household bills already jumped by £1,316 in 2022, so further increases will mean many will struggle to make ends meet.

"Lots of families with children at home are now having to rely on parents and grandparents for additional financial support. During this difficult time, people must take the time to look for savings wherever they can and make sure they don't pay more than they need to.

"Most households could save hundreds of pounds by shopping around for cheaper deals on their bills, such as car and home insurance, broadband, and credit cards. Comparing prices online is one of the best ways to check you're getting the savings you deserve."

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