Millions could get £150 council tax rebate – Rishi Sunak set to announce new support

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Millions could get £150 council tax rebate – Rishi Sunak set to announce new support

Households face a time of unprecedented cost and economic uncertainty as the world recovers from the worst of COVID-19. Mr Sunak is expected to tod

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Households face a time of unprecedented cost and economic uncertainty as the world recovers from the worst of COVID-19. Mr Sunak is expected to today announce a range of measures to help Britons ride out the cost of living crisis.

The Chancellor is expected to provide a £150 rebate for those in Council Tax bands A to C, The Times reports.

This will be to assist low income families who will likely be hit hardest by upcoming price increases and tax hikes. 

Currently, the cost of living is higher than it ever has been in the last 30 years, with families expecting to fork out an additional £2,000 this year just to keep up with the energy price cap rise. 

It is estimated that households will find themselves £3,000 worse off this year in total. 

READ MORE: State pension age Britons urged to ‘prepare’ for levy as National Insurance hike looms

This is mostly due to skyrocketing inflation, which is reported to add £180 annually to grocery bills. 

Shortages of workers and post-pandemic nerves have also been seen to get the better of consumers, such as during the fuel shortage last year where thousands flocked to the pumps when there was no need to, increasing the price further. 

Alongside all of this, National Insurance hikes will be stealing a sizeable chunk off of the working class paycheques. 

As a result of all of these influences battering the low income working class, the council tax rebate is expected to help more than 15 million households.

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Interest rate rises may appear to be a saving grace however, like with the base rate rise at the end of 2021, this will almost immediately impact mortgage bills while savers wait around to see the effects. 

Alongside the council tax rebate expectation, Ministers will be providing billions of pounds worth of loans to energy firms which should be passed on directly to their hardest hit customers.

This has been dubbed the “smoothing” mechanism and will see Britons paying less now only to face huge sums over several years as the loans are paid back. 

Mr Sunak is also expected to extend the Warm Homes Discount to help families having to choose between heating and eating. 



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