Key Dates: Prescription Costs Up, Free Childcare Starts, Bank Rate & Energy Cap Announced
The cost of prescription prepayment certificates (PPCs) and individual prescriptions are set to rise on 1 May, while parents of babies aged nine months and older can apply for free childcare from 12 May. Meanwhile, the Bank of England will make its third express interest rate announcement of the year on 9 May, and the new energy price cap for July to September will be revealed on 24 May. Additionally, Santander will reduce the rate on its 5.2% Easy Access Saver account to 4.2% on 20 May.
From 1 May, the three-month PPC will cost £32.05, and the 12-month PPC will be £114.50. Prescription costs will also increase to £9.90 per item, a rise of 25 pence. Working parents can apply for 15 hours of free childcare per week from 12 May, for children aged nine months and older. The Bank of England's express interest rate announcement on 9 May will provide insight into the nation's economic health. On 20 May, Santander customers will see a reduction in the rate of their 5.2% Easy Access Saver account to 4.2%. Lastly, the new energy price cap for the July to September period will be announced on 24 May, affecting millions of households.
These changes, ranging from prescription costs and childcare to express interest rates and energy prices, will impact many people's daily lives and budgets. It is essential to stay informed and plan accordingly.
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